5 Things Happend in the Industry

Hey innovators!

Can you tell me what else can make you the best product manager other than reading case studies of successful and budding brands? Exactly! Knowing what's happening in the industry can improve your thinking ability and boost creativity, letting you become the best version.

So, what do you think might have happened this week in the product management industry? Well, I think I can cover for you.

In today’s edition:

• InsurTech Partnership Transforms P&C Product Mgmt

• AI & Product: Meet the Bridging Manager

• QBE Europe Promotes: Højmark, Seul & Stoop

• Machinecon Summit: AI's Impact on Innovation

• Food & Beverage: Cost Cuts Lead Product Dev

Read Time: 5 Minutes

Quick aside for our partner

If you’re looking for insights centered around operational alignment and tactics check out Path to PM. Program and Product Management are different roles but overlap, and the best Product Managers can run a project & program smoothly.

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FRIDAY SNIPPETS

InsurTech Partnership Transforms P&C Product Mgmt

Details:

• The partnership between Insurity and Coherent will streamline insurance product development for Property & Casualty (P&C) insurers. The partnership will allow insurers to modernize their systems and launch new products faster.

• Coherent's Spark solution is key to this by changing spreadsheets into APIs. It will reduce development costs and time to market. Insurity and Coherent believe this will revolutionize the way P&C insurers operate. More here.

AI & Product: Meet the Bridging Manager

Details: 

• A product manager named Tumilara Hassan is a leader in creating a community for product managers and AI professionals to share knowledge and collaborate. She works at Fast Credit, a financial services company, and her interest lies in artificial intelligence (AI).

• She recently hosted an event to explore how we can use AI to improve financial products. Hassan believes AI can be a powerful tool and has created a community for product managers to share knowledge about AI. Read more here.

QBE Europe Promotes: Højmark, Seul & Stoop

Details:

• QBE European Operations promoted Simon Højmark and Dr Patrick Seul to product managers. Højmark was previously a financial lines portfolio manager and European technical manager for Cyber.

• Seul has 14 years of experience in insurance and previously worked as a portfolio manager in Financial & Specialty Markets for Germany and Austria at QBE. DUAL Benelux named Aram Stoop, with 20 years of experience in the insurance industry as managing director. Find more here.

Machinecon Summit: AI's Impact on Innovation

Details:

• A roundtable discussion was held at Machinecon GCC Summit 2024 to explore the impact of AI on product development. The discussion focused on AI's role in improving operational efficiency and driving innovation.

• Panelists not only shared examples of how AI can simplify workflows and optimize decision-making but also covered AI applications. Panelists emphasized the importance of continually refining AI models to improve reliability. Find more here.

Food & Beverage: Cost Cuts Lead Product Dev

Details:

• Cost reduction is the leading trend in food and beverage product development. High costs of ingredients and services are forcing companies to raise prices.

• While consumers are resistant to higher prices, companies need to find ways to reduce costs without sacrificing quality. One way companies are doing this is by focusing on innovation around existing brands. Read more here.

Wrapping Up

The business world is buzzing with developments! Insurance sees a partnership for product management, AI's influence on product innovation is explored, and cost reduction drives food and beverage development. QBE Europe promotes key personnel, and DUAL Benelux welcomes a new leader. These snippets showcase how industries adapt, adopt technology, and navigate economic pressures.