Weekly News Roundup – 26th March

There has been a lot of discussion around different technologies and the impact they may or may not have on the insurance ecosystem so this week I’ve pulled together some info around AI to provide some food for thought. What do carriers/brokers/MGAs need to do to make sure they are ready for the changes that are sure to come not only in their businesses but also of those of their clients? Read on for insight from a plethora of insurance gurus.

KPMG: AI adoption is accelerating in the pandemic (Source: Venture Beat)
According to KPMG AI technologies are being implemented 37% more than this time last year in the financial services industry.

The future of insurance – AI (Source: Insurtech Insights)
This panel discussion actually happened at an event last year but it was flagged again to me recently and I just had to share! Pina Albo, CEO at Hamilton Insures discusses why AI will not replace humans…yet.

Aon partners with insurtech startup for AI data underwriting (Source: Fintech Magazine)
The insurer has joined forces with Zesty.ai to “revolutionise underwriting”.

Insurance 2030: the impact of AI on the future of insurance (Source: McKinsey)
A detailed look into four AI trends shaping the insurance space and what impact these may have over the next decade.

Insurtech Impact 25 2021 (Source: Oxbow Partners)
Oxbow Partners annual report reveals this year’s 25 tech led businesses “well placed to have an impact on the industry and help insurers succeed in the ‘digital decade’.”

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