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Insurance News: 2023 in overview | Insurance Blog

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As we bid farewell to 2023 on this last Insurance News Analysis of the 12 months, we’re joyful to welcome Cory McAnelly, Assistant Vice President of Enterprise Innovation Strategy at Principal, to affix as we delve into what made the headlines this 12 months.

We begin with a recurring theme: generative AI. Cory brings his perspective on the place he sees the innovation taking place with this know-how within the startup ecosystem and, as a former mental property lawyer for Principal, among the extra fascinating authorized questions these improvements are elevating.

2023 marked the hottest year on record, and insurers are grappling with the unpredictability of claims as a result of catastrophic occasions linked to local weather change. We discuss how the trade is adapting danger administration methods, contemplating protection limitations, new fashions, and investments in sustainability-focused firms.

Travel is back—not simply because of the holidays. We speak concerning the state of journey insurance coverage and alternatives to innovate to offer proactive and personalised protection. We additionally contact on the year in crypto and the way insurers’ views on this and different metaverse-related subjects have developed.

Finally, what would the vacations be with out a few reindeer video games? Watch as Cory challenges his good friend and mentor Bruce Hentschel, who joined us in November, to see who will get extra views.

Have a secure and joyful vacation season! We will see you in 2024.

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