The International Insurance Society has announced the formation of the Global Centers of Insurance Excellence (GCIE), a certification program designed to recognize universities and colleges with outstanding Risk Management and Insurance programs and enhance their connections with the insurance industry.
Insurers and intermediaries know that innovation has the potential to disrupt their current business and operating models. And they know that they need to innovate faster than their competitors to defend and grow their business. Yet few have found a ‘winning formula’ for embedding innovation into their people, products or processes.
By Yang Xiaoling (Chief Digital Officer of China Pacific Insurance (Group) Co., Ltd.)
Jack Ma made a remark in 2008: “If the bank does not change, we will change the bank.”
In recent years, the Insurance Group at Wellington Management has seen a growing number of insurers express an interest in undertaking a strategic asset allocation (AA) study. The low-yield environment of the past few years, along with the core xed income-centric nature of insurance portfolios and a widely anticipated future rise in interest rates, all seem to be contributing to this surge in interest.