Insurtech 2.0: Faster, smarter, modernizing insurance industry with tech upgrades.

TLDR:

Key Points:

• “Insurtech 2.0” is an evolution rather than disruption in the insurance industry.
• Data management and AI are key components of Insurtech 2.0.

Insurtech 2.0 is a three-part series that explores the evolution of technology in the insurance industry. The concept of Insurtech 2.0 focuses on the gradual progress and development of technology rather than disruptive changes. AI is expected to play a crucial role in this evolution, but experts emphasize the importance of basing advancements in data management.

One key area of focus for Insurtech 2.0 is claims and underwriting functions. Experts believe that these areas offer the greatest potential for innovation and improvement through technological advances. By focusing on these core functions, Insurtech 2.0 aims to enhance customer experience and drive growth in the insurance industry.

Overall, Insurtech 2.0 represents a shift towards utilizing technology to improve traditional insurance processes and enhance overall efficiency and effectiveness within the industry.