If you had the chance to read my colleague’s article on our trip the Silicon Valley earlier this year, you’ll know that the visionaries and innovators in this space have a keen interest in the insurance industry. During this trip, we learned about the Silicon Valley Insurance Accelerator (SVIA). An organization that connects the established insurance industry with the Valley’s network of innovative technology, InsurTech Startups, Venture firms and other global innovation hubs. The goal is to facilitate the flow of market, technology insights, and investment, ultimately accelerating innovation in the insurance industry.
They recently hosted the Insurance Disrupted Conference to talk about the next big wave disrupting InsurTech. We had the chance to hear about big data, analytics and AI from some seriously innovative companies including Lumiata, Banjo, XL Innovate and NAUTO. All players in the Insurtech space. Being part of a company that is both facilitating and embracing the changing world of insurance, this conference left me feeling energized and excited for what is to come. Which inspired me to share 3 things the insurance industry can learn from the SVIA Insurance Disrupted Conference.