Insurance coverage Information: 2023 in overview | Insurance coverage Weblog – Cyber Information

As we bid farewell to 2023 on this ultimate Insurance coverage Information Evaluation of the yr, we’re completely satisfied to welcome Cory McAnelly, Assistant Vice President of Enterprise Innovation Technique at Principal, to hitch as we delve into what made the headlines this yr.

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

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

Journey is again—not simply as a result of holidays. We discuss concerning the state of journey insurance coverage and alternatives to innovate to offer proactive and personalised protection. We additionally contact on the yr in crypto and the way insurers’ views on this and different metaverse-related matters have advanced.

Lastly, 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 completely satisfied vacation season! We are going to see you in 2024.

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