InsurTech Magazine January 2023 | Page 5

FOREWORD

CRYPTO AND CLIMATE CHANGE New trends for insurtech for 2023 include Defi insurance , telematics and climate monitoring technologies

“ It ’ s going to be a great year for insurtechs , with new products and services catering to customer demands , and super apps delivering a great experience ”

Technology and innovation are driving forward the insurtech industry . In 2023 , we expect to see myriad changes across lots of high-tech sectors continuing this theme .
For example , electric vehicles and telematics are revolutionising road safety and premium costs . Meanwhile , as changing weather patterns result in global crisis events , IoT-driven sensors are backed up by cutting-edge satellite technology assessing risks .
In crypto , new products using the parametric model are emerging , too , resulting in greater trust in a space that ’ s transforming the transactional markets .
It ’ s going to be a great year for insurtechs – with new products and services catering to customer demands , and super apps delivering a great experience .
We hope you enjoy this month ’ s issue . Happy New Year – and welcome to 2023 !
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