{"id":235105,"date":"2026-04-24T09:09:00","date_gmt":"2026-04-24T13:09:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/04\/24\/insurance-and-technology-the-unvarnished-truth\/"},"modified":"2026-04-24T09:15:18","modified_gmt":"2026-04-24T13:15:18","slug":"insurance-and-technology-the-unvarnished-truth","status":"publish","type":"post","link":"https:\/\/news-you-need.com\/index.php\/2026\/04\/24\/insurance-and-technology-the-unvarnished-truth\/","title":{"rendered":"Insurance and Technology \u2013 The Unvarnished Truth"},"content":{"rendered":"<p><a href=\"https:\/\/www.finews.com\/news\/english-news\/71958-insurance-innovations-technology-dimitri-wulich-lukas-stricker-swiss-finance-place\">Insurance and Technology \u2013 The Unvarnished Truth<\/a><\/p>\n<p><a href=\"https:\/\/www.finews.com\/news\/english-news\/71958-insurance-innovations-technology-dimitri-wulich-lukas-stricker-swiss-finance-place\">https:\/\/www.finews.com\/news\/english-news\/71958-insurance-innovations-technology-dimitri-wulich-lukas-stricker-swiss-finance-place<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-04-24 09:09:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.finews.com\">www.finews.com<\/a><\/p>\n<p>In this column, authors provide commentary on economic and financial topics.<\/p>\n<p>For more than a decade, the industry has been telling itself the same story: disruption is imminent. Artificial intelligence will soon make underwriting obsolete. An InsurTech will redefine the market.<\/p>\n<p>None of this has materialized. And for reasons that are rarely articulated openly: insurance is not a digital lifestyle product\u2014it is a core component of the financial system, built on highly resilient mechanics.<\/p>\n<p>Interest rates outweigh AI. Claims inflation outweighs chatbots. A single mispriced industrial risk can wipe out any efficiency gains achieved through process automation.<\/p>\n<p><strong>Technology: More Risk Than Innovation for Many<\/strong><\/p>\n<p>In presentations, technology is celebrated as a key growth driver. Behind closed doors, the narrative is far more cautious:<\/p>\n<ul>\n<li>\u00abWe can no longer find anyone who fully understands our core system.\u00bb<\/li>\n<li>\u00abWe are increasingly concerned about cyber risk.\u00bb<\/li>\n<li>\u00abWe are unsure whether our data quality is sufficient.\u00bb<\/li>\n<li>\u00abThe next major IT program could result in another multi-million write-off.\u00bb<\/li>\n<\/ul>\n<p>\u00abThe industry is investing billions in technology, yet productivity gains remain modest.\u00bb<\/p>\n<p>This is the industry\u2019s reality. And it explains why, in many cases, IT functions primarily as a stabilization mechanism, rather than a driver of new business models.<\/p>\n<p><strong>Productivity Gains? Limited at Best<\/strong><\/p>\n<p>The sector continues to allocate billions to technology, yet productivity improvements remain subdued. Why? Because in insurance, a single mispriced risk can instantly offset gains from more efficient back-office processes.<\/p>\n<p>Moreover, many technologies trigger a paradoxical arms race: AI enhances claims assessment while simultaneously enabling more sophisticated fraud schemes. The net benefit is often negligible.<\/p>\n<p>This dynamic echoes the observation by Robert Solow: \u00abYou can see the computer everywhere but in the productivity statistics.\u00bb<\/p>\n<p><strong>Opting Out of Technology Is Not an&#8230;<\/strong><\/p>\n<p><a href=\"https:\/\/www.finews.com\/news\/english-news\/71958-insurance-innovations-technology-dimitri-wulich-lukas-stricker-swiss-finance-place\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Insurance and Technology \u2013 The Unvarnished Truth https:\/\/www.finews.com\/news\/english-news\/71958-insurance-innovations-technology-dimitri-wulich-lukas-stricker-swiss-finance-place Publish Date: 2026-04-24 09:09:00 Source Domain: www.finews.com&#8230;<\/p>\n","protected":false},"author":1,"featured_media":235106,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.finews.ch\/images\/news\/2026\/04\/finews.first_.jpg","fifu_image_alt":"","footnotes":""},"categories":[8],"tags":[62],"class_list":["post-235105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-innovation"],"_links":{"self":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/235105"}],"collection":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=235105"}],"version-history":[{"count":1,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/235105\/revisions"}],"predecessor-version":[{"id":235107,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/235105\/revisions\/235107"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/235106"}],"wp:attachment":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=235105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=235105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=235105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}