TECHNOLOGY TRENDS VS. RISK MANAGEMENT: FUTURE OF INSURTECH SPEAKERS REVIEW EMERGING TRENDS

The way future of insurtech speakers tell it, the space stands as one of the hottest emerging segments propelling digital transformation within the $7 trillion insurance industry. At a recent innovations summit, over 30 leading future of insurtech speakers gathered across two days to present their visions for how insurance services, products, distribution and underwriting analytics might evolve by 2030.

The opening address came from the recently appointed Chief Innovation Officer of The Hartford. The future of insurtech speaker set an ambitious tone in announcing their new $500 million venture fund to accelerate development of autonomous analytics, on-demand microcoverage and blockchain fraud prevention use cases. He pointed to recent pilots showing AI already matches or exceeds loss prevention specialists and claims adjusters.

Nonetheless, a fellow future of insurtech speaker who is Co-Founder and CPO of Enlighten AI cautioned the audience when projecting AI advancement timelines: “While computing power grows exponentially, formulating the meticulously curated datasets required remains relatively linear work. We must consider that estimates by some future of insurtech speakers around unaided general artificial intelligence still remain over a decade away.”

She then described her own company’s successes tailoring ML models to narrowly solve specific underwriting accuracy challenges related todynamic usage-based coverage. Such domain focus mitigates overpromising while tackling serious problems today.

The afternoon featured a lively future of insurtech speaker panel moderated by InsurTech Magazine’s Editor-in-Chief on the future of insurance distribution. All four futurist future trends expert agreed that traditional agent models would persist to provide informed professional guidance while digital experience layers enable self-service convenience plus competitive market discovery. As one leading futurologist consultant noted, “The ability to seamlessly integrate granular microcoverage from myriad providers into a single intuitive platform gives customers the customization they crave while keeping humans in the loop.”

From AI ethics to blended distribution and parametric products, perspectives shared across these thought-leading future of insurtech speakers demonstrate the deep well of potential still largely untapped within one of the world’s largest industries. Exciting innovations lie ahead.