Advances in robotics, cognition, artificial intelligence, and machine learning are ushering in a new era of automation. Machines can now match or outperform humans across a range of activities in a number of industries, including insurance. While the promise of automation has been around for years, the pace and the extent of its adoption in the workplace has significantly picked up over the past 12 months.
It is with deep regret that we inform you that Ambassador Alfonso Yuchengco, founder of the Yuchengco Group of Companies (YGC) passed away on April 15th, 2017 at the age of 94.
As a founding member, Amb. Yuchengco’s support and dedication to the IIS is unsurpassed. He served on the Board of Directors from 1995–2004 and on the Honors Committee from 1992–2014. In 1997 Amb. Yuchengco was inducted into the Insurance Hall of Fame, considered the very highest honor in the insurance industry, for his extraordinary leadership and vision. His contribution and achievements are commemorated at the Claire and Joseph Smetana Insurance Hall of Fame Gallery at St. John’s University in New York City, and can be viewed at www.insurancehalloffame.org.
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.