Aidan O’Neill discusses the future of P&C insurance in recent interview
In a recent interview on Reinsurance Business TV, Aidan O’Neill, CEO of DOCOsoft, shared his insights on the key topics expected to dominate Property & Casualty (P&C) insurance conversations in the coming months. He discussed the impact of climate change and extreme weather events, the growing challenges of cyber risks, and the increasing role of artificial intelligence (AI) in the sector.
Aidan highlighted how climate-related events like the California wildfires have underscored the importance of technology in efficient claims processing. He also addressed the rise in cyber risks, particularly ransomware, and the challenges insurers face in pricing and managing these threats. Regarding AI, Aidan noted its transformative potential, with the technology already reshaping how insurers make decisions and optimise operations.
“We’re seeing rapid advancements in AI, and while some uncertainty remains around its implementation, the opportunities it offers are substantial,” Aidan explained. “As the market evolves, businesses must adapt to and embrace these innovations to stay competitive.”
For more detailed insights on these critical industry trends, watch the full interview below.