February at The Fintech Times: Insurtech 2023

Insurance has a reputation for being stuck in its ways. For more than 50 years, the insurance system has not changed. In recent years, however, the rise of digital solutions and insurtech, catalyzed by the pandemic, has created a movement to challenge traditional insurance assumptions.

Manage legacy system migrations

Of course, 50 years of legacy systems cannot be eradicated overnight. So this month, we speak to industry experts to find out how they are managing these transitions. I am identifying the possibilities. But it also considers the perks of legacy systems that aren’t easily left behind.

Leverage AI, ML, and other technologies

There is no insurtech without technology. Our focus moves away from legacy systems to their replacements. This includes analyzing artificial intelligence (AI) and machine learning (ML) and how they are being used in the sector. This is in addition to other technologies.

partnership

It’s hard to find a success story that doesn’t have some kind of partnership. Partnerships are key for the fintech industry to continue to thrive. With that in mind, we reached out to the industry to find out about the most influential partnerships in InsurTech. .

customer engagement

“We live in a customer-driven world,” you hear a lot these days, and it’s true. Companies in any industry that don’t adjust to customer preferences are preparing to fail. As such, our final focus this month will be on customer engagement stories, including the impact of digitization and how insurtechs can improve customer engagement.

With success stories from across the industry highlighted, this will definitely be a month not to be missed!

  • Francis Bignell

    Francis is a journalist and leading correspondent in Latin America, with a Bachelor’s degree in Classical Civilizations and a professional interest in North and South America.

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