Insurance News: The next horizon of expansion

As insurers look to the following horizon of growth with an inclusive and numerous strategy, there are a variety of alternatives influencing scale potential together with acquisitions, capital investments, the metaverse and the emergence of insurtech 2.0.

On this month’s Insurance coverage Information Evaluation, Joanne Laffan and I focus on how a pre-scale insurer like Lemonade is planning to leapfrog its rivals by its current acquisition of Metromile, a pay-per-mile automobile insurance coverage firm.

With the appearance of Ethereum Merge in an effort to fight the carbon-intense power consumption from blockchain in cryptocurrency, we focus on what it means for insurers’ capital investments as they’re attempting to remain on prime of each new know-how and web zero targets.

We additionally focus on a few of the early methods we anticipate to see the metaverse influence insurers’ operations and their buyer and worker experiences. Plus we give attention to the implications of so-called ‘insurtech 2.0’ which emerged as a sizzling matter of dialog at ITC 2024 in Las Vegas.

Lastly, after a brand new U.S. Home Committee report discovered there was little change in racial, ethnic and gender illustration amongst workers on the largest U.S. insurers between 2017 and 2021, we focus on practices that insurers can implement to make sure inclusion and variety is promoted.

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