InsureTech Connect Vegas 2023: Revolutionizing the Insurance Industry

OTONOMI
4 min readNov 21, 2023

In the heart of the vibrant city of Las Vegas, InsureTech Connect (ITC) 2023 took the insurance world by storm last week. As one of the most anticipated events in the insurance technology sector, ITC Vegas brought together industry leaders, entrepreneurs, and innovators to discuss the latest trends, exchange ideas, and explore groundbreaking technologies that are reshaping the insurance landscape. This year’s event marked a turning point in the industry, pushing the boundaries of what’s possible and setting the stage for a brighter, more customer-centric future.

Overview

InsureTech Connect Vegas, held at the Las Vegas Convention Center, ran from October 31st to November 2nd. The event attracted a record-breaking number of participants, with over 9,000 attendees from more than 50 countries. The diverse group included insurance executives, tech startups, venture capitalists, and thought leaders, creating a melting pot of ideas and innovation. And like in the past years, Otonomi was present.

In case you missed us at the conference, here’s our recap:

Our CEO on stage:

Yann Barbarroux, CEO and Co-Founder was on stage to talk during the panel: “Harmonizing Sustainability” Presented by Alchemy Crew & Sønr. Fantastic insights from Otonomi!

Yann Barbarroux on the left.

Welcome to our booth:

Our team presented in-depth numerous demos of our platform, showing how we can mitigate financial risks arising from cargo delays and deliver instant delay quotes to time-critical cargo owners.

Yann Barbarroux and our CTO Jeremy Sutton.

Puppy Lounge:

ITC Vegas was a great event for networking but also to chill with puppies in the “Puppy lounge”. Is there a better way to relax?

we don’t know their name!

Forward50 Americas by Sønr Global.

Brought to you by InsureTech Connect (ITC) and powered by Sønr Global, the Forward50 Americas is a comprehensive ranking of the most exciting emerging startups in the region. And guess what? Otonomi is in this list. Sønr Global was the master of ceremony of the report releasing event at ITC Vegas. Download the report here.

Main topics of discussion

Digital Transformation: The overarching theme of ITC Vegas 2023 was digital transformation. Insurance companies, large and small, are rapidly adopting technology to streamline operations, enhance customer experiences, and optimize underwriting processes. The event showcased how data analytics, artificial intelligence, and automation are revolutionizing the way insurance is bought, sold, and managed.

Customer-Centricity: A significant focus of the event was centered around making insurance more customer-centric. This includes personalized insurance products, simplified claims processes, and improving the overall customer journey. Speakers discussed the importance of using technology to build trust and improve relationships between insurers and policyholders.

Emerging Technologies: The InsureTech Connect event featured cutting-edge innovations, including blockchain, telematics, and IoT. These technologies are reshaping the industry by creating new ways to assess risk, process claims, and manage policies. Startups in these areas showcased their solutions, attracting attention from industry veterans.

Ecosystem Collaboration: The insurance industry is increasingly looking to collaborate with various ecosystem partners, such as insurtechs, fintechs, and regulators, to enhance the value proposition for consumers. Industry leaders discussed how partnerships can drive innovation and foster a more integrated approach to insurance services.

ITC Vegas 2023 showcased the potential of technology to transform every aspect of insurance, from customer engagement to risk assessment. The event highlighted the industry’s commitment to embracing digital transformation, delivering better customer experiences, and fostering innovation.

As the insurtech ecosystem continues to evolve, ITC Vegas remains at the forefront of connecting industry players, fostering collaboration, and driving the future of insurance towards greater efficiency, accessibility, and customer-centricity. The success of this year’s event demonstrates the momentum behind insurtech and paves the way for an exciting future in the insurance world.

See you next time Vegas….. and if you want to know more about Otonomi, contact us.

--

--

OTONOMI

Next Generation Insurance for Time-Critical Freight