Should cyber insurance be mandatory?
Cyberattacks still plague the internet, leaving waves of personal and financial destruction in its path, but making cyber insurance mandatory would help with reparation, according to Richard Fry, head of information security and risk at Covea Insurance.
Insurance firms should use AI to improve existing models gradually rather than replace everything...
AI technology is best at work when it’s improving existing processes rather than trying to totally transform the entire business model, according to a panel at the Global InsurTech Summit 2019.
Insurers need to move away from just a contract and provide a real service
Building an on-demand insurance solution which provides a service rather than a ‘contract’ is how the space will evolve, according to a panel at the Global InsurTech Summit 2019.
Adopting technology does not require the loss of humans in insurance
Bringing in technology does not mean cutting down the number of jobs, instead, it frees humans to do what they do best, innovate, according to a panel at the Global InsurTech Summit.
Partnerships are just expensive experiments if both sides are not certain the deal is...
Partnering with InsurTechs can be an expensive experiment, so it’s integral to ensure it’s the right fit for both the company and insurance firm,...
How unlocking data can support the growth of reinsurance
Improving the access to data will not only help improve reinsurance but help the industry grow in new verticals, according to a panel at the Global InsurTech Summit 2019.
How the complexity of the insurance space is causing a funding gap in InsurTech
While investments into InsurTechs are increasing, funding is still not nearly as abundant as other areas of FinTech, according to MTech Capital co-founder and...
Why insurance is not ready for blockchain or AI
Insurance companies need to focus on digitalisation and utilising data’s full potential, before worrying about AI and blockchain technology, according to Insly founder and CEO Risto Rossar.
Insurance companies cannot risk overlooking the importance of compliance
The insurance industry is relatively more focused on developing products and serving clients than further developing its compliance framework, according to Priscilla Cournède, head of group prudential and regulatory developments at SCOR.
How can improved data access enhance insurance experiences for consumers
Partnering with companies in all industries can give insurance firms more in-depth data which will help to enhance customer experiences, according to Milan Sud, head of Innovation at AXA Partners UK.
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