Exponential Wisdom

Episode 68: Flipping the Insurance Industry

April 7, 2019 by exponentialwisdom

Peter and Dan talk about the history of insurance, and why this age-old industry is ripe for disruption. They discuss which exponential technologies will help inefficiencies and the new business models they see in the near future.

 

In this episode:

  • Peter believes insurance will start to disappear for most people as tech companies begin covering costs (i.e. autonomous car companies like Waymo offering free insurance to their riders).
  • Dan talks about how AI will disrupt the middleman. He outlines a future scenario in which most individuals will purchase life insurance from a robot online, because the process will be that instant, easy and accurate.
  • Peter and Dan discuss how insurance companies should flip the business model from retrospectively protecting from risk to proactively protecting you from risk. This would force insurance companies to keep customers alive longer to retain their business.
https://media.blubrry.com/exponentialwisdom/p/content.blubrry.com/exponentialwisdom/ExponentialWisdomPodcast_EP_68_Flipping_the_Insurance_Industry.mp3

Podcast: Play in new window | Download

Subscribe: Google Podcasts | Spotify | Stitcher | RSS

Filed Under: Podcast Episodes Tagged With: ai, auto, autonomous cars, car, car insurance, disrupt, home, insurance, insurance agencies, life, middleman, waymo

Episode 59: AI Disrupting the Middleman

October 8, 2018 by exponentialwisdom

Peter and Dan discuss the disintermediation of the insurance industry, and specifically how AI will disrupt the middleman in all industries.

 

 

In this episode:

  • Peter and Dan talk about using technology to gather and evaluate increasingly more data. When will tech companies who know the most about you enter the insurance industry?
  • Peter gives his view of the future of health insurance, where big data is so personalized that you will only pay for your exact needs instead of covering the masses.
  • Peter and Dan discuss a range of ideas: what happens to life insurance when you live 30 extra years? What becomes of auto insurance when autonomous cars don’t have accidents?
https://media.blubrry.com/exponentialwisdom/p/content.blubrry.com/exponentialwisdom/ExponentialWisdomPodcast_EP_59_InsuranceIndustry.mp3

Podcast: Play in new window | Download

Subscribe: Google Podcasts | Spotify | Stitcher | RSS

Filed Under: Podcast Episodes Tagged With: ai, auto insurance, autonomous cars, car insurance, disruption, health insurance, insurance, life insurance, middleman

Subscribe to the Exponential Wisdom Podcast

Apple PodcastsGoogle PodcastsAndroidby EmailRSS

Latest Episodes

  • Episode 118: Individuals Changing the World
  • Episode 117: Blockchain Changing Business Models
  • Episode 116: Long-Term Thinking
  • Episode 115: Longevity Tips and Tricks
  • Episode 114: Personalized Health Tracking

Meet Your Hosts

Peter Diamandis
Dr. Peter H. Diamandis is an international pioneer in the fields of innovation, incentive competitions and commercial space.

Dan Sullivan
Dan Sullivan is the world's foremost expert on entrepreneurship in action.

About Abundance 360

About Strategic Coach

Follow Peter Diamandis

  • Facebook
  • Google+
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube

Follow Dan Sullivan

  • Facebook
  • Twitter
  • YouTube

Search

More Information

  • Diamandis.com
  • Abundance 360
  • Strategic Coach

Copyright © 2022 · Agency Pro Theme on Genesis Framework · WordPress · Log in