Like any other new technological innovation in insurance, risktech and any related tools are meant to support risk professionals make better, more efficient decisions that are backed by data-analytics. (Photo: Denny Jacob)
(NEW YORK) — Risktech, a new subset of InsurTech, and how it will innovate and disrupt risk management was the talk of the town at the inaugural RIMS Risktech Forum 2019 on Dec. 9 in New York City.
As InsurTech was adopted throughout the industry, more carriers have data points with which to determine the wants and needs of their customers, where they were exposed to loss and much more. As more insurers deployed wearables, smart home sensors and artificial intelligence (AI), the data produced from these technologies showed how insurance could be disrupted and innovated.
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Denny Jacob
Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].
