"New forms of insurance fueled by real-time, API-enabled technologies and data sources tied to insurers' core systems address the protection gap." The pace of innovation and breadth of collaboration across the #insurance industry is impressive. Thanks for the writeup, Laura Drabik, and the shoutout. "New forms of parametric insurance are key to bridging the growing chasm between insured and uninsured losses created by natural catastrophes and other perils... Technologies like Salient can be used as part of parametric offerings that provide automated, predetermined payouts tied to a predefined claims trigger." #forecastfurther
Innovating for Extraordinary in P&C Insurance | Insurtech Advisor | Executive | Board Member | Host @InsurTalk Podcast | Editor-in-Chief @DrabikDigest.com
The global protection gap hit 69%—up from 65% in just 12 months. Our latest Guidewire Software blog examines the implications of the widening P&C protection gap and why leveraging insurance ecosystems is mission-critical to narrowing it. https://lnkd.in/gsW935e8 👈 #insurtech #ecosystems Cambridge Mobile Telematics Octo Telematics True Flood Risk Pinpoint Predictive Bindable Mendix Hexaware Technologies EY One Inc Salient