InsurTech weekly 506 🟢 “AI in insurance” is more than a trend, it can materialize!

Hi All,

First of all, let me welcome those who joined us recently. We are now over 12.700 subscribers !

And we were glad to announce Earnix is acquiring our portfolio company Zelros by Earnix (AI in insurance & banking distribution). As a reminder, we invested in its first round of funding. (learn more)

Below, you'll find the three most engaging articles from this week. They are about insurance & risks innovation, FinTech comparables and tech trends worth a look.

Waymo is now at 250,000 rides per week for its fleet of robotaxis. (read more)

California is upgrading its regulation on self-driving cars. (learn more)

1️⃣ AI-based competitive edge in insurance

The first article is a report the Boston Consulting Group (BCG) put together on how insurers are already benefiting from AI technologies. It measures how incumbents are doing with AI, details where they have launched initiatives alongside the value chain and highlights how much leaders are ahead of their peers in terms of ROI.

2️⃣ European payment rails

The second article is an essay Simon Taylor put together on the European Union's efforts to build an alternative to US payment rails. He has a look at previous initiatives in that space, which mainly failed and highlights why FinTech should rather be the answer.

3️⃣ Open Source in the age of AI

The third article, published by McKinsey, explores the benefits for corporates to leverage Open Source solutions to build their own tech stack while they increasingly leverage Generative AI technologies in their business processes and functions.

I had a look back at InsurTech deals announced in April across Europe. This is also an opportunity to highlights three (sustainable?) trends structuring the investment dynamic in insurance technology, and to detail the three largest rounds: Marshmallow , Mila , Grace .

>> Listen to it on Spotify or on Apple Podcast or on Youtube.

📚 Archives of InsurTech Weekly