Insurtech weekly: Insurance opportunities in commercial P&C

1️⃣ Opportunities in commercial P&C #InsurTech

Global commercial property and casualty (P&C) lines have delivered strong financial performance in recent years following the soft market of 2013 to 2018 (…) However, commercial carriers find themselves at an inflection point as they face a continuing cycle of economic uncertainties, including inflation, geopolitical headwinds, environmental challenges, and capital constraints.

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2️⃣ Back to basics on generative #AI

It’s not often we see technologies gain exponential adoption and attention in a very short time frame the same way OpenAI’s ChatGPT has since late 2022. ChatGPT is estimated to have reached 100 million users in just two months. It took Netflix 10 years to reach 100 million users; six and half years for Google Translate; roughly two and a half years for Instagram; and about nine months for TikTok.

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3️⃣ The state of DACH #FinTech

Germany, Austria and Switzerland, also referred to as the DACH region, have been proponents of fintech in Europe from the beginning, an early support that has enabled the region to establish one of the world’s most vibrant and dynamic fintech ecosystems. In 2021, fintech research and analytics firm Findexable named Switzerland the fifth biggest fintech hub in the world, and Germany, the 9th largest.

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