This month, The Fintech Times turns its attention to insurtech. Join us as we explore the latest trends, developments, and predictions for the insurance sector.
Digital-first solutions and startups continue to impact the insurance sector. A space that has previously been marred by legacy technology and a slow-moving ecosystem is now leveraging emerging technologies to drive its digital transformation and deliver personalisation that consumers have been crying out for.
Unsurprisingly, artificial intelligence (AI) looks set to become the primary driver of this transformation. In fact, the Bank of England revealed that 95 per cent of insurance firms in the UK were already using the technology in 2024, surpassing both UK and international banks.
But could this rapid adoption of the tech pose challenges of its own? Throughout this month, we’ll be exploring a number of themes and questions with industry experts to explore what is happening right now in the insurance sector, and what the future could hold.
As we explore this theme, The Fintech Times will look into:
- The biggest tech trends in the insurance sector
- If the use of AI-driven claims automation poses any risks
- Whether any insurance firms risk relying too heavily on AI technology
- The features still lacking in the insurance sector
- How traditional insurers should react as an increasing number of companies embed insurance into their offerings
- How insurance firms can best prepare for the future
Stay tuned throughout June as we share these insurtech insights and more.
AI level 0 of 5: researched, written and edited by Tom Bleach without generative AI; only everyday tools such as spelling and grammar checkers were used. What the levels mean
