As the wave of AI-backed technology drives waves of investment and excitement, the debate over insurtech’s role in the market is heating up. Are these firms solving the industry’s real challenges, or simply chasing hype and funding? Insurance Times puts the question to leading voices from the market.
One AI-powered MGA with hedge fund experience has created a model that allows it to accurately underwrite price protection insurance for raw materials
Following in the footsteps of machine learning implementations, operationalising artificial intelligence successfully will be the differentiating factor for firms in UKGI, says chief product officer
‘I’m proud of how we’re scaling responsibly, fuelled by innovation and our clear purpose,’ says chief executive
’Our mission is to help insurers make more informed decisions on fraud faster which we do by offering reasoning behind why a document presents a risk of fraud to guide their investigation,’ says founder
’It is important to pat ourselves on the back for the massive progress market firms have made in recent years and the true innovation that is bubbling away in every corner of UKGI,’ says Insurance Times editor
’We believe there’s a significant opportunity for brokers to embrace embedded insurance as a means to differentiate themselves in the current landscape,’ says chief executive
‘We think about it as our engine, something that will grow faster and smarter, and be much more impactful,’ says product manager
‘We remain focused on supporting the insurance sector with market-leading solutions, while building the capabilities that will underpin our future growth,’ says chief executive
’If you have data science in your business and start to get under the skin of that, you can make big changes to your underwriting result,’ says chief executive
Asking SMEs to buy cyber insurance is ’like asking them to voluntarily buy a culture change’, says cyber chief executive
’Insurers and garages can play a vital role in helping customers understand the green options available,’ says managing director
In 2023 we launched our inaugural Insurtech 50 report, produced exclusively by Insurance Times and based on data provided by business management consultancy Oxbow Partners.
This report collates a portfolio of the 50 most innovative UKGI insurtechs that insurers and brokers should have on their partnership radar, based on specific criteria defined by Insurance Times to reflect the needs and interests of our readership.