The latest technology trends and how they impact the insurance industry
DXC’s Caroline Bedford talks about the Digital Minds delegates at the ACORD London Forum. When asked to chair a panel on the subject of “Influencing the Future of the London Market” at the recent ACORD London Forum, I was delighted that our Digital Minds delegates would share the stage with such impressive industry leaders. The Digital Minds think tank […]
The report ‘Talent in the London Market – Unique Advantage’ by the London Market Group and Deloitte, came out in 2016 just as I finished my first year working in the insurance industry. Before my career change, I worked in IT and telecoms for a decade, serving multiple vertical industries, large-scale corporates, SMEs and consumers. Needless to say, I saw and helped […]
What’s driving the need for customization and configurability in the insurance technology space? As a philosopher once said, “The only thing that is constant is change.” And this is certainly true of the insurance industry. Mix a dash of market forces, a cup of product launches, a sprinkling of new countries, a handful of fresh business lines […]
Advances in technology have meant applications are more open and can talk more easily to one another. This gives CIOs the ability to pick and choose the applications that make the most sense for their organization, and to integrate them into an end-to-end landscape. The approach eliminates the one-size-fits-all mentality of the past and makes […]
Faced with a raft of challenges such as third-party capital, soft market conditions and impending regulation around the globe, the reinsurance industry has been consolidating. Deals have been announced between some of the biggest players in the market and some of the well-known names are disappearing fast. But what are the long-term benefits of the […]
The healthcare sector is being buffeted by forces it has little control over. That an industry is facing challenges is not new, and, after all, trials and tribulations have a wonderful way of forcing companies or entire sectors to modernise for the benefit of all. However, what goes on at the chrysalis stage is critical […]
As insurance markets transform and providers compete with other financial services organizations for business, evolving operational strategies is no longer optional – it’s critical. A big piece of this is, of course, technology. Insurance companies need IT solutions that foster the enablement of new strategies and help them drive operational excellence, product innovation and customer service. By embracing digitization, […]
Only one in 86 people in Myanmar hold an insurance policy today, according to UK research firm Timetric. But with the country’s insurance market set to undergo some degree of liberalisation at the end of 2017 — and with a population of 55 million people — the potential for growth is exponential as insurance penetration increases over the next […]
Deciding to switch from a legacy system to a modern operating system is always tough. Add in challenging conditions in the insurance market and the “how” and “when” to do this can seem like impossible questions to answer. The good news for London Market firms struggling with this dilemma is that there is now proper […]
A recent talk with the theme of “Back To The Future” led me to consider whether the London Market is the place we would have dreamt it would be 30 years ago. Certainly, Lloyd’s has changed in unimaginable ways since then. Thirty years ago, the market stood on the brink of a barrage of claims associated with […]
