قالب وردپرس درنا توس
Home / Insurance / Tech enables innovation in the insurance sector: Experts

Tech enables innovation in the insurance sector: Experts



NEW YORK – The technology has become a core element of the insurance sector and has gone from disruption to entrepreneurs, according to speakers at a New York event hosted by Willis Towers Watson PLC and Plug and Play LLC.

Andrew Johnston, global insurer of Willis Towers Watson in London, joined the company three years ago and "at that time we had no insurtech practice," he said.

He now has a group of about 30 employees who

"The technology has become part of the business William Seymour, Deputy Vice President, New York Professional Liability for Transatlantic Reinsurance Co. replied:" You must be. "[19659002] "Trans Re believes companies need to change to be relevant," he said, adding that the company is looking for start-up s that generate premiums. "

The technology is now different from the insurance sector," they said.

"I personally do not see (technology) as intrinsically disruptive," says Johnston. "I think it has the ability to strengthen disturbances, but I don't think the technology itself is disturbing."

"The theme of interruption, the story, is no longer there," said Seymour, but

Investments also continue in the sector and increase by $ 1

billion in the first quarter.

"I don't see this trend slow down anytime soon," Johnston said.

Values ​​have become "astronomical" in some ways, Seymour said.

                    


Source link