AI is supercharging parametric insurance & transforming risk management 🤖; Decentralizing data for Web3 & beyond 🕸️; US Treasury raises alarm on growing cyber threats from AI adoption in finance 😳

FinTech is Eating the World, 29 March

Hey Everyone,

TGIF! Another big week in FinTech is about to end, and we’re going to finish it off with three fascinating stories. Today we’re looking at AI is supercharging parametric insurance & transforming risk management (what it’s all about, why AI in insurance matters & what’s next), a company that’s decentralizing data for Web3 & beyond (what’s the USP & why it could be a game-changer), and US Treasury that’s raising alarms on growing cyber threats from AI adoption in finance (a quick overview of the report to see what it’s all about). Let’s jump straight into the awesome stuff 🌶

AI is supercharging parametric insurance & transforming risk management 🤖🛡️

Zooming out 🔎 Parametric insurance, a centuries-old concept, is experiencing a renaissance powered by artificial intelligence (AI). As climate change amplifies the frequency and severity of natural disasters, traditional insurance models are struggling to keep pace.

Parametric insurance thus offers a compelling alternative, leveraging objective data and predetermined payouts to provide rapid financial relief when catastrophic events strike.

Let’s take a look at this, see why AI in insurance matters, and what’s next.