MentorMate’s Post

We're thrilled to be returning to InsureTech Connect Vegas! Make sure to visit us at booth 1750, where we'll be unveiling something truly groundbreaking for insurers. Through our conversations with insurers over the past year, it's clear they're ready to move beyond solutions that only focus on data extraction. While that's a critical part of their digital transformation, it’s not the whole story. They’re ready to step into the decision era. What insurers need now are solutions that empower them to make fast, accurate decisions across the policy lifecycle, helping answer critical questions like: Should I quote this risk? Should I adjudicate this claim? Should I prioritize this policy? Be sure to stop by booth 1750 as well as join our networking session to learn how Indico Data is helping insurers enter the Decision Era.

AI and LLMs are driving significant advancements in the insurance industry, streamlining processes and enhancing capabilities. Elizabeth Blosfield, Deputy Editor of Carrier Management, talks with Arvind Kaushal and Jacqueline Schaendorf, CPCU of Cogitate about what they're seeing in the industry. Interested in attending or speaking at Carrier Management's virtual InsurTech Summit in 2025? Register now at theinsurtechsummit.com! #InsurTechConnect #AIinInsurance

We were excited to be able to share a glimpse of the new platforms and allow the market to see how different they are from the green screens and user experience we’ve been used to. #digitaltransformation #digitalinsurance #blueprint2

Exciting news! 🚀 Insurants will be at #ITCVegas! Find us at booth #2776, right next to the Broker Zone. We’re all about Enabling Frictionless Information Exchange in Commercial Insurance. Stop by for insightful conversations, innovative solutions, and to learn how we’re shaping the future of insurance. Looking forward to connecting! 🤝 #InsurTech #ITC2024 #InsuranceInnovation #AI #GenAI #CommercialInsurance

Last week, I was privileged to share the stage with Ari Libarikian, Senior Partner and Global Leader of the Insurance Practice at McKinsey at Insurtech Connect 2024, the world’s largest gathering of insurance leaders and innovators.   During our session, Ari and I discussed how the unprecedented innovation that is occurring within insurance, driven by the combination of sweeping technological innovation and a dynamic and rapidly transforming risk landscape. Below are several of the themes that Ari and I discussed:   · As we’re all experiencing in our day to day lives, we’re living in a dramatically changed world… Economic uncertainty, political tensions, war, technology disruption and AI, the global energy transition, information traveling faster than ever before. The risk landscape has not only transformed, but it is in a constant state of evolution.    · Risks are evolving faster today than in the past, and there is even more interconnectivity in our societies and economies – so the impacts of risk run broader and deeper, with increased complexity.   Against this backdrop, innovation is needed and can take on multiple forms:   · Introducing entirely new products and capabilities. For AXIS, this includes our recently launched Wholesale Cyber, Inland Marine, and Life Sciences units.   · Creating customized products and solutions that are tailored directly to meet the needs of our customers. Offering bespoke solutions is core to being a specialty underwriting leader – a source of pride and differentiation for AXIS.   · Investing in new technologies and capabilities that enable us to bring solutions faster to the marketplace.   There is a great deal of positive and needed transformation happening throughout the insurance industry. At AXIS we are elevating all aspects of how we operate and go to market through our “How We Work” transformation program. This includes:   · Increasing our investment into converting that data into structures that will allow for advanced insights, to guide our pricing and portfolio strategies, mitigate losses, and increase returns.    · Becoming an increasingly AI-enabled specialty insurer. We see opportunity to leverage AI at every step of the underwriting process from submission and ingestion to quoting and renewals. This includes driving faster and more informed decision-making, improved internal connectivity and knowledge sharing, and ultimately an improved customer experience.   Thank you to Ari for our discussion, and for all the enriching and engaging conversations that we enjoyed last week with our industry friends and partners at ITC. We are together working to build a strong and vibrant future for our industry and the organizations, stakeholders, and communities that we support.

Will you be attending the AltaWorld Insurance Tech & Innovation Conference in Chicago next week? If so, you won't want to miss the opportunity to hear from Awais Farooq, CPCU, M.S Farooq, alongside fellow esteemed colleagues, as they discuss techniques for navigating the AI era. Drop a comment below if Awais will see you there on June 13th at 9 AM local time! 👇 #InsuranceTech #Insurtech #claimsmanagement

Thrilled to have been a part of this week’s Insuretech Connect Asia 2024! As an actuary, quality data is of paramount importance. Prioritising its relevance and reliability, while supplementing it with external sources and tailored methodologies, is key for insightful business outcomes. Our panel, "Smart Decisions: How to Leverage Data in Insurance Pricing," extensively explored the transformative power of data within our industry. Big thanks to my co-panellist, Thibault Imbert, and our adept moderator, Adèle Maillard, for facilitating such a wonderful discussion today. Together, we're charting a course towards a data-driven future in insurance! 🚀 #ITCAsia #Insuretech #DataDrivenInsight

Check out the latest issue of "INSIGHT", the Big "I" of Illinois monthly magazine for an in-depth look at the state of InsurTech, featuring insights from Chris Cline, Executive Director of the Big "I" Agents Council for Technology (ACT). Discover how technology is transforming the insurance industry and what the future holds for InsurTech. Don't miss out on this must-read article! https://hubs.la/Q02BXTwT0 #InsurTech #Technology #InsuranceIndustry #ConversationsMagazine #ACTChrisCline

We are thrilled to share that MAPTYCS® made it again to #InsurTech100, the annual list of 100 of the world’s most innovative solution providers shaping the future of the insurance industry. This year’s contest to make the InsurTech100 ranking was the most competitive to date with a comprehensive list of over 2,100 contenders presented by FinTech Global to a panel of industry experts and analysts. The chosen few were acknowledged for their ability to leverage technology, to either tackle a significant industry obstacle, or enhance efficiency across the insurance value chain. https://lnkd.in/gBE3Ppk Noah Ernest

Transform product launches and cut down on Day 2 issues! Discover how QMT TrueXML brings reliable, automated XML data validation to insurance carriers, enabling faster launches and enhanced data quality. https://bit.ly/3Z2jatZ #insurtech #insurancenews #digitaltransformation