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.
Global IFRS Insurance Survey 2018
2021 countdown underway: Insurers prepare for IFRS 17 implementation
A year after the publication of IFRS 17 Insurance Contracts (IFRS 17), and with just over two years until its mandatory effective date of 1 January 2021, how are global insurers preparing to operate under the new financial reporting regime?
Beyond Fintech: Disruptive innovation in insurance
A 2017 report from Deloitte and the World Economic Forum, “Beyond Fintech: A pragmatic assessment of disruptive potential in financial services,” studies the disruptive forces that have the potential to shift the insurance landscape. Take a closer look at how these forces will disrupt the industry.
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.
A little less conversation, a lot more action
Tactics to help insurers get satisfaction from data analytics
Data, and making sense of it through analytics, is at the heart of all disruptive innovations and is key to becoming an insurer of the future. It’s in the DNA of start-ups, who continue to grow and bring game-changing propositions to market, and yet is often overlooked by incumbents.
2018 InsurTech investment trends and insights
Part of the FinTech investment series: InsurTech by the numbers
Even though startup activity in insurance has slowed, InsurTech will continue to play a major role in shaping the future of the industry. How can insurers adapt to these changing times and better leverage InsurTech to speed up innovation and digital transformation?