Newfront’s Spike Lipkin: AI is the first technology to touch “advisory side” of insuranceAI is the first technology to influence the “advisory side” of insurance rather than just streamlining a process, and that the insurtech’s use of technology “really shines” in RFPs, Newfront CEO Spike Lipkin believes.
Tort reform is lacking, legal system abuse is pervasive as is third-party litigation funding. Because of this, umbrella and excess coverage is experiencing a frequency of severityWTW discusses the two-tiered US casualty market
Root CEO Timm: Tech advantage becoming clear with strong results in recent quarters TVRoot CEO Alex Timm has said the insurtech appreciates the recent recognition it has received for its performance among investors, and argued that the auto specialist’s technology advantage is starting to become more evident as it outperforms the industry.