InsurTech weekly - Focusing on the value technology can add

_{Not all InsurTech are equal}

InsurTech doesn't make sense... I mean, describing such a broad range of business models with a single word is insufficient. In the current environment where funding is down across industries, including InsurTech, I believe there is room for granularity in analyzing how insurance innovation and technology (i.e. InsurTech) has been doing.

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_{Which technologies really matter in insurance ?}

What innovations will transform insurance in 2024? Our Tech Trend Radar 2024 guides you through the innovations that really matter. Experts from Munich Re and ERGO joined forces to collect and assess the most relevant insurance technology trends for 2024. Made by insurers for insurers, the Tech Trend Radar 2024 aims to sharpen awareness, provoke discussion and initiate new business opportunities that appeal to all insurance clients.

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_{Generative AI starts to generate value}

If 2023 was the year the world discovered generative AI (gen AI), 2024 is the year organizations truly began using—and deriving business value from—this new technology. In the latest McKinsey Global Survey on AI, 65 percent of respondents report that their organizations are regularly using gen AI, nearly double the percentage from our previous survey just ten months ago. Respondents’ expectations for gen AI’s impact remain as high as they were last year, with three-quarters predicting that gen AI will lead to significant or disruptive change in their industries in the years ahead.

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