In this episode of Banking on Information, Rutger van Faassen interviews Michael Nadel, a partner at Simon Kucher and head of the North American Insurance Practice. They discuss the critical role of insurance in enabling businesses and individuals to take risks, the challenges faced by both insurance companies and InsureTechs, and the importance of pricing strategies. Michael shares insights on how advancements in AI and technology will shape the future of the insurance industry, emphasizing the need for companies to focus on proprietary data as a valuable asset.

Takeaways

• Insurance enables individuals to take risks and start businesses.
• Consulting allows for impactful changes in the insurance sector.
• Different strategies are needed for carriers and InsureTechs.
• Pricing strategy is crucial for revenue gene ...