Keynote: “The Future of Insurance is InsurTech”
– Matteo Carbone, Founder & Director, Connected Insurance Observatory
According to Matteo Carbone, insurance companies have to become “InsurTechs” in order to reach strategic objectives. He believe that we will see a completely changed insurance sector in the medium-term. But this may be more nuanced than many assume.
Digital transformation goes way beyond simply eliminating “the middle man.” The amplitude of the digital transformation happening in the insurance industry is widespread and encompasses all of the phases of the insurance value chain, from underwriting to claims. Every insurance sector player, whether it's a reinsurer, a carrier or an intermediary, ought to pose this question: how should the insurance value chain be reshaped by using the new technologies at hand?
In this session, Carbone will discuss his classification framework for InsurTech, including a new paradigm – connected insurance – which will yield 4 main benefits:
- Frequency of interaction;
- Bolstering the bottom line;
- Knowledge creation;
Carbone will include a review of outcomes from insurers involved in his recently formed Insurance Observatory.