As insurers look to the subsequent horizon of growth with an inclusive and various method, there are a variety of alternatives influencing scale potential together with acquisitions, capital investments, the metaverse and the emergence of insurtech 2.0.
In this month’s Insurance News Analysis, Joanne Laffan and I focus on how a pre-scale insurer like Lemonade is planning to leapfrog its rivals by way of its latest acquisition of Metromile, a pay-per-mile automobile insurance coverage firm.
With the arrival of Ethereum Merge in an effort to fight the carbon-intense vitality consumption from blockchain in cryptocurrency, we focus on what it means for insurers’ capital investments as they’re making an attempt to remain on prime of each new expertise and web zero targets.
We additionally focus on a number of the early methods we anticipate to see the metaverse influence 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 sizzling matter of dialog at ITC 2022 in Las Vegas.
Finally, 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 focus on practices that insurers can implement to make sure inclusion and variety is promoted.