At InsurTech NY, Vincent Defour from Trendtracker addressed the core problem of how insurers can plan long-term strategies in a world that is moving faster than ever.
Defour highlighted the myriad of external factors, including geopolitics, economics, technology, and AI, that constantly impact insurers and because insurance is a long-term business, often requiring a focus five or ten years into the future, the rapid pace of change makes sustainable planning incredibly challenging.
Trendtracker’s platform is designed to help insurance carriers look into the world to see what is shifting and as Defour emphasized that success isn’t about tracking one specific movement but rather understanding the convergence; its about how multiple trends combine to create disruption for the insurance industry.
Trendtracker is well-positioned to tackle this, as it originated directly from the insurance industry and initially built its AI models and collected data specifically for incumbent carriers.Â
Defour explained that these AI models can spot those convergent patterns and signals earlier which allows insurers and insurance carriers to anticipate the future and stay ahead in a fast-changing world. Defour noted that they are focused on expansion toward the US market and are using the InsurTech NY conference to connect with the community and build personal relationships, stressing that insurance remains fundamentally a relationship business.