InsureTech Connect Las Vegas is the world's largest insurtech event - offering unparalleled access to the most comprehensive and global gathering of tech entrepreneurs, investors, and insurance industry incumbents. Over the course of three days, the industry will convene to showcase new innovations, to learn how to increase productivity and reduce costs, and ultimately to enrich the lives of policyholders. The superlative networking, with tens of thousands of meetings, is one of the hallmarks of an ITC event.
Celent will be presenting a half day of unique and exciting panel discussions on Tuesday prior to the official event opening. It's free to any registrant of ITC. If you haven't already registered, we’ve got some great discounts available. If you work at a carrier we can offer a price of $1295. If you are a founder of an insuretech, we can offer a price of $995. If you work for another kind of organization, we can offer you $200 off the list price. Reach out to Karlyn Carnahan (kcarnahan@celent.com) to find out more.
During this half day workshop session Celent will moderate an afternoon of insightful panel discussions which will provide optics into key areas of trending interest in today’s Insurtech space. We will focus on the state of insurtechs, the use of automation for life insurance underwriting, the growing role of OEMs in auto insurance, the convergence of comparative raters and market places and the rise of digital agents; and of course, generative AI. It is certain to be an informative afternoon with an awesome group of panelists for each session sharing their current thoughts and vision for future. Meet thought leaders and leave with deep insight into the forces shaping the industry. Understand the competitive landscape and the mindset of entrepreneurs and incumbents alike!
You can register for our session here! There is no charge to attend.
https://vegas.insuretechconnect.com/celent-tech-connect/
Our afternoon session agenda:
October 31, 2023
1:00 – 1:45 - Examining the InsurTech Landscape: Assessing Today and Forecasting Tomorrow
Over the past 18 months, the InsurTech landscape has experienced significant transformation. As the sector matures, it encounters growing pains, underscoring the importance of comprehending the factors influencing the current environment. With change comes opportunity. This session will delve into the driving forces behind these developments and assess their potential impact. By analyzing the InsurTech landscape from the vantage point of investors financing these innovative ventures, we will offer a valuable perspective on the industry's ongoing evolution.
Moderator:
- Andrew Schwartz, Analyst
Panelists:
- Brandon Baron, Vice President, Hudson Structured Capital Management Ltd
- Galen Shaffer, Vice President, Eos Venture Partners
1:50 – 2:35-Will Insurers be Connected to Connected Cars?
The landscape of personal auto insurance is rapidly changing. Manufacturers are entering the fray, with structural advantages based on access via cellular modems to telematics and other vehicle-generated data. Insurers have to scramble for re-engineer their own value propositions and decide on the strategic alternatives of competition or coopetition. We’ll talk with leaders in this space to understand their perspective on this rapidly changing space.
Moderator:
- Donald Light, Director
Panelists:
- Ryan Lockwood – Senior Manager Data Platform, Connected Analytics Services (A Toyota Business)
- Ben Bowne, Senior Vice President - Business Development & Partnerships, Cambridge Mobile Telematics
- Andrew Agustin – Senior Product Manager, Arity
2:45 – 3:30-Navigating the Quote Maze
Increasingly, agents are being asked to obtain multiple quotes on policies—even those with low premiums. But with small premium policies, it is difficult for agents to maintain margins if they spend too much time in the quoting process.Comparative raters are ubiquitous for personal lines and emerging in the small commercial world.Platforms, exchanges, and marketplaces are increasingly gaining users as well as they typically include a wide variety of other workflow and marketing tools, allowing the agent to take the quote through the binding process and often allowing them to access markets that they otherwise may not be able to access. But with a growing number of options, how should agents andinsurers think through a decision about which products to participate in? We’ll chat with a carrier, an agent, and technology ecosystem partners to get a sense of where this space is going and how agents and carriers should think about their decisions of where to play.
Moderator:
- Nathan Golia, Senior Analyst
Panelists:
- Adam Phillips, AAI–Director, National Product and Placement for Business Insurance,Marsh McLennan Agency LLC
- Jennifer (JC) Carroll – CEO, Veruna
- Matt Zimmerman, Associate Vice President of Commercial Experience & Distribution Support, Nationwide
- Sherrie Clevenger, Senior Director of Product Management, Zywave
3:35 – 4:20 -Underwriting Life in an Insurtech World
The pandemic forced a tectonic shift in one major functional area in life insurers: Underwriting. Between the lack of access to prospective insurers, the shortage of available parameds, and general unease, insurers needed to react and change their underwriting operating model. They did that with technology. The implementation of automated underwriting systems has been occurring for years, but the world of insurtechs has enriched the process. Whether it is access to new forms of data, the implementation of advanced AI, or a better understanding of the necessary evaluation techniques, life insurers will never go back. In this session, we will have an open discussion with key leaders in insurance companies and vendors. Join the session and learn from your peers what they are doing to leapfrog the competition and how they are using insurtechs to continue to streamline their underwriting processes. Learn from the insurtechs what they are doing to make it all happen.
Moderator:
- Karen Monks, Principal Analyst
Panelists:
- Daniel Hermansson, AVP Corporate Strategy, Pacific Life
- Jim Collins, TruStage, Senior IT Manager - Life & AD&D New Business, Underwriting, and Distribution
- Brett Laker, Head of North America , UnderwriteMe
- Kelly Davis, Senior AVP, New Business and Underwriting Innovation, EXL
4:25 – 5:00-GPT and other LLMs, Do They Have the Right Answers for You?
The release of OpenAI’s large language model (LLM) ChatGPT in Nov 2022 opened the world’s eyes to the power of AI deep learning models. As insurers and other organizations continue to discover the benefits of AI systems in general, the use of LLMs will increase in utilization across industries globally. As LLM’s and AI systems evolve and become more advanced, they will ultimately lead to new and innovative solutions. In insurance, the LLM evolution will likely come at a significant and continuous rate of change. The integration of LLMs with other technologies such as voice, image, augmented and virtual reality will create new and innovative use cases in insurance. Join us as we discuss the future of GPT and other LLMs and how they will be influenced by technological advancement, regulators, and risk considerations.
Moderator:
- Keith Raymond, Principal Analyst
Panelists:
- Harkaran Singh, Digital Transformation Leader, Worldwide Insurance Industry & Partner Solution, Microsoft
- Bruce Broussard, Co-founder and Managing Partner, Percipience
- Joseph Ours, AI Strategy & Director Modern Software Development, Centric Consulting