PriyaPatel
TLDR:
Insurers are using tech tools like IoT to shape the insurance industry. Jared Kaplan of Indigo and Bob Pick of Tokio Marine discuss tech innovation in insurance on The Insuring Cyber Podcast.
Key Elements:
- Rapid pace of technological advancement shaping the insurance industry
- Jared Kaplan of Indigo and Bob Pick of Tokio Marine discuss tech innovation in insurance
- Importance of tech tools like IoT in shaping the industry
- Opportunities for insurers presented by the internet of things
There’s no question the rapid pace of technological advancement is shaping the insurance industry. Jared Kaplan, co-founder and CEO of InsurTech risk retention group, Indigo, joined The Insuring Cyber Podcast to discuss how tech innovation is shaping the medical professional liability insurance space. Later in the episode, Bob Pick, executive vice president and chief information officer at Tokio Marine North America and group deputy chief information technology officer for Tokio Marine Group, discussed the most recent technological developments he’s excited about in insurance and how the internet of things is presenting an important opportunity for insurers.
Full Article:
The insurance industry is evolving rapidly due to technological advancements. Insurers are leveraging tech tools like the internet of things (IoT) to shape their businesses and provide better services. Jared Kaplan, co-founder and CEO of InsurTech risk retention group, Indigo, and Bob Pick, executive vice president and chief information officer at Tokio Marine, recently discussed the importance of tech innovation in insurance on The Insuring Cyber Podcast.
Kaplan highlighted how tech innovation is making a significant impact on the medical professional liability insurance space. By utilizing advanced technologies, insurers can improve their underwriting processes, claims management, and overall customer experience. The adoption of IoT devices allows insurers to collect real-time data, leading to more personalized and efficient insurance solutions.
On the podcast, Pick shared his insights on the latest technological developments in insurance and emphasized the opportunities presented by IoT. He discussed how IoT devices, such as smart sensors and wearables, can help insurers gather valuable data to assess risks accurately and prevent potential losses. By embracing IoT and other tech tools, insurers can enhance their operations, increase profitability, and stay competitive in the evolving insurance landscape.
In conclusion, it is evident that tech tools and IoT are playing a crucial role in shaping the future of the insurance industry. Insurers must continue to innovate and adapt to new technologies to meet the changing needs of consumers and effectively manage risks. By staying ahead of technological trends, insurance companies can secure their future success in the digital age.
