InsurTech Magazine December 2023 | Page 5

“ AS NATURAL CATASTROPHES
( NATCATS ) SWEEP OUR CHANGING PLANET WITH FRIGHTENING
FREQUENCY , INSURERS NEED
NEW WAYS TO SPOT , ENUMERATE AND
PRICE RISK ”
FOREWORD

IS SATELLITE OBSERVATION DRIVING THE FUTURE OF P & C UNDERWRITING ? Natural catastrophes are sadly becoming ever more frequent . As industries grapple with our changing planet , we look at how P & C underwriting is being transformed by earth observation technologies

“ AS NATURAL CATASTROPHES
( NATCATS ) SWEEP OUR CHANGING PLANET WITH FRIGHTENING
FREQUENCY , INSURERS NEED
NEW WAYS TO SPOT , ENUMERATE AND
PRICE RISK ”
In this issue of InsurTech Digital , we look at how satellites are revolutionising underwriting for P & C insurers . As natural catastrophes ( natcats ) sweep our changing planet with frightening frequency , insurers need new ways to spot , enumerate and price risk . We ask industry experts how , and why , satellite imagery is the answer .
We ’ ll also look at the latest in consumer journeys . If one thing has always been true in insurance , it ’ s that no one looks forward to taking out coverage . Traditionally overburdened with cumbersome forms and pages of jargon to sift through , the customer journey is , historically , anything other than pleasant .
Today , things are changing . We look at how insurers are leveraging the latest in AI technology to automate customer experiences and streamline both policy and claims processes .
We ’ ll also delve into the work insurtechs are undertaking today to bolster data privacy and we ' ll look at the growing relationship between insurtechs and healthtechs .
And , you can stay across the latest from the world of insurtech over on our website . Just visit insurtechdigital . com .
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