AI and embedded insurance: Closing the protection gap in a digital world
In an exclusive interview with Channel NewsAsia at Singapore Week of Innovation & Technology (SWITCH), Rob Schimek, Founder and CEO of bolttech, shared how artificial intelligence and embedded insurance are reshaping the future of protection. From underwriting and claims to cyber risk prevention, AI is transforming the insurance experience, while embedded solutions make coverage seamless and accessible – integrated into everyday journeys like buying a smartphone or booking a flight.
Rob explained why innovation must go hand in hand with ethics and trust, how technology can close the global protection gap, and why Southeast Asia offers immense opportunities for tailored, affordable protection. He also highlighted the role of AI in preventing cyber threats and personalising insurance at the point of need.
Key Insights
- Embedded insurance explained: Bringing protection to the point of need, seamlessly integrated into the customer journey.
- AI across the value chain: From tailored offers and underwriting to automated claims and cyber risk prevention.
- Managing risk and ethics: Using technology to combat cyber threats and deepfakes while safeguarding data privacy.
- Opportunities in Southeast Asia: High growth potential in emerging markets where protection gaps remain wide.
- Cyber protection matters: Most consumers lack cyber cover – AI can help prevent and remediate attacks.
Watch the interview: https://www.channelnewsasia.com/watch/ai-reshape-insurance-through-personalisation-and-protection-bolttech-5434876
Further Reading
Featured
18 June 2024
15 August 2024
1 July 2024