Two existential threats to the life and annuity industry
Disruption and disinterest
Traditional insurers are facing the new generation of digitally-savvy customers who are under-protected and unengaged. Insurers who are willing to self-disrupt, adopt nimble business models, and deliver value-added services will be the ones to write the story of their own future.
Risk and compliance implications of AI in the Insurance Industry
Artificial intelligence (AI) could be one of the biggest game changers for the insurance industry in the next 10 years: AI concepts and approaches are on the cusp of moving into the mainstream and reshaping the status quo. This will require careful consideration by all stakeholders.