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Innovation UnderCover was joined by Stacey Brown, Head of Global Technology Innovation at AXA XL and Founder at Insurtech Hartford. AXA XL is the P&C and specialty risk division of AXA, and Insurtech Hartford is a platform that brings Hartford's insurance giants together with passionate and creative minds and skills to drive change from within the industry.
The word “Insurtech” emerged only in 2010 and is usually used when mentioning AI, machine learning, big data, and other cutting-edge technologies to modernize and automate the insurance industry.
Our guest started to talk about Insurtech even earlier, so in this episode, Renu & Michael chat with Stacey Brown about his two-decade-long background working with insurance technologies as well as about diversity, which he considers to be one of the primary basis of innovation in the industry.
Some of the topics we discussed:
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The first hackathon he did and how it remains pivotal for him
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How the hackathon events during the pandemic helped target a global audience
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Why the insurance broker will always be relevant
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Face-to-face, transactional, and collaborative work and the types of interactions they require
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How he feels that insurers are not actively pushing for external innovation
Other titles we considered:
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The Events Are Not The Goal, They Are The Opportunities
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People Buy From People They Trust
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There Is Still A Lot Of Opportunity For Efficiency
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Insurtech Was Not Even A Thing Back Then
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I Just Have Two Full-time Jobs