Weekly Briefing - Jul. 18, 2022
Our weekly recap of top stories in the insurance industry, updated every Monday. Subscribe to receive notifications on the latest issue!
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???APAC consumers’ embrace of digitalisation points the way to a better protected future
With Swiss Re’s research showing that the pandemic has accelerated two welcome trends: digitalization and innovation across the Asia Pacific, the firm explores how this momentum will benefit consumers, re/insurers, and entire societies.
???The Future of Large Commercial Insurance
As traditional commercial insurance business models come under pressure from the swirling changes that have the sector on the cusp of a radical transformation, KPMG discusses the key signals of change, their impact, and the future business models.
???sigma 4/2022 – World insurance
Swiss Re forecasts that global insurance premium volumes will reach an all-time high by the end of this year. But as markets remain volatile, insurers will need to closely monitor inflation and economic growth.
???Why insurers need to rescue underwriters from siloed data
Despite insurers’ efforts to simplify underwriting, its data science aspect still hasn’t been improved. But it’s time to rethink underwriting data aggregation and analysis to improve efficiency, consistency, and quality of risk & pricing decisions.
???The Net-Zero Insurer
BCG identifies the key challenges, the opportunities, and the strategic steps that insurers can take to develop a successful net-zero strategy, along with the main levers they can deploy to pick up the pace of transitioning to net zero.
???Other news this week: