FOREWORD

Discover resilience in the insurance industry this September as we spotlight industry transformations , DORA and the effects of climate risk on insurtech

This month , we ' re riding a wave of optimism following Gallagher Re ' s Q2 2024 report . Global insurtech funding surged by 39 % quarter-on-quarter , reaching US $ 1.27bn – the highest level since early 2023 . This growth , coupled with increased investment in AI-centred insurtechs , signals a dynamic shift in the sector .

We highlight the contributions of Liselotte Munk to the industry , and her focus on growth through cloud-based solutions and digital transformation . Munk ' s approach balances technological innovation with customer-centric strategies , helping insurers adapt to an increasingly digital world .

Our coverage includes an examination of the Digital Operational Resilience Act ( DORA ) and its impact on operational excellence in underwriting . We feature insights from lawyer Richard Breavington and commentary from Dun & Bradstreet ' s VP of Insurance , James Harrison .

We also delve into the emerging trend of embedded insurance , exploring its place in various ecosystems and how it enhances customer experience by integrating insurance products into everyday goods and services .

Lastly , we address the critical issue of climate risk and our current insurance model . As climate-related disasters become increasingly prevalent , the insurance sector must adapt . The feature examines how insurtech is changing attitudes to risk assessment and claims processing , particularly through parametric insurance , and making sure that the industry can effectively respond to environmental challenges .

AMELIA MATTHEWSON

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