I assist clients who are interested in Claims & Risk Management as the Business Development Manager for Terra, a cloud-native risk management information system and Claims and Policy solution!
A Look into the Future Insurtech Trends for Claims Management in 2024 This article delves into the significant trends within the industry and provides key insights that will characterize the Insurtech landscape
Check out all three parts of the discussion with Pravina Ladva, Swiss Re's Chief Digital & Technology Officer, and Sabine VanderLinden, Managing Partner & CEO Alchemy Crew, inspired by the Swiss Re Institute's latest research on the Economics of Digitalisation in #Insurance. Feel their genuine enthusiasm for tackeling the industry's #digital challenges, paving the way for both business growth and societal benefits. https://ow.ly/OBPm50Q8Faj
Check out this article from Insurtech Insights detailing seven transformative trends reshaping our sector. In it, Paul Donnelly, EVP, EMEA highlights the growing need to address regulation at all levels as new threats develop alongside new opportunities. He sheds light on the evolving landscape and opportunities emerging for insurers, reinsurers, and insurtech firms alike. The future of insurance is evolving rapidly, and staying ahead of these trends is pivotal for success. Dive into the article to explore more about these developments and how they might impact our industry. https://okt.to/w23jmt #insurtech #innovation
On the Insurtech theme, we have the panel discussion on “Leveraging New Technologies in Claims”. This discussion will offer insight on: • How adapting to the evolving landscape and investing in new technologies can lead to better support to clients • With the rise of digital channels, how has this transformed how insurers interact with their customers? • Creating a seamless experience across all touchpoints How can a faster claims process lead to a better customer experience? • Aidan O'Neill, Chief Executive Officer, DOCOsoft • Rich Woodhams, Property Claims Manager, Dale Underwriting Partners • Kim Darrington, Senior Executive, Market Modernisation, International Underwriting Association of London (IUA) #LMC2023
Another belting report from Andrew Johnston, Freddie Scarratt, Irina Heckmeier and others on the state of the #InsurTech market for Q3 2023. Highlights include: · Global InsurTech funding increased 19.8% quarter on quarter, from $916.71 million in Q2’23 to $1.098 billion in Q3’23. · Early-stage InsurTech funding increased 24.7% quarter on quarter, from $216.05 million to $269.45 million. · Q3’23 saw average InsurTech deal sizes dip to a 6-year low. · Deal share for United States-based InsurTechs at the highest level since Q1’20. · 15.1% of all Q3’23 InsurTech deals were in the mid-stage expansion category, which is less than long-term InsurTech trends. · The majority of tech investments from (re)insurers were early-stage for the fifth consecutive quarter. Beyond the numbers though, I always enjoy reading Andrew's preface for his take on market developments - here's a particular gem from this report: "Where investors could be more judicious is in the way (and the financial structures via which) they offer capital to InsurTechs. To date, the vast majority of raises have been equity financing rather than debt...the reality, however is that InsurTech (in its broadest spectrum) has not produced the kinds of equity returns investors once hoped for... "...debt financing requires the repayment of loans, and depends on creditworthiness (if applicable), alongside the consistent ability to check company finances. For an InsurTech, the allure of equity vs debt is clear...however it removes some healthy opportunities to learn prudence if an InsurTech wants to be successful in our industry from day one." Do take some time to download and digest this latest report.
We are pleased to share the Q3 2023 Global InsurTech Report. The third quarter report provided us with some thought-provoking examples of what change looks like, for both InsurTechs and investors. We see painful truths, from lessons not learned during InsurTech phase one. However when learned, companies have been able to transition into phase two and play a critical role in preserving the value of reinsurance. View the full report: https://bit.ly/3SoH5R9
🚀 Excited to share our latest whitepaper, "Empowering Underwriters: Convergence of Human Experience and Technology"! This comprehensive guide explores the transformative impact of integrating cutting-edge technologies with the nuanced expertise of underwriting professionals. 🤖 From AI-driven analytics to intuitive digital platforms, discover how these advancements are enabling underwriters to make more informed decisions, enhance efficiency, and deliver unparalleled customer experiences. Whether you're an industry veteran or just curious about the future of insurance underwriting, this whitepaper is packed with valuable information to help you understand the dynamic interplay between tech innovation and human expertise. Download and read now. #Underwriting #InsuranceTech #DigitalTransformation #Innovation #FutureOfInsurance #Exavalu #humanexperience
Historical trends are out the window, competition is fierce, and technology is constantly evolving. Discover the top trends shaping insurance in 2024 and how leading carriers are keeping pace 👉 https://lnkd.in/es9hxE_V Featuring executive insights from Prudential Financial, Lincoln Financial Group, New York Life Insurance Company & Aflac on: ✔ Purposeful customer-centricity as a catalyst for growth ✔ Dismantling silos, technology and skillsets ✔ Balancing regulatory rigor with the need for speed ✔ Ecosystems and elevated expectations ✔ Insurtech and advancing AI Download the whitepaper now to proactively innovate your products and services, better meet customer needs, and position yourselves as leaders of the industry 📈 https://lnkd.in/es9hxE_V
🔎 Insurtech—what does it mean, exactly? Let's take a closer look at how it comes into play and how it's different from insurers in this video. #InsurTech #SimplifyingInsurance
🔎 Insurtech—what does it mean, exactly? Let's take a closer look at how it comes into play and how it's different from insurers in this video. #InsurTech #SimplifyingInsurance
When we started Accelerant, we had a vision for what the industry needed. Today, those things set us apart. Transparent use of data and technology to enhance Member growth, 5-year capacity agreements, and our diversified, low-volatility risk portfolio. Together, these elements form the cornerstone of our mission to redefine the insurance landscape with fairness, transparency, and efficiency. Discover more about our unique approach at https://accelerant.ai/
There's mixed news from the global insurtech market according to the Gallagher Re and CB Insights latest Global InsurTech Report. Find the full report here: https://lnkd.in/ekBcGaa5 #InsurTech #DigitalTransformation #FutureofInsurance
