Capital Convergence and Opportunities for Positive Social Applications of Insurance
Alistair Lester, Global Head of Facultative, Faber Global
With the accelerating pace and adoption of change, a number of emerging, or existing, concepts, particularly those combined with technology and data analytics, have the potential to significantly disrupt the traditional business models across financial services. Although these changes have the potential to negatively impact profitability and market share, they also represent an enormous opportunity for financial institutions that are adaptive. A competitive advantage exists for those financial institutions that can identify, adopt and/or adapt to truly game-changing models, with the potential of rendering successful businesses more nimble, competitive and efficient.