Shifting Paradigms in Insurance Technology

Is the ‘Insurtech revolution’ over? Max Drucker, CEO of Carpe Data and I explore this and other questions on this week’s The Leadership in Insurance Podcast . 

We also discussed the refocus of Insurtech from revolution to measurable results using an evolutionary approach. 🎯Yes I’m talking about really understanding the ROI of insurance technology purchasing.

Insurtech is no longer about generic use of technology and AI but rather discrete solutions (often bought off the shelf) with specific use cases focused on incremental changes, created by those with insurance expertise:

🙋Think… taking two steps out of an underwriting process rather than changing the whole process.

➡️ Importance of discrete data sources properly prepared that enhance predictions and automate decision-making to enable carriers to make better decisions and manage risk rather than overwhelming them.

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