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The key trends shaping the European insurance market 🔑 The Qover team recently took part in Insurtech Insights, where our CEO and Co-founder, Quentin Colmant, was asked what he believes are the changes we will see in the European insurance market in 2024. For Quentin, the market is facing two main changes in 2024 and 2025: the first one of course is the rise of AI and the impact it will have on streamlining insurance operational processes. The second one is the increasing number of risk carriers entering into strategic partnerships with insurtechs in order to keep up with the rate of innovation and better cover the European market. Back in January, Quentin shared his predictions for insurtech in 2024, so if you’d like to dive deeper into the topic make sure to give his column a read 👉 https://qovr.me/3JdJrfW #ITIEU2024 #AI #InsurtechInsights #EmbeddedInsurance #Insurance #Insurtech #EmbeddedInsuranceOrchestration

The key trends shaping the European insurance market 🔑 The Qover team recently took part in Insurtech Insights, where our CEO and Co-founder, Quentin Colmant, was asked what he believes are the changes we will see in the European insurance market in 2024. For Quentin, the market is facing two main changes in 2024 and 2025: the first one of course is the rise of AI and the impact it will have on streamlining insurance operational processes. The second one is the increasing number of risk carriers entering into strategic partnerships with insurtechs in order to keep up with the rate of innovation and better cover the European market. Back in January, Quentin shared his predictions for insurtech in 2024, so if you’d like to dive deeper into the topic make sure to give his column a read 👉 https://qovr.me/3JdJrfW #ITIEU2024 #AI #InsurtechInsights #EmbeddedInsurance #Insurance #Insurtech #EmbeddedInsuranceOrchestration

The key trends shaping the European insurance market 🔑 The Qover team recently took part in Insurtech Insights, where our CEO and Co-founder, Quentin Colmant, was asked what he believes are the changes we will see in the European insurance market in 2024. For Quentin, the market is facing two main changes in 2024 and 2025: the first one of course is the rise of AI and the impact it will have on streamlining insurance operational processes. The second one is the increasing number of risk carriers entering into strategic partnerships with insurtechs in order to keep up with the rate of innovation and better cover the European market. Back in January, Quentin shared his predictions for insurtech in 2024, so if you’d like to dive deeper into the topic make sure to give his column a read 👉 https://qovr.me/3JdJrfW #ITIEU2024 #AI #InsurtechInsights #EmbeddedInsurance #Insurance #Insurtech #EmbeddedInsuranceOrchestration

The key trends shaping the European insurance market 🔑 The Qover team recently took part in Insurtech Insights, where our CEO and Co-founder, Quentin Colmant, was asked what he believes are the changes we will see in the European insurance market in 2024. For Quentin, the market is facing two main changes in 2024 and 2025: the first one of course is the rise of AI and the impact it will have on streamlining insurance operational processes. The second one is the increasing number of risk carriers entering into strategic partnerships with insurtechs in order to keep up with the rate of innovation and better cover the European market. Back in January, Quentin shared his predictions for insurtech in 2024, so if you’d like to dive deeper into the topic make sure to give his column a read 👉 https://qovr.me/3JdJrfW #ITIEU2024 #AI #InsurtechInsights #EmbeddedInsurance #Insurance #Insurtech #EmbeddedInsuranceOrchestration

The key trends shaping the European insurance market 🔑 The Qover team recently took part in Insurtech Insights, where our CEO and Co-founder, Quentin Colmant, was asked what he believes are the changes we will see in the European insurance market in 2024. For Quentin, the market is facing two main changes in 2024 and 2025: the first one of course is the rise of AI and the impact it will have on streamlining insurance operational processes. The second one is the increasing number of risk carriers entering into strategic partnerships with insurtechs in order to keep up with the rate of innovation and better cover the European market. Back in January, Quentin shared his predictions for insurtech in 2024, so if you’d like to dive deeper into the topic make sure to give his column a read 👉 https://qovr.me/3JdJrfW #ITIEU2024 #AI #InsurtechInsights #EmbeddedInsurance #Insurance #Insurtech #EmbeddedInsuranceOrchestration

The key trends shaping the European insurance market 🔑 The Qover team recently took part in Insurtech Insights, where our CEO and Co-founder, Quentin Colmant, was asked what he believes are the changes we will see in the European insurance market in 2024. For Quentin, the market is facing two main changes in 2024 and 2025: the first one of course is the rise of AI and the impact it will have on streamlining insurance operational processes. The second one is the increasing number of risk carriers entering into strategic partnerships with insurtechs in order to keep up with the rate of innovation and better cover the European market. Back in January, Quentin shared his predictions for insurtech in 2024, so if you’d like to dive deeper into the topic make sure to give his column a read 👉 https://qovr.me/3JdJrfW #ITIEU2024 #AI #InsurtechInsights #EmbeddedInsurance #Insurance #Insurtech #EmbeddedInsuranceOrchestration

According to PropertyCasualty360, 2024 is the year of the insurance technologists and the industry must adapt to remain competitive. NeuralMetrics Chief Underwriting Officer, Chris Schrenk, foresees that amid emerging technology adoption, insurance organizations will increase their focus on developing criteria to review and evolve #generativeAI policies and standards to better address business and regulatory requirements. He also observes the expanding power of #AI in #underwriting in providing reliable data and insights for evaluating more complex commercial risks. Check out this and other industry trends in this great roundup by PC360's Elana Ashanti Jefferson: https://lnkd.in/gRMjPRcW

A shout-out to Rajive K. for highlighting Igloo in this e27 (Optimatic) article as an example of how AI presents opportunities to boost insurance penetration through personalised pricing. Using AI, we are able to increase insurance penetration in the region with our dynamic pricing model and real-time risk engine, offering competitive rates tailored to customers' risk profiles. This ensures affordability for low-risk individuals and businesses while maintaining adequate coverage for high-risk ones.

Discover the Power of Generative AI in Insurance! Cutting-edge Gen AI is transforming how insurance professionals interact with business solutions. It enhances productivity, drives operational efficiencies, and provides precision and improved user experiences. New hires can quickly perform their jobs with confidence and ease. Join a panel of industry innovators, including Microsoft's Sandeep Mangaraj, as they discuss the potential and power of GenAI. Learn why a robust data and analytics strategy and next-gen architecture are crucial for the effective use of GenAI. Instead of hearing about the hype, discover what the biggest insurers are actually doing to accelerate GenAI's powerful potential across core solutions. Watch the Insurtech Insights panel: https://lnkd.in/eww-Bhr6 #insurance #insurtechinsights #msftadvocate #genAI

Exploring the transformative power of AI in revolutionizing both the customer and employee journey within the insurance value chain. Let's dive into the future of insurance together. #itieu24