Part 1 discussed ways in which carriers are reorienting themselves with the long-term view on climate change. In this final Part 2, read about the differentiated approaches that leading insurtechs are adopting. John Neal, CEO of Lloyds market opines, “Climate is the ultimate systemic risk and represents the biggest single opportunity the insurance industry has…
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The future of reinsurance (RI) markets is being reshaped by new technology, alternative capital and reinsurers bundling value-added services with reinsurance. These forces are leading to new trends, in a backdrop of changing RI buying patterns, emerging risks and the realities of ever changing regulation. Placement processes have evolved at a slow pace while acquisition…
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The cryptocurrency industry has been on a roll, peaking at a market capitalization of $2.2 trillion this April. Motivated by its growing popularity, major corporate investors evinced an interest. Tesla acquired $1.5 billion of bitcoin (BTC) in January 2021 while MicroStrategy stockpiled $2.2 billion of BTC. Insurers slow to enter the crypto world, are warily…
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Back in 2007, when the concept of a pre-configured, fully integrated framework for transformation was largely unheard of, Infosys Technologies had launched Finacle Bank-in-a-Box (BIAB), a fully web-enabled application and process stack in a ready to deploy state for three regions – Europe, Middle East and South East Asia. Bank Sohar in Oman had successfully…
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The contours of risk are changing, becoming more connected and interdependent. There are several examples, but an apt one is the current pandemic that exemplifies how risks are becoming global, complex and difficult to address. Recent research reveals that 73% of general public and 83% of risk experts believe that populations world over are more…
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