In this month’s special New Insurance and Protection episode of IFA Talk, we explore how artificial intelligence is reshaping the insurance and protection landscape and ask whether it can help close the protection gap while improving access for underserved clients.
To discuss this, Meg and Sue are joined by Jake Attfield, Head of Strategy at Fair4All Finance. Jake shares his insights on the opportunities and challenges AI presents for insurers. Together, they discuss whether AI risks reinforcing existing barriers through underwriting and product design, or whether it has the potential to deliver fairer, more inclusive protection solutions.
Jake also explores the importance of governance and tackling algorithmic bias as insurers continue to invest in AI-driven technologies.
The episode also looks at the role of alternative protection models, including pay-as-you-go cover, micro-insurance and parametric insurance, and considers how regulatory initiatives and the Government’s Financial Inclusion Strategy could help drive greater innovation and inclusion across the market.
Be sure to check out this episode and all other episodes of IFA Talk on Spotify, Apple Podcasts, and Amazon!
Jake Attfield
Head of Strategy, Fair4All Finance
As Head of Strategy at Fair4All Finance, Jake splits his time between leading all work with the insurance sector and on other strategic projects. He wrote the Financial Inclusion Plan and brings together cross-sector expertise to do more to address the underlying issues that drive financial exclusion. Jake previously worked at the Money & Pension Service (MaPS) where he developed the theory of change and wrote the England delivery plan for the UK Financial Wellbeing Strategy. Prior to MaPS, Jake worked in industry including time as an HR Director and DB Pension Trustee.
Disclaimer
IFA Talk is for financial professionals only. All material has been carefully checked for accuracy, but no responsibility can be accepted for inaccuracies. Wherever appropriate, independent research and whatever necessary legal advice should be sought before acting on any information contained in this podcast. Value of investments and income from them go down as well as up, so you may not get back the amount you originally invested.
