Insurance coverage Information: 2023 in assessment | Insurance coverage Weblog

As we bid farewell to 2023 on this remaining Insurance coverage Information Evaluation of the 12 months, we’re blissful to welcome Cory McAnelly, Assistant Vice President of Enterprise Innovation Technique at Principal, to hitch as we delve into what made the headlines this 12 months.

We begin with a recurring theme: generative AI. Cory brings his perspective on the place he sees the innovation occurring with this know-how within the startup ecosystem and, as a former mental property lawyer for Principal, among the extra attention-grabbing authorized questions these improvements are elevating.

2023 marked the hottest 12 months on report, and insurers are grappling with the unpredictability of claims as a result of catastrophic occasions linked to local weather change. We discuss how the trade is adapting threat administration methods, contemplating protection limitations, new fashions, and investments in sustainability-focused corporations.

Journey is again—not simply as a result of holidays. We speak concerning the state of journey insurance coverage and alternatives to innovate to supply proactive and personalised protection. We additionally contact on the 12 months in crypto and the way insurers’ views on this and different metaverse-related subjects have advanced.

Lastly, what would the vacations be with out a few reindeer video games? Watch as Cory challenges his pal and mentor Bruce Hentschel, who joined us in November, to see who will get extra views.

Have a secure and blissful vacation season! We’ll see you in 2024.

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