Cyed Tanzeel Haider

  As mobility evolves, forward-thinking European motor insurers can update their business approaches to serve climate-conscious, tech-savvy customers. July 21, 2022 For decades, population growth and rising per capita income in Europe were accompanied by an increase in the number of vehicles purchased and kilometers driven. But mobility is at a turning point. The fight against climate change has changed all mobility-related industries—including the insurance market. And as customers become more aware of new technologies, such as autonomous driving and connectivity, both the automotive industry and motor insurers will need to change their product offerings and ways of working. These changes bring challenges to the insurance industry, but they also bring new opportunities. The traffic turnaround In 2021, European policymakers significantly enhanced their efforts to reduce transportation emissions. In accordance with the European Green Deal, companies have committed to cutting C...

  InsureTech Connect 2022 highlighted that technology-driven innovation and a greater investor focus on profitability could improve the insurance industry in the near term. October 12, 2022 Fully in person for the first time since the COVID-19 pandemic began, more than 8,000 insurance carriers, distributors, investors, and insurtechs gathered in Las Vegas for InsureTech Connect 2022 (ITC 2022). Despite the hit that certain insurtech valuations have taken in the past few months, the atmosphere at the event was buzzing. As we talked to participants, we noted five important takeaways that insurers and investors should keep in mind for the coming years: Data and AI are expanding beyond personal lines of property and casualty insurance but are slow to replace manual work . Last year, we noted  the expansion of property-intelligence solutions ; this year, it was again seemingly the most popular category among providers on the expo floor. The COVID-19 pandemic improved custom...