Transforming Insurance through Data and AI - ICON Outlook

The insurance sector is very unique across many dimensions. It is an industry bound by strict regulations, rigid data privacy and a stable, 'if it ain't broke, don't fix it' perspective, that calls for risk management and overall caution first. Compared to more unrestrained sectors, the insurance industry requires a well thought out approach to digital transformation with proven, established methodologies. Yet, almost overnight, the world has changed. First the pandemic, and now the conflict in Ukraine have created global uncertainty and upheaval. Many countries are staring into the abyss of recession, with interest rates and the cost of living rapidly increasing.