BizTrends 2020: 5 ways tech is changing insurance

TRAVYS WILKENS | January 7, 2020

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It's no secret that the insurance sector is conservative by nature and has largely been slow to embrace technology. In the past year, many of the large incumbents have been touting new 'digital' offerings to keep the insurtech challengers like Pineapple, Naked and Simply at bay. These small independent start-ups are harnessing technology like artificial intelligence and machine learning to disrupt the sector and easily grab consumer attention away from the traditional Goliaths of the sector. The world is changing. Risks are changing. The way we drive is changing. It therefore stands to reason that in order for insurance companies to survive, they have to innovate and build new ways of working, new products and new rewards to address these changes.

Spotlight

Insurance Thought Leadership

ITL’s mission is to serve as a catalyst for the insurance and risk management industry by providing a powerful platform to the smartest thought leaders with the best ideas. We help users understand the drivers transforming the industry. We connect members in ways that lead to innovation and drive that transformation. We accomplish our mission through: Community: Membership, networking, relationships Thought leadership: Publishing the best ideas, crating and amplifying them Events: Connecting people, sharing ideas face-to-face Market intelligence: Research and data Positioning: Branding, sponsorship, advisory services 350-plus organizations and more than 700 world class thought leaders are working with ITL. Those organizations include Google, Symantec, Andreessen/Horowitz, Deloitte, Accenture, EY, PwC, KPMG, Bain, IBM, Milliman, Capgemini, Guide wire, QBE, Zurich, The Hartford, Travellers, Pacific Life, Marsh, Aon, Willis, Sedgwick and numerous disruptive technology companies. Their ide

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Spotlight

Insurance Thought Leadership

ITL’s mission is to serve as a catalyst for the insurance and risk management industry by providing a powerful platform to the smartest thought leaders with the best ideas. We help users understand the drivers transforming the industry. We connect members in ways that lead to innovation and drive that transformation. We accomplish our mission through: Community: Membership, networking, relationships Thought leadership: Publishing the best ideas, crating and amplifying them Events: Connecting people, sharing ideas face-to-face Market intelligence: Research and data Positioning: Branding, sponsorship, advisory services 350-plus organizations and more than 700 world class thought leaders are working with ITL. Those organizations include Google, Symantec, Andreessen/Horowitz, Deloitte, Accenture, EY, PwC, KPMG, Bain, IBM, Milliman, Capgemini, Guide wire, QBE, Zurich, The Hartford, Travellers, Pacific Life, Marsh, Aon, Willis, Sedgwick and numerous disruptive technology companies. Their ide

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