InsurTech weekly - What is driving growth in P&C insurance

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1️⃣ Top trends in P&C InsurTech

Read Capgemini’s Property and Casualty Insurance Top Trends 2023 to get a glimpse of how P&C insurers will strategically prioritize digital transformation initiatives to strengthen their capabilities and navigate challenging macroeconomic volatility. Key actions will include focusing on customer centricity, prioritizing agile product innovation, embedding sustainability into corporate strategy, and building advanced digital capabilities to build a resilient, future-ready enterprise.

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2️⃣ Best practices corporates should consider to embrace generative AI

The release of ChatGPT in late 2022 created a groundswell of interest in generative AI. Within hours, users experimenting with this new technology had discovered and shared myriad productivity hacks. In the weeks and months since, organizations have scrambled to keep pace—and to defend against unforeseen complications. Some organizations have already adopted a more formal approach, creating dedicated teams to explore how generative AI can unlock hidden value and improve efficiency.

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3️⃣ What to learn from public FinTech

Roaring back from the fears of economic collapse at the beginning of COVID, digital distribution and servicing became a must-have for financial services disruptors and incumbents alike. Consumers, awash with cash, opened more accounts, explored new ways of investing, saving, and spending money, and trusted the digital provision of financial services more than ever before. Businesses invested for growth at unprecedented levels, creating a frenzied labor market, a record pace of new product development and a high mark in company burn.

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