“We’ve only begun to scratch the surface,” Cedent Chairman and CEO Michael Coles said during a plenary session that he moderated on Tues., Oct. 3 during InsureTech Connect at Caesars Palace in Las Vegas, an event billed by organizers as “The largest and most global gathering of insurance innovators to come together under one roof.”
It follows that Coles, who interviewed Orbital Insight CEO James Crawford about the many ways that satellite imagery is impacting insurance, surmised that “Some 5,000 elevator pitches” would happen during InsureTech Connect 2017.
During another session, XL Catlin CEO Mike McGavick said that based on such issues as current customer experience and revenue shifts, the insurance industry still has significant work ahead to catch up to other industries that now define contemporary consumer culture.
In addition to the opening of an exhibition hall featuring hundreds of insurtech startups, Day Two sessions also included discussions about digital leadership in insurance, redefining the insurance value proposition, and how to build ‘the insurance company of the future.
Some companies used InsureTech Connect 2017 to announce new products and services.
A new company, Pie Insurance, officially launched during the event.
Celent also capitalized on InsureTech Connect to launch its latest report titled “Insurtech Accelerators: A Market Scan.” The report examines what the major areas of focus are for insurance accelerators and what insurance carriers should consider when evaluating accelerators.