Freddie Scarratt, deputy global head, insurtech, Gallagher Re, said artificial intelligence accounted for 28% of 1Q 2024 funding, with AI deals being $2 million more than the average non-AI insurtech deal.
June 10, 2024
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Insurtech Insights Attendees: To Leverage AI, Insurers Must Address Foundational Aspects
Gallagher Re's Scarratt: AI Adoption for Pricing Curve Is Longer Than Anticipated
Munich Re Ventures' Sanders: Expect Transformative Next Two Years for Insurtech
Modern Life's Arenas: Advisors Are the Future of Life Insurance Distribution
Next's Jack Ramsey: Data-Driven Decisions, AI Shaping Future of Insurance
Inari's Perkins: Despite Economic Cycles, Opportunities Abound for Insurtechs
Indigo Aims to Capitalize on Post-COVID MPLI Market and Physician Shopping
WTW's Finnis: Underwriting Workbenches Help Insurers Navigate Complex Risks
Plymouth Rock's Martin: Insurers Should Connect With Customers Via Their Preferred Modes
Nationwide's Kempton: Distracted Driving a Concern as Peak Collision Period Approaches
Hippo's Piotrowski: Rising Rates, Shrinking Coverages Fueling Claims Anxiety
First Connect's Pinkovezky: Don't Underestimate the Independent Agent Channel
Ameritas' Wilkinson: Associates Need Training to Work Alongside AI
WTW's Doddington: Survey Shows High Ambitions, Slow Progress in Adopting Insurance Analytics
Bolttech's Schimek: Personalized, Embedded Insurance Is a Multi-Trillion Insurance Opportunity
CapSpecialty's Sills: Caution, Guardrails Crucial in Deploying Generative AI for Insurance