The Leadership in Insurance Podcast - Insurtech & Innovation
Improved outcomes and driving automation, An Interview with Max Drucker, CEO, Carpe Data
Sep 9, 2024
Max Drucker, CEO of Carpe Data, is a leader in the Insurtech space focusing on measurable results. He discusses the evolution of Insurtech away from grand innovations to practical solutions, emphasizing the importance of discrete data sources for better decision-making. Max highlights how automation can combat workforce challenges while preserving jobs. He also addresses the transition from legacy systems to modern platforms, advocating for more straightforward insurance solutions and a culture of continuous improvement in the industry.
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Quick takeaways
- Insurtech is shifting from broad innovations to defined solutions that demonstrate clear ROI, focusing on measurable results and specific use cases.
- Automation and data-driven insights are essential for enhancing efficiency and decision-making in insurance, especially as the workforce faces potential shortages.
Deep dives
The Importance of Long-Term Sustainability in Insurance
Insurance companies must prioritize sustainability for long-term success. This involves understanding the evolving landscape of the industry and adopting practices that ensure resilience. As the marketplace shifts from initial innovations to scalable solutions, it's crucial for companies to master the art of intent—knowing not just the 'what' but the 'why' behind their strategies. By focusing on sustainable practices, companies can better meet customer needs and adapt to future challenges.
