Insurance for the New Possible was joined by Gabriel Lazaro, Head of Digital Business Overseas General Insurance at Chubb and Joe Duronio, Strategic Partnership Director APAC and Japan at Snowflake.
Some of the insights they shared included:
• While data was once referred to as "the new oil," today, it’s more accurate to think of data as "the new oxygen." It's not just a valuable resource; it's essential to the survival and functioning of modern insurance businesses.
• Embedded insurance is becoming the Spotify of the insurance world—tailored to meet the precise needs of consumers at the right moment.
• How Snowflake helps insurers overcome data siloing by integrating it across silos, whether it’s sales data, financial data, or claims history. Once this data is unified, insurers can create a seamless, omni-channel customer experience.
• The power of real-time data sharing between insurers and their partners and how this collaboration facilitates better underwriting, pricing, and customer service.
• Emerging technologies are the next frontier for insurance innovation. Employing these technologies can accelerate product development and unlock new capabilities in everything from underwriting to claims management.