refresh

Mergers & Acquisitions

Learn More

Private Capital Raises

Learn More

Market Assessments & Valuations

Learn More

Business Services & Technology

Learn More

Infrastructure, Industrial, Energy & Environmental Services

Learn More

Healthcare and Life Sciences

Learn More

Consumer Products & Retail

Learn More

Emerging Markets

Learn More

Insurance

Learn More
Deal Talk with 7MA

Your resource for invaluable insight into investment banking and the M&A space.

Learn More
Deal Us In

Conversation with women leaders and rising stars in the private equity and finance space.

Learn More

Download PDF

September 2019

Insurance – AI / Big Data

The insurance industry tends to be conservative with massive national brands, products, and underwriting methodologies that have not changed significantly in decades.   Insurance companies, in all lines of business, already have large amounts of data and have numerous repetitive processes, but the proliferation of smart devices (phones, doorbells, automobiles, medical devices, appliances, etc.) is creating an avalanche of new data.   This is allowing the smartest insurers, despite historical challenges, to begin adopting artificial learning and big data initiatives by partnering with technology firms and investing in insurtechs. Personal lines insurers have taken the lead to date, but Commercial lines are accelerating their efforts, while Life and Health insurers already have significant efforts underway.

Login

Don't have a login? Create an account