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Riding The Waves Of Change

Although the pace of change varies by sector, it's coming and all will need to meet it

Fast or slow, change is coming to an industry that is unevenly prepared to meet it. This theme emerged from an idea-packed first day at InsureTech Connect 2017.  Meeting the challenges of innovations like drones, blockchain, AI, and increased use of APIs, was the key theme of the day, both from ITC 2017 Chairman Caribou Honig, who sees continued disruption in the sector, as well as Oliver Wyman’s Matt…

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Take The ITC Blockchain Challenge

The contest is contained in the attendee app for InsureTech Connect 2017

Oliver Wyman Labs has created the ITC Blockchain Challenge available within the attendee app for InsureTech Connect 2017. The challenge uses a private Etherium blockchain to allow ITC attendees to manage connections and check-in to locations and also enables them to learn about how blockchains work and the potential use cases in the insurance industry. At the end of every…

Honig Challenges Industry In InsureTech Connect 2017 Keynote

Kickoff shines spotlight on AI, blockchain, and key choices facing the industry

The insurance industry faces several tests over the next year, from blockchain moving beyond proof of concept, to artificial intelligence replacing the back office, to the insurance tech stack finally benefiting from APIs in the same manner as the rest of the financial services sector, QED Partners co-founder Caribou Honig told InsureTech Connect 2017 attendees in Tuesday’s keynote address. Sporting his signature fedora, Honig…

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InsureTech Connect 2017 To Trumpet Change And What’s Ahead

More than 50 workshops, panel discussions and fireside chats are on the agenda

  Attendees from more than 40 nations are expected to attend InsureTech Connect 2017 at Caesars Palace Hotel and Casino in Las Vegas from Oct. 2 to Oct 4, up considerably from the 30 represented last year. There will be more than 50 workshops, panel discussions, presentations and fireside chats over the three-day event. Among the CEOs participating in ITC2017…

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Caribou Honig, co-founder, QED Investors

ITC2017's keynote speaker sees 2018 as a year of delivery for some insurtechs

Caribou Honig founded Alexandria, Va., venture capital firm QED Investors in 2008 along with Nigel Morris and Frank Rotman. He is also the current chairman and a co-founder of InsureTech Connect, and will be the keynote speaker at October’s event in Las Vegas. Honig will be leaving QED by the end of the year for reasons that he discusses below.…

Welcome To Our Community Of Innovators

How Oliver Wyman InsurTech will chronicle a unique moment for the insurance industry

“InsurTech” is the term that captures the many and various facets of new uses of digital technology in the insurance industry. Oliver Wyman InsurTech will help diffuse these digital advancements and aid industry leaders to navigate this changing world. This is a unique moment for the insurance industry, a feeling that hangs heavily in the air when one considers the…

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ZhongAn’s CFO John Bi Opens Up

The Chinese online insurer has announced plans to go public

China’s first online-only insurer, ZhongAn Online Property & Casualty Insurance Ltd., recently announced it would raise as much as $1.5 billion in an initial public offering. Oliver Wyman Partner Prashanth Gangu held an exclusive interview with John Bi, the Chief Financial Officer of ZhongAn, on the floor of the Las Vegas Convention Center during InsureTech Connect 2016.

Strong Competition Also Brings Significant Opportunities for InsurTechs

The first true insurance disruptors could emerge from the proposition space

The proposition part of the InsurTech value chain contain businesses that offer innovative insurance-based products and services, either on a stand-alone basis or as part of a broader offering. In their global report, InsurTech Caught On the Radar, Oliver Wyman and Policen Direckt identifies six business model categories—low-cost, situational, community-based, “from insured to protected,” risk partner and digitized risks—in the…

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What InsurTech Growth Can Tell Us About The Insurance Industry

The new business scored loss ratio highlights the need for better information

Like spies, insurers seek to make informed estimates about things that are normally hidden—not espionage or Cold War battle plans, but the probabilities of insurable events: car accidents, ill health, living to 95 years of age, being burgled, and so on. And just like spies, insurers are finding that new information technology is making many of their traditional methods of discovery…

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The Intersection Of Innovation And InsurTech

Oliver Wyman’s Matt Leonard talks InsurTech with AIG CEO Brian Duperreault

Brian Duperreault, a former Marsh & McLennan Companies chief who is now President, CEO, and Director of AIG, shares his insights on InsurTech in a discussion with Oliver Wyman’s Matt Leonard at the InsurTech Connect 2016 conference.