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Business models

The CEO of Groundspeed on unlocking the power of data.

There were dozens of insurtech companies in the exposition hall at Las Vegas’s MGM Grand Hotel, the locale for the Insuretech Connect 2018 conference sponsored by Oliver Wyman. Many of these new companies had great ideas that could potentially disrupt and transform the insurance industry.

The future is closer than ever.

The future is closer than ever.Innovation in insurance has more often come from the property & casualty side (for example, telematics in auto insurance). Partly because of the nature of the products, and perhaps also because of the age of company systems, life insurance has been slower to change. But change is definitely afoot.

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.

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

The Mayor of Hartford, CT on fostering insurance innovation

The Mayor of Hartford, CT on fostering insurance innovationHartford, 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.

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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.

Out with the old, in with the new (products)?

Making distributed ledger technology in insurance a reality

Making distributed ledger technology in insurance a realityMarsh, 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.

Catching up with the Co-founder and CEO, InsureTech Connect

Oliver Wyman’s Prashanth Gangu sat down with InsureTech Connect CEO and co-founder Jay Weintraub as ITC 2018 got underway. With nearly 6,000 attendees from over 2000 companies, the event is a unique gathering of investors, tech entrepreneurs, and insurers. “There’s a magic that happens here,” Jay notes. “I believe it changes lives.”

Celebrating the OW alumni at ITC

With 200 presenters, more than 175 companies, and nearly 6,000 attendees from across the globe, InsureTech Connect is living up to its billing as the largest and most energized gathering of insurers, tech entrepreneurs, and investors. But for us at Oliver Wyman it’s a bit of a family reunion, too.

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