The fundamental challenge facing the insurance sector – to remain relevant, to insure climate risk, and to underpin the economy’s green transition – is about becoming more forward-looking for an industry used to checking its rear-view mirror.

The value of inclusivity was a recurring theme at ITC Vegas, as the insurance sector turns the power of technology towards enabling fairer outcomes for colleagues and customers.

Embracing transformative technology and moving towards a more inclusive future are closely interwoven processes.

Embedded insurance can transform distribution, but some aspects of traditional models will endure, speakers at ITC Vegas predicted.

The rise of subscription services and embedded insurance points towards changing distribution models for the insurance sector. However, intermediaries still dominate the sector, and commercial lines can’t be bought with a single click.

Customer centricity has become increasingly important for insurance and insurtech companies operating in Latin America.

Many companies have recognized the need to focus on the customer experience to differentiate themselves from competitors and retain their existing customers.

Why Data, Analytics, and Ethics are critical for success today.

The Alchemy Crew report, The Future of Commercial Sustainability: Closing the Digital Gap for Emerging Commercial Insurance Risks, looks at a vitally important concept for the insurance sector – commercial sustainability.

Embedded insurance can transform distribution, but some aspects of traditional models will endure, speakers at ITC Vegas predicted.

The rise of subscription services and embedded insurance points towards changing distribution models for the insurance sector. However, intermediaries still dominate the sector, and commercial lines can’t be bought with a single click.

InsureTech Connect (ITC) has announced today that serial entrepreneur and prolific angel investor Gary Vaynerchuk (aka “GaryVee”) will be a keynote speaker at ITC Vegas 2023 (October 31 – November 2, 2023), the world’s largest gathering of insurance innovation. 

The adoption of digital assets is revolutionizing day-to-day consumer lifestyles. While the commercial insurance industry may have experienced some challenges and initial hesitations towards blockchain technology, it is gradually embracing blockchain’s capabilities, opening the door to innovative solutions that can enhance services and provide customers with more efficient and secure insurance options.

In an increasingly digitized world, the rapid expansion of technology has brought plenty of opportunities but also challenges. Among these challenges, the escalating threat of cyberattacks stands out prominently. As organizations across the globe grapple with the complexities of safeguarding their digital assets, the role of cyber insurance has come to the forefront.