As technology-fuelled disruption has swept through the rest of the global financial sector, it has so far largely bypassed commercial insurance. All that could soon change. Strategy& Partner Christine Korwin-Szymanowska is joined by Matthew Blake, Head of Future of Financial & Monetary Systems for the World Economic Forum (WEF) to discuss this further in our collaboration with the FT & WEF.
Repricing risk: Ripe for disruption
The global insurance industry is on the cusp of a seismic transformation, with the value of disruption coming to the UK insurance sector estimated to be worth £30bn. How can the industry make the most of this opportunity?
Ripe for disruption, insurance has an opportunity to profit from digitalisation
Using the massive data footprint each of us is building everyday, insurers have more information to draw on than ever before. Alongside technology advances such as quantum computing, this means that risk analysis is more accurate and faster than previously imaginable and will fundamentally change insurance.