As insurers look to the subsequent horizon of growth with an inclusive and numerous method, there are a selection 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 talk about how a pre-scale insurer like Lemonade is planning to leapfrog its opponents by way of its latest acquisition of Metromile, a pay-per-mile automotive 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 expertise and internet zero targets.
We additionally talk about a few of the early methods we count on to see the metaverse impression 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 subject 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 talk about practices that insurers can implement to make sure inclusion and variety is promoted.