Your Daily InsurTech Briefing – 2024-05-11

May 11, 2024
1 min read

Let’s see what’s in the news today.

Should insurers invest in becoming an IT organisation?

As the world marches towards modernisation, industries across the board are facing the pressing question of how to adapt and stay relevant in an increasingly digital landscape. This shift is particularly pronounced in the insurance sector, where the demand for greater diversification of products and services is reshaping traditional business models. One of the key dilemmas facing insurers today is whether to invest heavily in transforming into full-fledged IT organisations or to concentrate solely on their core competency of crafting insurance products.

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Prudential to shut down Assurance, the insurance tech startup it acquired for $2.35B in 2019

Inside Assurance HQ in Seattle. (GeekWire File Photo / Taylor Soper) Insurance giant Prudential is shutting down Assurance IQ, five years after spending

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How Microsoft Copilot for Microsoft 365 is redefining insurance

Copilot for Microsoft 365 is a unique offering that integrates generative AI features into the Microsoft 365 applications that many employees use on a regular basis.

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AI in the Insurance Industry: The good, the bad and the unknown

Garret Gray, president of Global Insurance Solutions at CoreLogic discusses the role of artificial intelligence and its impact across the insurance ecosystem.

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Farmers Edge and Saskatchewan Municipal Hail Insurance Partner to Enhance Hail Business Intelligence with InsurTech Tools

WINNIPEG, Manitoba–(BUSINESS WIRE)–May 1, 2024–

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