5 Results
Jane Disney Industry Principal at SAP UK Limited
IFRS 17 means the insurance industry is facing yet another round of regulation. As ever, legislative change will mean investment – both in terms of time and finance, as well as potential disruption to business as usual. And what may annoy many in the industry is that it’s not long since they went through the process of getting on the right side of...
10 January 2019
Today’s insurers are faced with many challenges, including a low-interest-rate environment, price transparency, regulatory changes, customer cost-consciousness, complex IT landscapes, and increasing operational costs. Add to this the rising cost, number, and frequency of claims. In 2017 the UK’s largest insurer, Aviva, paid out more claims than ev...
The insurance industry is facing its very own Kodak moment. Forty years after the once heart-warming 1970s ad slogan became part of popular culture, it now has more inference to the company’s spectacular failure to act in the face of massive industry-wide disruption than it does to capturing special moments. (Think Kodak vs. digital photography). ...
15 February 2017
A recent report from TCS shows that the insurance industry is expected to spend $102.9million on IoT-related technology and solutions in 2018 alone, up from $77.7million in 2015. This huge growth in investment demonstrates the financial potential of untapped data, and the ability to access this is now presenting the whole industry with a huge oppo...
23 September 2016
Across all industries customer insight is becoming ever more important for generating new and innovative offerings as well as driving flexibility in existing products, to improve customer experience. In financial services, the importance of insight serves a far greater need. Organizations are under greater scrutiny from regulatory bodies to ensure...
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