Sent on February 10, 2016

News
Reinsurance market prepares for new phase of cyber innovation
09 FEB 2016 | There are many predictions about the future of the cyber market and how it is expected to progress over the course of 2016. We frequently read about the vast growth opportunities it presents, with PwC’s recent report, Reaping the dividends of cyber insurance, estimating the fast-growing demand for cyber insurance means annual gross written premiums will reach $7.5bn by the end of the decade. To know where those opportunities reside, it is important to assess how the market has developed. Over the past year or so we have seen a shift in insurers' and reinsurers' strategies for cyber, changes which ..
Swiss Life Powers Customer Sat/Big Data Initiative with Attunity Replicate
08 FEB 2016 | Swiss Life France, an insurance and wealth management provider and the French subsidiary of Swiss Life (Zurich), has selected Attunity’s (Burlington, Mass.) Attunity Replicate high-performance data replication solution, to accelerate and facilitate the completion of its Vision 360 project. The goal of the initiative is to aggregate customer data in near real time from the company’s back-end systems into a central search and retrieve data index to provide a single, consistent view of customer information for all internal channels and consumers.
Five Areas Ripe for Insurance Innovation
05 FEB 2016 | No company becomes a leader in its industry while hiding behind a legacy system and refusing to update processes. Instead, leaders must be unafraid to blaze a trail and facilitate business evolution by adopting new technology. At its core, the insurance industry is all about making a connection—and technology is the way we make connections today. In 10 years, the percentage of people reading email on a smartphone or tablet has gone from zero to 80 percent. Insurance companies, increasingly aware of their customers’ and prospects’ dependency on the Internet, smartphones and tablets, are adjusting by creating innovative apps and online tools that make shopping for and buying insurance easier and more accessible.
Lloyd's market strives for better cyber pricing
05 FEB 2016 | Lloyd's insurers have spoken of the need to move away from "gut-based" underwriting of cyber risk and have called for greater collaboration with businesses and governments in order to understand better the risk. The Lloyd’s market is taking steps to improve its understanding of cyber risk and its aggregations, with underwriters hoping new modelling capabilities and Lloyd’s cyber framework will aid pricing in the growing class. Yesterday RMS launched its Cyber Accumulation Management System, which includes a new software system and framework for cyber exposure reporting in addition to cyber catastrophe scenarios for loss modelling.
D&O and cyber: C-suite cyber risks take off
04 FEB 2016 | An increase in cyber breaches has had a knock-on effect on directors’ and officers’ liability insurance, with the number of claims rising as stakeholders seek redress for failures to protect data. But, as this forces company directors to pay closer attention to these risks, the market is set to change for both D&O and cyber insurance. Download Post’s article to find out more.
Virtual Insurance Agent Insurify with License Plate Quote Feature Raises $2 Million
04 FEB 2016 | Consumers will soon be able to simplify the buying of auto insurance by snapping a photo of their license plate and texting it to a phone number provided by the new site, Insurify.com, which will then generate price quotes. The license plate photo triggers the process during which a virtual insurance agent asks additional questions before the consumer receives quotes and recommendations that include contact numbers to call to purchase the policy.
Australia: Digitalisation, new technology named as new big risks
03 FEB 2016 | Australian businesses are likely to face challenges from a much wider range of disruptive forces in 2016 including new technologies, cyber incidents, macroeconomic developments and political risks, according to the 2016 Allianz Risk Barometer of Top Business Risks which is published by Allianz SE and Allianz Global Corporate & Specialty SE (AGCS).
Driving Usage Based Insurance Information to the Claims Process
03 FEB 2016 | While information derived from usage based insurance telematics hasn’t been fully utilized in the claims process, the benefits it can provide – consistency, efficiency and accuracy – offer a way to reduce claims costs according to David Lukens, LexisNexis director. Speaking at the Safelite Solutions’ Annual Customer Experience Conference held in Chandler, Ariz., last month, Lukens explained how claims can embrace telematics.
IoT meets Insurance:  Eye to Eye
03 FEB 2016 | Thanks to all the industry pundits, I think we all agree that the scope of IoT is going to be massive. We also can safely agree that all these devices will be spewing data and that it is going to be massive data lakes, seas and oceans and beyond. Finally we can also safely agree that IoT will change how we live. This is the first time when the physical and analytical come together, a machine and its data act in unison.
Insights
IoT to transform insurance, Zurich, ProtectYourBubble and Swedbank Insurance explain why
08 FEB 2016 | IoT is changing B2B and B2C interactions. The world is becoming increasingly connected with autonomous vehicles, connected household items, and wearables abound. According to a recent survey by FC Business Intelligence, 82% of insurers feel that IoT is also important to the future of their business. We caught up with Zurich, Protect Your Bubble, and Swedbank Insurance to find out how IoT can support insurers moving in to the future.
INSURANCE INTERNET OF THINGS INDUSTRY SURVEY
15 JAN 2016 | At the beginning of the year, everyone is looking at how to identify the crucial elements of change that will affect their business in the next twelve months. Discussions from CES 2016 showed that the attention for a lot of companies has turned to connected devices and the internet of things.
Agenda
The Insurance Summit 2016: Guardians of the Future
25 FEB 2016 | With the overall theme being “Insuring the Uninsured” the Insurance Summit 2016 will focus on the disruptive forces shaping the future of the industry and delve into the commercial and new growth opportunities arising from market consolidation and a closer alignment with the sustainable development agenda. Key topics and confirmed speakers include: The role of insurance as a risk manager in society Lise Kingo, Executive Director Global Compact, United Nations examines the findings of the “Insurance 2030” UN report. In order to provide universal access to insurance and prevent the uninsured from the impact of climate change and natural disasters, is there a need to establish Insurance Development Goals, in line with the UN’s SDGs? New opportunities through consolidation Bart de Smet, Chief Executive Officer, Ageas examines how western insurance companies can continue to grow through joint ventures and contextualises this with Ageas’ experience entering new markets particularly in Asia. Michel Khalaf, President EMEA, Metlife will present the company’s strategy for thriving in the Middle East and Africa. The evolution of risk through technology From the rapid spread of the Internet of Everything through to the Internet of Things and the rise of smart cities, driverless cars, and artificial intelligence, Maurice Tulloch, Chairman, Aviva Global General Insurance and Chief Executive Officer, Aviva UK and Florian Herzog, Chief Engineer and Founder, swissQuant will elaborate on what priorities should the insurance sector have in order to remain relevant and connected to its clients in a technological world? Who should attend: • Directors and senior business decision-makers responsible for business strategy, development, risk management, regulation, legal and marketing (COO, CTO, CRO) • Economists • Investment advisors • Insurance specialists/intermediaries • Fund Managers • Actuaries/Accountants/Auditors From industries including: General Insurance and Re-Insurance, Insurance Brokers, Life, Medical Insurance and Healthcare cover, Loss Adjusters & Claims Service providers, Specialists/intermediaries(accountants, actuaries, consultants, lawyers and software providers, Government and Regulators, policy makers, professional associations, academia, media Why attend the Insurance Summit 2016? • Learn about new growth prospects, where to find them and how to close the global protection gap • Challenge the adequacy of current business models and discover what the insurance company of the future looks like • Explore the opportunities consolidation offers and whether it will drive expansion into new markets • Gain insights on disruptive technologies that will transform the insurance industry • Discuss how to tackle climate change, foster sustainable development and the industry's relevance for these global endeavours Insurtech News subcribers are entitled to a 20% discount on the delegate registration fee of £995 + VAT. Contact me today for your booking code. Contact: Laurence Allen, Marketing Manager Email: laurenceallen@economist.com Tel: 0044 (0) 207 576 8118 About Economist Events: Economist Events gather the world’s top thinkers to build insight and exchange views on the issues that define our world. With a uniquely global perspective, we create over 100 unusually high level and engaging live and virtual events each year. Our aim is to bring clarity to complex problems, inspire ideas and to help our audiences make better decisions.
Connected Car Insurance Europe 2016
12 APR 2016 | This is the largest and most comprehensive forum in Europe dedicated to connected car insurance. With over 400 attendees from across 25+ countries globally and 50+ executives speakers, this event will address the technological challenges and new business models to impact the motor insurance industry as it converges with the connected car.