INSURERS

insurtech partnerships that help drive transformation across the industry . These collaborations are key , allowing insurers to leverage insurtech platforms .”

“ Most insurers have recognised the value of technology in transforming data usage and delivering substantial business benefits ,” says Lavanya Kaul , Head of Insurance in EMEA .

The incorporation of sensors , smart devices and third-party data sources has simplified risk monitoring and prevention , such as telematics for tracking driving behaviours . Advancements in AI and machine learning enable insurers to leverage historical data and predictive algorithms to enhance decision-making and risk assessment .

“ The evolution of insurtech will eventually mean we have a huge amount of data , from new tech IOT sensors , EVs and other use-cases , that have identified risks associated with every customer and be in a better position to issue customised insurance coverage .”

There is a dynamic integration of new insurtech capabilities in the insurance sector . Rajeev Gupta , Co-founder and

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