Moving from Theory to Practice in Disruption

Credit Karma Unveils New Auto Insurance Solution at ITC 2018

An ongoing theme at InsureTech Connect 2018 (ITC18) was finding a customer need and delivering a customer-based solution.  ITC18 went beyond mere discussion from the outset as attendees of Credit Karma founder and CEO Kenneth Lin’s keynote “Karma in Insurance” discovered.  Lin illustrated how today’s insurance world is being disrupted by innovative players on the borders of the industry, leveraging…

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Current State and Future of InsurTech in France

InsurTech Radar 2018

Recent years have seen a major rise in InsurTech investments across the world, and France is no exception. In fact, a large share of these investments comes from insurance and reinsurance players, underlining their belief in an inevitable and necessary transformation of the industry as we know it. In this context, Oliver Wyman and Policen Direkt developed the InsurTech Radar to better navigate through the growing number of InsurTech models…

From the CEO Seat at ITC 2018: Dan Glaser

MMC President & CEO on technology and change across the insurance industry

In a wide-ranging conversation with Lisa Pollina, Senior Advisory Board member at Oliver Wyman, Dan Glaser, President & CEO of Marsh and McLennan Companies discussed the role insurance will play in the future as well as how new technologies like artificial intelligence and machine learning may reshape the industry.   Glaser brought the CEO perspective to discussions on how the insurance…

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Oliver Wyman ITC 2018 Interview: Luke Bronin

The Mayor of Hartford, CT on fostering insurance innovation

Hartford, Connecticut has a big insurance industry and its mayor Luke Bronin wants to keep it that way. That’s why he is attending Insurtech Connect 2018. “We’ve been home to many insurance companies for over a hundred years,” he said. Bronin is looking to connect with executives from big insurance companies, of course. But he and his colleagues, like Michelle…

Five Emerging Themes From ITC 2018

InsureTech Connect 2018 Presented by Oliver Wyman brought together over 5,500 leaders from startups, incumbents, investors, regulators and more. With participants representing 55 countries ITC has quickly become the world’s largest insurance industry gathering and the most efficient way to connect with the people who are changing the industry. This year we witnessed a groundswell of pre-conference activity, with Day…

Oliver Wyman ITC 2018 Interview: Max Drucker

The CEO of Carpe Data data on innovation in underwriting, claims, and pricing

Join Oliver Wyman’s Paul Ricard at ITC 2018 as he catches up with Max Drucker, CEO of Carpe Data, an emerging alternative data company serving only insurers. Where can underwriters and claims groups go with data? Drucker observes that these groups are now working directly with providers like Carpe Data, instead of going through ITS as they might have previously.…

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Marsh at ITC 2018: Moving Beyond Legacy

John Drzik on understanding where to use insurtech as a business accelerant

In the second content discussion at ITC 2018 to feature contributions from Marsh, John Drzik, President Global Risk and Digital, presented the broker point of view in a lively discussion of where legacy processes and systems fit into the fast-changing world of insurtech. The conversation began with the general observation that we’re living in an “insurtech moment” with a dizzying…

Marsh at ITC 2018: Building Trust with Blockchain

Making distributed ledger technology in insurance a reality

Marsh, our MMC sister company and a global leader in insurance broking and risk management, was fully engaged in Day 1 at ITC 2018 last week with participation on two key panels in the first afternoon of content discussions. The first of these panels, “Blockchain:  Building Trust in Insurance by IBM” featured Sastry Durvasula, Chief Digital Officer and Chief Data…

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Oliver Wyman at ITC 2018: Day 2 Wrap Up

Momentum maintained

Day 2 of InsureTech Connect 2018 saw continued energy and engagement among the nearly 6,000 participants across a range of topics that explored the intersection of technology and risk. The quality of the discourse remained focused and high. Starting with plenary sessions that included MMC President & CEO Dan Glaser’s perspectives on the future of the insurance industry during tumultuous…