Five Insurtech CEOs took to the main stage at ITC Vegas to field questions about embedded insurance, growth versus profitability, Insurtech 2.0, and more.
While nothing is perfect, the advent of Insurtech is freeing many brokers from mundane tasks and allowing them to focus on program gaps and other important considerations.
“A machine can build a bias without us knowing it. I mean, you feed it enough data, you can tell it to ignore racial profiles, but you never know how the machine does it.”
Swiss Re’s Andreas Berger says his company has placed a significant human resources investment in technology platforms that should make it easier for brokers and insureds to analyze risks.
On-board sensors, telematics and wearables present ample opportunity for carriers and their insureds to collect and put to good use loss-prevention data. However, the Holy Grail in this endeavor is sharing that data in a transparent, collaborative way.
During an hour-long webinar presented by the International Insurance Society, experts dive into how insurance can replace legacy systems with new claims technologies.