Reinvention and Scale - The Gen AI Factor | 2024: An Insurance Odyssey

We are joined by Unqork, a software company enhancing application security and scalability through a pooled knowledge approach similar to antivirus software. It covers challenges in AI adoption, regulatory compliance, and the crucial role of data lineage, offering insights into building adaptable and future-proof systems.

Panel Speakers:
- Gary Hoberman
, CEO & Founder -
Unqork
- Robin Merttens
, Chairman -
InsTech

After our sell-out half-day event in New York on the 14 March, we were back at Google but in a bigger space at their shiny new venue in St. John’s Terminal, NYC.

Despite the increased investments in technology over the past years, expense ratios and underwriting profits have remained at the same levels as they were a decade or two ago. Insurance has changed, but only incrementally – more evolution than revolution.

The industry is still a long way from realizing the full potential that technology can bring. A world that is highly automated, providing a broader range of highly customized products, priced and delivered better. But how do we get to that endgame – evolution, revolution or a bit of both?

You joined us in New York on June 4th – 2024: An Insurance Odyssey – the voyage from evolution to revolution.

In collaboration with Google Cloud, Aon, AdvantageGo, Unqork, and Indico Data, we explored the following:

-The potential benefits from re-imagining broker/carrier data exchange.
-Enterprise-ready AI capabilities matched to the industry’s needs.
-How technology and data ecosystems can streamline risk assessment and pricing.
-How the technology of today can deliver the underwriting world of tomorrow.

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00:00 Introduction
00:25 Understanding Unqork
02:40 The Role of AI in Enterprises
05:28 Challenges with Regulators and Compliance
07:54 Data, Data, Data
09:22 Final Advice for Insurers