Notable News From InsureTech Connect Conference

After three intense and exhausting days at InsureTech Connect last week, I’m a little conflicted. It was quite exciting. And there are many fascinating companies and ideas that are truly transforming our industry.

But then King Solomon’s words (from the Bible) come to mind — “There is nothing new under the sun.”

I don’t mean to express negative sentiment regarding the state of insurtech and innovation in insurance. Virtually everyone is talking about AI/machine learning.

Digital transformation is high on the list of activities and discussions. New options for distribution, the evolution of ecosystems and the continuing progress of the new era of computing are compelling topics. And the potential and progress of transformational technologies like the IoT, autonomous vehicles and wearables.

But I still wonder whether I saw anything fundamentally new at ITC or whether we are just seeing increasing maturity in the insurtech movement. There were a few announcements and companies that raised some eyebrows, to say the least.