The embedded insurance revolution
Lecture
Publication date:
11 October 2022
Last updated:
18 December 2023
Author(s):
Erik Johnson FCII, Active Underwriter, MIC Global Syndicate 5183, Michael Murphy, President & Chief Strategy Officer, InsureTek, Inc., Marc Spurling, Director of New Mobility Strategy, Aon Growth Ventures, Sara Ager, CEO, Greenkite Associates
In this Insurance Institute of London (IIL) cyber and technology webinar, participants learnt about embedded, subscription-based, and risk management as a service insurance from the different perspectives of an insurer, broker, regulatory expert, and IoT device provider.
With consumers and businesses becoming increasingly comfortable with subscription-based services (think Amazon Prime, Windows, mobile apps) combined with internet of things devices, the growth of embedded insurance, subscription-based insurance, and risk management as a service is accelerating.
This webinar provided attendees with an overview of the market, the types of products, and the regulatory challenges around this market.
Participants will come away with an understanding of how these innovative insurance products are developed, priced, distributed, and overseen; how claims are managed and closing off the lifecycle of the insurance journey.
Learning objectives:
- Understanding embedded, subscription-based and risk management as a service insurance products and market size
- Understanding the underwriting, pricing, and claims requirements
- Appreciating the industry and regulatory challenges
Duration: 51 minutes
This document is believed to be accurate but is not intended as a basis of knowledge upon which advice can be given. Neither the author (personal or corporate), the CII group, local institute or Society, or any of the officers or employees of those organisations accept any responsibility for any loss occasioned to any person acting or refraining from action as a result of the data or opinions included in this material. Opinions expressed are those of the author or authors and not necessarily those of the CII group, local institutes, or Societies.