Incumbents should consider partnerships and find new value-added services. For a long time, insurance proved resistant to digital technology’s disruptive power. Complex regulation, the capital reserves required to underwrite insurance, and underwriting skills and proprietary data built on years of experience kept the industry protected.
Being defined as urban areas exceeding 10 million inhabitants, megacities accumulate impressive physical, human and intellectual resources. Experts argue that megacities will over time contribute higher income and living standards for their citizens by increasing economies of scale and reducing production costs.
IIS CEO Mike Morrissey presents at the inaugural Dubai World Insurance Congress 2017.
Insurance Development Forum (IDF) Chair Stephen Catlin, and Chairman Elect of the IIS, has today announced the appointment of leading insurance CEOs to serve on the Steering Committee of the IDF.
Cybercrime is one of the biggest manmade risks we are facing this century, with businesses all over the world at risk – including those in Denmark. This article summarises the key outcomes from the Lloyd’s Cyber Seminar in Copenhagen last week in the wake of the WannaCry ransomware attack.