(Finance) – The third edition of Insurtech Day is coming, the appointment organized by Italian Insurtech Association (IIA), which brings together the Italian insurance community to take stock of the state of the art on digitization of the insurance market.
After the first six months of 2023 it is already possible to see lights and shadows on the Italian insurtech sector: the advent of artificial intelligence has further raised the bar of digital competition in the sector, making the need to increase the
investments and strengthen skills. During the event, a preview of investments in the Insurtech sector during the first half of 2023 will be shown, as well as a preview of the new edition of the IIA Skills Report, which will highlight the need to accelerate an up-skilling and re-skilling process of professionals in the supply chain, to allow them to exploit the advantages associated with the use of new technologies.
On the occasion of the new edition of Insurtech Day, which took place today 5 July at the Centro Svizzero Italiano in Milan, the third edition of the research on the Digital Transformation of Insurance Players was presented, which this year will be entitled “Digital Disruption: l ‘impact of emerging technologies on the insurance sector’.
The study, curated by EY and with the support of Liferay – a software company specializing in the creation of digital experiences and in support of Digital Transformation – will analyze emerging trends and opportunities for insurance companies in the digital age.
“Artificial Intelligence, data analytics and robotic process automation have made great strides in recent months by accelerating the technological revolution underway. These will be some of the topics that the Italian insurtech community will find itself discussing during our annual appointment on the occasion of Insurtech Day 2023″ – declared the President of IIA, Simone Ranucci Brandimarte –. “On the occasion of this day we will provide a clear picture of the market trend, anticipating some issues that we will explode at the Italian Insurtech Summit which we will hold in November 2023. Investments and training remain the assets on which to build the revolution in the insurance sector.”
The appointment with the new edition of Insurtech Day will be dotted with roundtables and vertical panels in which it will be analyzed how the advent of artificial intelligence is already leading to an unprecedented acceleration of companies’ digitization processes.
According to EY research data, the main players in the sector are already investing in these technologies, raising the degree of competition and making the need for the entire supply chain to accelerate its digital transformation more pressing.
However – emphasizes Marco Concordati, Insurance Partner of EY – “only a quarter of the sample believes that the adoption of emerging technologies can in itself represent the only driver of innovation, while the need emerges to develop an innovative mentality and to work on the renewal of processes and on the development of digital skills and technologies”.