Five takeaways from InsureTech Connect 2022
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 customers’ comf