Growth and Innovation
Innovation is critical to the future growth of re/insurers across all key markets, amid an evolving risk landscape which requires the development of new products and risk solutions.
Insurers now have access to far more information to help them monitor behaviour, define risk and determine cover
XL Catlin's Branch: Creating a culture of innovation the hardest obstacle for re/insurers to overcome
Insurance industry must look outside traditional sphere of influence, says XL Catlin Accelerate CEO
New Lloyd’s chairman urges industry to embrace innovation and disruptive technology
Room for improvement in areas such as date breach and legal support, survey finds
In London’s more traditional markets, innovations can be slow to materialise but the emergence of facilities and trend towards more business being placed in local markets means insurers are being forced to adopt new processes in order to remain competitive
Underwriting and distribution are being transformed by advances in data and analytics
Alternative capital continues to be attracted to the re/insurance sector and reinsurers and bankers are looking for ways to introduce new perils to investors
The London market needs to change with the times and view disruption as an opportunity rather than a threat
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