As insurers look to the subsequent horizon of enlargement with an inclusive and numerous strategy, there are a variety of alternatives influencing scale potential together with acquisitions, capital investments, the metaverse and the emergence of insurtech 2.0.
On this month’s Insurance coverage Information Evaluation, Joanne Laffan and I talk about how a pre-scale insurer like Lemonade is planning to leapfrog its rivals by its recent acquisition of Metromile, a pay-per-mile automobile insurance coverage firm.
With the appearance of Ethereum Merge in an effort to fight the carbon-intense power consumption from blockchain in cryptocurrency, we talk about what it means for insurers’ capital investments as they’re making an attempt to remain on high of each new know-how and internet zero targets.
We additionally talk about a few of the early methods we anticipate to see the metaverse impact insurers’ operations and their buyer and worker experiences. Plus we give attention to the implications of so-called ‘insurtech 2.0’ which emerged as a hot topic of conversation at ITC 2022 in Las Vegas.
Lastly, after a brand new U.S. House Committee report discovered there was little change in racial, ethnic and gender illustration amongst workers on the largest U.S. insurers between 2017 and 2021, we talk about practices that insurers can implement to make sure inclusion and variety is promoted.