Monday, July 22, 2024

Insurance News: 2023 in review | Insurance Blog

Insurance News: 2023 in review | Insurance Blog

As we bid farewell to 2023 in this final Insurance News Analysis of the year, we are happy to welcome Cory McAnelly, Assistant Vice President of Enterprise Innovation Strategy at Principal, to join as we delve into what made the headlines this year.

We start with a recurring theme: generative AI. Cory brings his perspective on where he sees the innovation happening with this technology in the startup ecosystem and, as a former intellectual property attorney for Principal, some of the more interesting legal questions these innovations are raising.

2023 marked the hottest year on record, and insurers are grappling with the unpredictability of claims due to catastrophic events linked to climate change. We talk about how the industry is adapting risk management strategies, considering coverage limitations, new models, and investments in sustainability-focused companies.

Travel is back—not just due to the holidays. We talk about the state of travel insurance and opportunities to innovate to provide proactive and personalized coverage. We also touch on the year in crypto and how insurers’ views on this and other metaverse-related topics have evolved.

Finally, what would the holidays be without a few reindeer games? Watch as Cory challenges his friend and mentor Bruce Hentschel, who joined us in November, to see who gets more views.

Have a safe and happy holiday season! We will see you in 2024.

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