Chubb survey reveals rapid growth in embedded #Insurance adoption

#FinTech #FinServ #InsurTech

https://www.reinsurancene.ws/chubb-survey-reveals-rapid-growth-in-embedded-insurance-adoption/

Chubb’s North American Digital Consumer Division President Laura Bennet talks about the insurer’s digital approach to customer-centricity

#FinTech #FinServ #InsurTech #Insurance

https://fintechmagazine.com/articles/exclusive-video-laura-bennett-chubb

How NOT to be digital, #Insurance edition.

#FinTech #FinServ #InsurTech

The implications of intelligent finance and change management for the financial industry, with a particular focus on Ping An as a case study

#AI #ML #FinTech #FinServ #Insurance #InsurTech

https://www.nature.com/articles/s41599-023-01923-4

#Insurance #InsurTech: "Calling attention to the growing intersection between the insurance and technology sectors—or ‘insurtech’—this article is intended as a bat signal for the interdisciplinary fields that have spent recent decades studying the explosion of digitization, datafication, smartification, automation, and so on. Many of the dynamics that attract people to researching technology are exemplified, often in exaggerated ways, by emerging applications in insurance, an industry that has broad material effects. Based on in-depth mixed-methods research into insurance technology, I have identified a set of interlocking logics that underly this regime of actuarial governance in society: ubiquitous intermediation, continuous interaction, total integration, hyper-personalization, actuarial discrimination, and dynamic reaction. Together these logics describe how enduring ambitions and existing capabilities are motivating the future of how insurers engage with customers, data, time, and value. This article surveys each logic, laying out a techno-political framework for how to orient critical analysis of developments in insurtech and where to direct future research on this growing industry. Ultimately, my goal is to advance our understanding how insurance—a powerful institution that is fundamental to the operations of modern society—continues to change, and what dynamics and imperatives, whose desires and interests are steering that change. The stuff of insurance is far too important to be left to the insurance industry."

https://journals.sagepub.com/doi/10.1177/03063127231186437

Artificial Intelligence Meets Finance: These 2 Fintechs Are Shaping the Industry

#FinTech #FinServ #InsurTech #Banking #insurance #AI

https://www.fool.com/investing/2023/06/09/artificial-intelligence-meets-finance-these-2-fint/

Disrupting The #Insurance Industry: Prudential’s #Data And #AI Driven Transformation

#DigitalTransformation #FinTech #FinServ #InsurTech

https://www.forbes.com/sites/randybean/2023/06/05/disrupting-the-insurance-industry-prudentials-data-and-ai-driven-transformation/

USAA recently reported its first full loss for a year since 1923 and has laid off more employees

What’s going on?

#FinTech #FinServ #InsurTech #Banking #Insurance

https://www.tpr.org/news/2023-05-21/usaa-navigating-rough-financial-waters

Digitization on the horizon for #Insurance?

While the insurance industry is slowly catching up, the progress has been slower as they continue to rely on traditional, often paper-based processes

#FinTech #FinServ #InsurTech

https://bfsi.economictimes.indiatimes.com/news/insurance/digitization-on-the-horizon-for-insurance/99506628?utm_source=twitter_web&utm_medium=social&utm_campaign=socialsharebuttons

The car insurance industry has been around for a long time, but fintech has completely changed how companies in this field are doing business

#FinTech #FinServ #Insurance #InsurTech

https://www.finance-monthly.com/2023/04/why-fintech-is-revolutionising-the-car-insurance-industry/

Referenced link: https://twitter.com/i/web/status/1645780289384226816
Discuss on https://discu.eu/q/https://twitter.com/i/web/status/1645780289384226816

Originally posted by IoT For All / @iotforall: http://nitter.platypush.tech/iotforall/status/1645780289384226816#m

New Podcast! Watch here: https://www.youtube.com/watch
What is #Insurtech #IoT? And why do #insurance companies need it? @scottpford, CEO of @PepperIoTUSA, joins us on the IoT For All #podcast to discuss the role of IoT in insurance plus:
➡️ Benefits IoT brings to insurance
➡️ Consumer… https://twitter.com/i/web/status/1645780289384226816

8 in 10 #Insurance Financial Departments Rely on Spreadsheets as Legacy Tech Lingers

#InsurTech #FinTech #FinServ

https://thefintechtimes.com/8-in-10-insurance-financial-departments-rely-on-spreadsheets-as-legacy-tech-lingers/

Today my colleague Tom Mason and I begin our 4-part report series on the rise of cyber insurtech. Capitalizing on S&P Global's unique view of both technology and #insurance markets, we see #cyber #insurtech as an emerging segment that seeks to answer two key questions: For organizations, what makes for an “insurable” #cybersecurity posture – and how can they achieve it? For insurers, how can they take on what appears to be a promising market opportunity without incurring too much risk themselves? Cyber insurance offers domain expertise in security, emerging techniques in risk measurement, modeling and technology - and often, new and innovative coverage options - to answer these questions for insurers and businesses alike. The need for this segment is apparent in the graphic below: as loss risks have grown, insurers must have a clear understanding of how best to mitigate those risks, while organizations must have offerings that help guide them to a posture – and coverage solutions – that make the insurance option more accessible. In this first spotlight, we explore the drivers that have given rise to this space. In following reports, we look at the characteristics of emerging cyber insurtech players, what they’re looking for in cybersecurity posture, and recent events that are shaping the still-evolving cyber insurance opportunity. Subscribers can access the first report here: https://clients.451research.com/reportaction/202021/Toc

sn-news: #eu #space #eo #fintech #insurtech Space For Green Finance https://commercialisation.esa.int/2023/01/market-trend-space-for-green-finance/ 

RT @nextInsurance1
Our CEO, Guy Goldstein, shared his top four #insurtech priorities for 2023 with @ForbesFinanceCl, including the impact of #generativeAI and why innovation will be a key factor in supporting agents this year. Read the full piece here: https://bit.ly/3xr0eGr

Jetzt hat es die Versicherungsplattform Smart Insurtech erwischt: Nach einem Hackerangriff stehen aktuell einige Dienste nicht zur Verfügung. #hackerangriff #cybercrime #cyberattack #insurtech #cybersecurity #cyberattacke #smartinsurtech

https://www.procontra-online.de/panorama/artikel/cyber-kriminelle-attackieren-maklerdienstleister

European Union Insurance and Occupational Pensions Authority (EIOPA), Risk Dashboard January 2023, February 7, 2023

— Available here: https://www.eiopa.europa.eu/sites/default/files/financial_stability/risk_dashboard/january_2023_risk_dashboard.pdf

#insurtech #riskdashboard #creditrisk #marketrisk #liquidityrisk #riskmanagement #cyberrisk #cybersecurity #digitalization #financialstability #technologyrisk #operationalrisk #supervision #regulation #operationalresilience #insurance #EIOPA #EuropeanUnion #Europe

European Union Insurance and Occupational Pensions Authority (EIOPA), Risk Dashboard January 2023, February 7, 2023

— Available here: https://www.eiopa.europa.eu/sites/default/files/financial_stability/risk_dashboard/january_2023_risk_dashboard.pdf

#insurtech #riskdashboard #creditrisk #marketrisk #liquidityrisk #riskmanagement #cyberrisk #cybersecurity #digitalization #financialstability #technologyrisk #operationalrisk #supervision #regulation #operationalresilience #insurance #EIOPA #EuropeanUnion #Europe

Kudos to John Hancock for joining the 21st century. 👏

#Payments #PayTech #FinTech #FinServ #InsurTech #Insurance

Why we should care about the theft of $1

A leading number of today’s threats to financial institutions worldwide come not just from external threats, but from within

#FinTech #FinServ #Banking #CyberSecurity #InsurTech #Insurance

https://buff.ly/3HiUxiz #mst