The context of the Italian Insurtech Summit 2024
The Italian Insurtech Summit 2024, held in Milan, represented an important meeting opportunity for professionals in the insurance and technology sector. This event highlighted the challenges and opportunities that innovation brings, especially in a constantly evolving regulatory environment. During the summit, we had the opportunity to interview Simone Lazzaro, Chief Underwriting Officer of Revo Insurance, to discuss how insurance companies are dealing
with these dynamics.
The dialogue between innovation and regulations
During the interview, Lazzaro emphasized the importance of a constant dialogue between innovation and regulations. New technologies, such as artificial intelligence and big data, are revolutionizing the way insurance companies operate. However, these innovations must be integrated into a regulatory framework that guarantees consumer protection and market stability. Lazzaro said that it is essential for companies in the sector to collaborate with regulatory authorities to develop solutions that are both innovative and compliant with current
regulations.
The challenges of the insurance sector
One of the main challenges facing the insurance sector is digitalization. Lazzaro highlighted how many companies are investing in digital technologies to improve the customer experience and optimize internal processes. However, the transition to a more digital business model also requires an adjustment of existing regulations. It is essential that laws adapt to technological changes to avoid hindering innovation. In addition, the issue of cybersecurity has become crucial, as companies must protect sensitive customer data from potential cyberattacks
.
The future of insurance in Italy
Looking to the future, Lazzaro expressed optimism about the potential of the Italian insurance industry. With the increase in consumer awareness of the importance of insurance and the adoption of new technologies, the sector has the opportunity to grow and innovate. However, it is crucial that companies continue to work closely with regulators to ensure that innovation occurs in a responsible and sustainable way. In this context, the Italian Insurtech Summit represents an important platform for discussing and addressing these issues
.