20 Mar 2024
31 mins
InsurTech

why-genAI-alone-won’t-futureproof-you-and-the-tech-that-will

Watch & listen

On the Main stage at Insurtech Insights Europe 2024, Martin and Konrad shared insights into why solely focusing on GenAI to futureproof your business would be a short-term strategy and provided examples of cases where business model innovation has created the biggest value.

Insurtech, insurance, GenAI, generative AI, futureproof, business strategy,

True

True

False

2024-03-19T23:00:00Z

Why GenAI Alone Won’t Futureproof You (And The Tech That Will) with Munich Re.

Martin Thormählen, Chief Technology Officer at Munich Re, joined Ascent’s Insurance Lead and Principal Architect, Konrad Pfeffer, to discuss why GenAI alone won’t futureproof your business.

article

Data & AI

31 mins

//images.ctfassets.net/k26sw1bgepr3/6EEDcKM8KRCs9zcWbH7Mpv/49a99739c8ab8e338fd2d1ef03eeb970/Martin_MunichRe_Industry_Voice.png

On the Main stage at Insurtech Insights Europe 2024, Martin and Konrad shared insights into why solely focusing on GenAI to futureproof your business would be a short-term strategy and provided examples of cases where business model innovation has created the biggest value.

GenAI undoubtedly represents a significant leap forward in revolutionising the insurance industry offering unmatched capabilities in risk assessment, customer engagement, and operational efficiency. However, is it here to stay? And, would it be shortsighted to rely solely on GenAI to futureproof the industry?

  • AI strategy needs to be aligned with business strategy​

  • Innovation strategy framework

  • Modularisation of insurance value chain for scalable innovation

  • Enterprise platforms as productivity boosters​

Konrad Pfeffer

Managing Director, DACH & Insurance Lead

Konrad is a domain expert in insurance, with strategic consultative skills and practical engineering experience forged and honed on many innovation and modernisation programmes in the industry over the last two decades.

genericSection

[Think tank] Let’s get started - Get In Touch

Let’s get started.

We help customers build game-changing products, deliver pivotal data and software projects and build strong internal teams. Got a challenge in mind? We’re ready when you are.

Get In Touch

False