Addressing sustainability and ESG is not simply a matter of complying with the rules—it’s essential for insurers’ survival, as panellists in a recent webinar held by global law firm DLA Piper discussed.
As re/insurance leaders look back on 2020, they share their thoughts on the unprecedented past 12 months with Intelligent Insurer and consider how this will affect the year ahead. In exclusive insights, they also reflect on the debate over whether it was a black swan event, or more of a ‘grey rhino’, recognise the critical nature of advancing technology and express a real desire to return to face-to-face negotiations, as well as setting out their stalls for 2021.
In part two of Intelligent Insurer’s year in review series, we hear from re/insurance leaders from six industry companies with their thoughts on the impact of 2020 on the industry and what trends we’re likely to see in 2021.
With time to reflect on what has been an unprecedented year, re/insurance industry leaders share their thoughts on the highs and lows of 2020 from rising rates and an increase in scrutiny of ESG policies to the accelerated use of technology.
The sum.cumo Insurance Platform takes the best of the evolving e-commerce industry, and layers it into tools that are purpose-built to drive growth and scale for the insurance industry, writes the firm’s Björn Eickmann.
Top executives from reinsurance broker Miller, CEO Greg Collins and executive chairman Ken MacDonald, outlined the reasons behind its recent acquisition by Cinven and GIC, and how this will support its plans for expansion.
Jérôme Jean Haegeli, group chief economist at Swiss Re, highlights opportunities for key developments in areas such as digital transformation and supply chains and explains why a challenging macroeconomic environment is not necessarily bad for financial markets, especially with a COVID-19 vaccine on the horizon.
There’s frequently an emphasis on automation in the claims arena but, in reality, a balance between automation and personal interaction must be struck.
Extracting value from unstructured data is one of the biggest challenges in the insurance industry, but advances in AI are opening up new possibilities, as Pamela Negosanti, head of NA sales & sector strategy - insurance and financial services for Expert.ai, told Intelligent Insurer.
Digitisation and automation create enormous efficiencies and can transform the work of underwriters – but they will never make underwriters obsolete, Thomas Anderson, director of sales, US, AdvantageGo told Intelligent Insurer.