Welcome to our fifth edition of Four For the Week (44TW)! This week we’ll be looking at the world of insureTech investing through an article from Dig-IN, tracking trends in the industry with WNS, diving into resiliency through automation with EdgeVerve, and sharing some general tips on hurricane preparedness.
1) Dig-IN – The Next Big Wave of Insure Tech Ideas
Technology & Connectedness
Denis Connolly, VP, Corporate Development
Nathan Golia, Editor In Chief, Dig-IN Source media shares an interesting perspective on what may be happening below the surface of Insure Tech Investments. Either way, the combined forces of; 1) Current investment declines 2) Insurer and employer’s needs for customer and employee safety along with 3) Greater touchless and digital consumer adoption will certainly bring into focus the future opportunities for Insurtech. These elements can actually benefit Insurtech to insurer adoption where remote functionality becomes a key to success.
2) Top Five Emerging Trends in the Insurance Industry
What’s Now & Next
Claimatic Team
Increased commoditization of insurance products, changing customer expectations, reduced time-to-market for new products and services, and changing regulatory environment are posing new challenges for insurance players. The global insurance market is experiencing a transformation to ‘digital-first’ business models that can unlock new value worth billions of dollars. With an increasing focus on personalized premiums and usage-based coverage, insurers are leveraging Internet of Things, advanced analytics and machine learning to develop more granular individual risk profile. Collaboration between traditional insurance and InsurTech firms will give rise to newer models and revenue streams, higher profitability and reduced operational costs.

3) Automation delivering business resilience | British Telecom Case Study
Technology & Connectedness
Denis Connolly, VP, Corporate Development
EdgeVerve along with their customer, British Telecom, and partner, Infosys BPM, share how Automation can help ensure business continuity and build immunity towards future crises. Get to know interesting insights on how British Telecom navigated the impact of this current crisis by implementing powerful Automation solutions at speed.
4) National Hurricane Preparedness
Claimatic Team
Be ready for hurricane season. Today you can determine your personal hurricane risk, find out if you live in a hurricane evacuation zone, and review/update insurance policies. You can also make a list of items to replenish hurricane emergency supplies and start thinking about how you will prepare your home for the coming hurricane season. If you live in hurricane-prone areas, you are encouraged to complete these simple preparations before hurricane season begins on June 1.

