The insurance industry will need more innovation to offer protection from the risks characteristic of the 21st century, such as climate change, geopolitical instability and cyber attacks. The opinion is of the CEO of Minuto Seguros, Marcelo Blay, one of the speakers at the next edition of CQCS Insurtech & Inovação.
For the founder of the pioneering insurtech in Brazil, the world is changing and some risks, such as cyber attacks, for example, have already attracted so much attention, which were widely discussed during the 2019 InsureTech Connect (ITC), the largest insurance convention and technology in the world.
“The expectation of companies in relation to cyber attacks is not just to receive the compensation money, but to have someone who helps them get the company back up and running, with suggestions on how to prevent the problem from happening again,” he explains.
According to Blay, insurtechs can be great allies in this continuous process of innovation that the insurance market needs. “It is an encouragement to note that they are increasingly perceived as partners for the evolution of the business. It is even possible to see the consolidation of insurtechs as catalysts for the transformation of the insurance industry ”.
Founder of Minuto Seguro, in 2011, the executive recalls that at the beginning insurers saw insurtechs as a threat, but this soon proved to be untrue “Today, insurers see it as an opportunity to complement processes and develop technology”, he concluded.
Marcelo Blay will be one of the speakers at the 3rd edition of CQCS Insurtech & Inovação, the most relevant meeting on insurance innovation in Latin America. The event will take place on November 23 and 24, at the Pro Magno Centro de Eventos, in São Paulo. For more information, visit www.cqcsinsurtech.com.br.
Source: CQCS Insurtech & Inovação
Translation by Google Translate