Weekly News Roundup – 16th June

Getting to grips with data and kickstarting a company-wide digital transformation journey are key to ensuring long-term profitable growth according to latest research from WTW. Feedback from nearly 50 syndicates indicated that investment in technological innovations, such as digital trading solutions have given forerunners a “6 point outperformance advantage” over their peers. In other news, Lemonade have been setting records this week with a 2 second claims payout but is it as impressive as it seems?

London market starting to see concrete returns from investment in digital transformation, states new WTW analysis (Source: Willis Towers Watson)
In an analysis of 49 syndicates it was shown that investors and innovators in digital transformation delivered an aggregated COR of 89% (vs 95% for those yet to embark on such a journey).

Lemonade sets world record with 2 second AI insurance claim payout (Source: youTalk insurance)
Insurtech Lemonade settled a stolen bike claim via their claims bot AI Jim in a record 2 seconds.

Insurance industry reacts to Lemonade’s two-second claim settlement with mixed responses (Source: Insurtech Insights)
Get the market reception to Lemonade’s claim news in this comment roundup.

The Friendly Hacker: In Conversation with Keren Elazari (Source: Modern Insurance Magazine)
Keren Elazari, a cyber security analyst, writer and speaker, discusses cyber threats, cyber resilience in the face of AI innovation, and the vulnerabilities of connected devices.

Latest News

Ready to take the next step?

Request a call back.

Let’s get the conversation started today.

Sign an NDA.

Take the first step in the next stage of your MGA business.