InsurTech weekly - Which technologies should you be tracking beyond artificial intelligence?

_{Getting the most of GenAI through human skills in insurance}

Who's afraid of GenAI? While experts predict substantial positive economic effects from the rise of generative artificial intelligence, public sentiment is not so optimistic. In our (Allianz) survey of over 6,000 people in Austria, France, Germany, Italy, Poland and Spain, 36% expressed concerns over the risks presented by AI, with 46% expecting AI to cut the number of jobs available (vs. 33% who expect AI to increase the number of jobs available).

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_{How AI might revamp the FinTech space?}

AI is now transforming finance. While 99% of companies are talking a good game, the very best are reducing costs, building new products, and changing how they work daily. (...) Now with Open AI’s o1, agents will become much more accessible. Every white collar job could hire 10 agents to help them. This piece explores how to think about GenAI in finance and how to win.

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_{Which technology trends matter most for enterprises?}

New analysis by the McKinsey Technology Council highlights the adoption, development, and industry effects of advanced technologies. Despite challenging overall market conditions in 2023, continuing investments in frontier technologies promise substantial future growth in enterprise adoption. (...) While the macroeconomic environment with elevated interest rates has affected equity capital investment and hiring, underlying indicators—including optimism, innovation, and longer-term talent needs—reflect a positive long-term trajectory in the 15 technology trends we analyzed.

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