.jpg)
The 2019 Insurtech Summit won praise from a series of industry leaders yesterday after the event attracted more than 200 attendees from across Australia.
Luis Nejo, founder of DX Labs, was among those picking apart the theory of legacy systems, saying the industry could no longer point to the problem as a reason for all its shortcomings.
“When it comes to legacy systems, I think it’s actually a thinking issue, not a systems issue,” he said. “Legacy is a result of growth or change within an organisation and that shouldn’t be a bad thing.”
Ashok Nair, chief data officer at QBE, also took to the stage to reveal how the organisation was leveraging insurtech to drive business outcomes. He also called on industry players to encourage diversity of experience and welcome those from outside insurance into the sector.
“We hear a lot of people talking about diversity of thought but I think diversity of experience is just as important,” he told attendees.
In addition to the informative sessions, the event also hosted a tech den, in which representatives from a collection of leading insurtech firms were on hand to offer insight into how their tech can benefit brokers and the wider insurance space.
Towards the close of the event, the insurtechs then had the opportunity to pitch their idea to an expert judging panel, with the winner earning a marketing package with Insurance Business worth $20,000.
This year, advanced conversational AI program FaceMe was crowned the winner with VP Nick Sokolich collecting the prize on behalf of the organisation.
“The Insurtech Summit is a great event we’re so proud to be a part of it,” said Sokolich. “It’s very exciting to win and we’re looking forward to a long and successful run.”
