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.
Technology is shaping the future of underwriting
Insurer of the future
The future of insurance is not only exciting, but also transformative. Emerging technologies such as robotic process automation (RPA), artificial intelligence (AI), and advanced analytics are optimizing and simplifying all functions in insurance, including underwriting.
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.