Insurance

News, trends and technology insights for the insurance industry

How can the insurance industry improve its talent pool?

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 […]

Consider this when configuring and customizing insurance technology

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 […]

Integrating new technologies into holistic insurance solutions

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 […]

Empresa aseguradora e infraestructura tecnológica ágil, ¿es posible?

Las aseguradoras siempre han participado en la carrera por llegar antes al mercado, con sus productos y soluciones, pero siempre al menor coste. El origen de este gran reto tampoco es nuevo; cambio en las expectativas de socios y clientes, aumento de la competencia y exigencias de los organismos reguladores, tal vez añadiendo el clima […]

Assurance : comment développer une infrastructure informatique agile?

Les assureurs ont toujours dû relever le défi d’apporter des produits et des solutions rapidement sur le marché et tout cela à moindre coût. Les challenges ne manquent pas : de nouvelles attentes de leurs fournisseurs et de leurs clients ; de nouveaux acteurs qui bouleversent le champ concurrentiel, de  nouvelles réglementations. Sans oublier le […]

Mergers in insurance: Is bigger better?

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 […]

What’s driving transformation in the health insurance industry?

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 […]

The 4 pillars essential to insurance technology success

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, […]

Is this Asian insurance market primed for a tech transformation?

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 […]

Why now’s the time for insurers to invest in new technology

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 […]