Over the past decades, US companies who operate internationally do have access to purchase coverage for their premises and product liability for risks abroad through dedicated US brokers in the US market.
In an age where information is now readily accessible, understanding the needs, wants and buying habits of any consumer base is essential to a successful business model.
The London insurance market has long held a disproportionately influential role in the global insurance and reinsurance marketplace based on global premium volume throughput. This has recently raised questions about the longevity of its current position and its future role within the global marketplace.
One would be hard-pressed (and perhaps rather foolish) to deny the impact that the Internet of Things (IoT) will have on the world around us. From automated cars and home monitoring systems through to the management of infrastructure and the safety of underwater pipelines, IoT is already proving its ability to disrupt and transform virtually every aspect of our lives.
As the shift towArd electric vehicles (evs) And Autonomous vehicles (Avs) progresses, the potential impact on a variety of industries, and on the oil market, should come into sharper focus. Recently, several of Wellington’s global industry analysts debated and discussed these trends, and some of the issues they believe are underappreciated by many investors and economists.
Despite recent volatility, opportunities in health care remain abundant, and we believe the long-term outlook for the sector is positive. Powerful demographic trends, a record-setting pace of innovation, and structural changes in health care delivery systems continue to drive growth and expand the investment opportunity set. Wellington Management’s Health Care team currently manages over US$60 billion in assets for clients globally.1 Several team members recently shared their views on advances in the biopharmaceutical industry around the world.
Cybercrime is one of the biggest manmade risks we are facing this century, with businesses all over the world at risk – including in Denmark. With the frequency and severity of these attacks increasing, businesses need a robust, well-developed plan in place to survive a cyber crisis, including understanding their most valued assets, and making sure that they are fully protected. That includes having insurance in place for when things go wrong.
Insurers and intermediaries know that innovation has the potential to disrupt their current business and operating models. And they know that they need to innovate faster than their competitors to defend and grow their business. Yet few have found a ‘winning formula’ for embedding innovation into their people, products or processes.
By Yang Xiaoling (Chief Digital Officer of China Pacific Insurance (Group) Co., Ltd.)
Jack Ma made a remark in 2008: “If the bank does not change, we will change the bank.”