Improved outcomes and driving automation, An Interview with Max Drucker, CEO, Carpe Data

Originally published by The Leadership in Insurance Podcast on September 9, 2024.

Max Drucker, CEO of Carpe Data, appeared on The Leadership in Insurance Podcast to discuss the current state of insurtech and its shift from broad transformation promises to incremental, measurable improvements. The 35-minute conversation explored whether the so-called insurtech revolution has ended and what has replaced it.

Drucker emphasized the industry's refocus on demonstrable return on investment rather than generic technology adoption. According to the episode description, insurtech has moved toward discrete solutions with specific use cases that deliver incremental changes, often developed by professionals with deep insurance expertise. The approach prioritizes practical improvements, such as removing two steps from an underwriting process, over wholesale system overhauls.

The discussion highlighted the importance of properly prepared, discrete data sources that enhance predictions and automate decision-making. These focused data solutions enable carriers to make better decisions and manage risk effectively without overwhelming their existing operations. The conversation underscored a broader industry trend toward evolutionary rather than revolutionary technology adoption.

Read the full article at The Leadership in Insurance Podcast.