The global economy is slowing sharply and inflation is at multi-decades highs: we anticipate what we call "inflationary recessions" in many major economies over the next 12-18 months. Central banks are hiking interest rates, targeting price stability over economic growth. In our view, this is a notable positive to the current challenging conditions, on two fronts. It will help ward off 1970s-style stagflation. It also signals the end of the era of financial repression.
The RiskStream Collaborative’s RAPID X first notice of loss data sharing solution enables the seamless exchange of information between carrier claim systems, through end to end integration to RiskStream’s Canopy private permissioned network. The RAPID X First Notice of Loss data sharing solution provides the ability to share and update loss data privately with the other carriers participating in the loss event, and has an additional ability to match claims based on an algorithm developed by RiskStream member companies. In total, the RAPID X app has potential to save the U.S.
Worldwide financial insecurity represents one of the greatest challenges and opportunities of our time. With our deep industry knowledge and global footprint, Principal is working to help expand the number of people living in financial security and create new opportunities around the world.
While supply chain risk is not new, the perfect storm of a pandemic, worldwide inflation and the war in Ukraine is creating never-before-seen issues across the entire spectrum of business. From breach of contract, to product liabilities, worker injuries, and more, supply chain disruption introduces a host of insurance risks to be aware of—Liberty Mutual can help.
The insurance industry is facing disruption from digital innovators in their ecosystem and must transform their often centralized, mainframe-based IT infrastructures. They have to adopt contemporary IT services that support the use of multicloud infrastructure and allow insurers to leverage the digital edge to bring customer-focused delivery capabilities to their users, partners and clients.
As the pace of investigation and discovery in genetics continues to expand and accelerate, genetic and genomic testing is now playing an increasingly pivotal role in clinical medicine as well as in life and health insurance, but barriers to using this information remain. Keep pace with this rapidly evolving field in this comprehensive whitepaper.
IIS Executive Insights Life & Health Expert: Ronald Klein, Executive Director, BILTIR
The DHEI’s first global whitepaper on Return on Engagement and Why it Matters outlines the findings of our insurance survey. We analyzed answers from over 1,200 executives to define the current status of digital health engagement tools and how to best integrate them within the life and health insurance industry.
Read blog post from Swiss Re Group Chief Digital & Technology Officer, Pravina Ladva:
Every company that uses digital solutions relies on digital trust to engage with customers. If customers don’t trust the digital interactions with your company, you likely won't be in business for too long. But when you look deeper into what actually drives digital trust, you don't find a simple answer, and some of the common assumptions about digital trust turn out to be wrong.
A tectonic shift with risk, data and technology is occurring in the Insurance industry. The incumbents that thrive in the next decade will make a bigger pivot now — and if they can do so, there will be many attractive growth opportunities. Oliver Wyman’s report, ‘The State of the Financial Services Industry 2022’ looks at the value shifts taking place, discusses how the economic outlook could affect the future, and offers a playbook for incumbents, infrastructure firms, big tech, and regulators going forward.