Approximately 24% of UK business leaders in the finance and accounting sector believe a high level of jobs in their organisation will be automatable in the next decade.
The amount of worldwide InsurTech investment in the second quarter of 2017 surpassed that seen in the previous three combined, according to new report from PwC.
Ransomware, insider threats, and denial of service are the top three threats organisations face when it comes to securing personal data.
The collective value of digital currency transactions for this year is expected to surpass $1trn (£0.77trn) – more than 15 times the level recorded in 2016, according to a new report from Juniper Research.
Investment into UK-based InsurTech firms increased to £218m in the first half of 2017, compared with £7.3m in the year before, according to new research from Accenture.
Why InsurTech? A Pressured Insurance Value Chain
By Andrew Sagon, Andrew Johnston and Matthew Wong
InsurTech is a burgeoning phenomenon that is modernising the insurance industry. It is disrupting the traditional value chain whereby insurers offer loss protection, and shifting the emphasis to risk mitigation. Incumbents face disintermediation as investors in search of higher yields pour money into insurance-linked instruments in the capital markets. And entrepreneurial businesses are targeting friction costs and inefficiencies within every aspect of the traditional value chain.
Nimbleness and agility will unlock potential
By Elinor Friedman, Andrew Harley and Klayton Southwood
Recent Willis Towers Watson surveys in the U.S. have shown that P&C and life insurers in developed markets are taking seriously the potential of big data and predictive analytics to improve their businesses. Nimbleness and agility, rather than brute force, are likely to be key to realizing that potential.
Driven by technology, toolkits and talent
By Claudine Modlin and Graham Wright
Advanced analytics is helping some insurers offer innovative products and solutions. What do insurers need to know about the changing nature of analytics and whether it is worth the investment? Claudine Modlin and Graham Wright discuss technology, toolkits and talent — topics that may help you decide.
Risk transfer is part of a comprehensive solution
By Adeola Adele, Patrick Kulesa, Kevin Madigan and Alice Underwood
Given the dynamic nature of cyber-risk, taking a multidimensional approach that integrates board governance, technology solutions, behavioral change and risk transfer solutions can help reduce risk to a manageable level.