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Home Digital Transformation

Insuretech Connect 2019: Summit Trends, Efficiency in the Industry, and Digitization

by Jenna Sindle
October 1, 2019
in Digital Transformation, Insurance
Reading Time: 2 mins read
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Each year, insurance industry professionals gather at Insuretech Connect, the world’s largest insurance tech and digital summit. During the conference subject matter experts explored how the insurance industry is changing both in response and reaction to new technologies, such as cloud computing, machine learning, and AI, in addition to evolving customer needs.

What’s the theme of #ITC2019? @bold_penguin CEO Ilya Bodner shares on #ITCStudio: "It’s about moving from disruption to enablement." pic.twitter.com/u7ir24BuBT

— InsureTechConnect (@insuretechnow) September 24, 2019

To launch the summit, we heard from attendees, like IIya Bodner, on the different themes throughout the years. Past themes included concepts like disruption, full-stack, and APIs.

Throughout the summit, experts shed light on the newest trends in the industry including the usage of drones, which work to make the claims process more accurate.

Exciting day covering the role, landscape and evolution of drones in the #insurance industry.

Many thanks to @katesmith1018, @AMG8697 and Rebecca Harasymczuk for sharing their perspectives on the growth and future of #insurtech! #ITC2019 pic.twitter.com/Uy8V1H2Wgy

— Michael Park (@MichaelPark798) September 24, 2019

Pat Gee, SVP of Personal Insurance Claim at Travelers also touched on the claims process and the need to make it more efficient for customers.

Pat Gee, our SVP of Personal Insurance Claim talks at #ITC2019 about the ways in which we’ve made the claim process easier for our customers. @insuretechnow pic.twitter.com/hvNgBguyj3

— Travelers (@Travelers) September 25, 2019

Regarding the future of the insurance industry, Prudential weighed in on digitization and the fact that, “anything that can be digitized will be digitized” thanks to AI as told by Kara Swisher.

‘Anything that can be digitized will be digitized’ – tech trends impacting the insurance industry and world at large via @karaswisher at #ITC2019 pic.twitter.com/n34z8DCVQJ

— Jennifer McDermott (@JenMMcD) September 24, 2019

To view more tweets and keep the conversation going use #ITC2019.

Tags: claimsdigitizationdisruptioninsurance ecosystemInsurance Tech

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