“Not all tech is InsurTech”

October 30, 2023

Illuminem.com

https://illuminem.com/illuminemvoices/not-all-tech-is-insurtech

My Op-Ed for illuminem, originally published by the Chartered Insurance Institute Journal.

Allow me to start with this post by eminent ethics professor and author Guido Palazzo: https://lnkd.in/dxcbEJPw.

“A Swiss startup that developed a software solution that helps to increase honesty in business transactions accuses Zurich Insurance to have stolen their idea and obviously they can provide the evidence”.

If this story had broken a couple of weeks ahead – it would have given a twist to my tale. Even though this does not have a US origin. My focus being some assorted tech related stories from several covered by American media – during past 3 months – demonstrate how technology interfaces with diverse aspects of daily life. And insurance in turn intersects with them.

The implications go far beyond world of insurance. While InsurTech draws much attention, there is so much else that also merits it if we must expeditiously address the bigger world of #ESG.

Needless to mention that all forms of interface demand heightened #stewardship from insurers. Be that as carriers, risk managers or investors.