As we close out 2023 with the final Insurance News Analysis of the year, we are excited to introduce Cory McAnelly, Assistant Vice President of Enterprise Innovation Strategy at Principal, as our special guest. Cory will be sharing his insights on the key highlights of the year in the insurance industry.
One of the recurring themes this year has been the advancement of generative AI technology. Cory will discuss the innovations taking place in the startup ecosystem and shed light on some of the intriguing legal implications that arise from these developments, drawing from his experience as a former intellectual property attorney for Principal.
The year 2023 has been marked as the hottest year on record, resulting in insurers facing challenges due to the increasing unpredictability of claims linked to climate change-induced catastrophic events. We will delve into how the insurance industry is adapting its risk management strategies, exploring coverage limitations, new models, and investments in sustainability-focused companies to mitigate these risks.
In other news, with travel rebounding, we will explore the resurgence of the travel insurance market. We will also discuss opportunities for innovation in providing proactive and personalized coverage to meet the evolving needs of travelers. Additionally, we will touch upon the evolving stance of insurers on crypto and other metaverse-related topics.
To add some holiday cheer, Cory will engage in a friendly challenge with his colleague Bruce Hentschel to see who can garner more views. It’s a festive way to end the year with some lighthearted competition among industry experts.
Wishing you a safe and joyous holiday season as we bid farewell to 2023. Stay tuned for more engaging insights and updates in the world of finance as we embark on a new year in 2024.
