Articles

Samir H. Shah Executive Director & CFO, HDFC ERGO General Insurance

Risky Business-Insurers Face Shifting Landscape   

Risk Management       Sep 20, 2018

    Insurers are increasingly operating on a shifting landscape across the world. From technological innovations, unconventional monetary policies, political upheavals to regulatory tweaking; the ground rules are being redefined.   Today, with technology-driven eco-system we see increased efficiencies, better economies of scale, quicker delivery and innovations. Traditional...

Profitability gaps in major non-life insurance markets, Swiss Re's Sigma

Non Life-News, Reinsurance       Sep 08, 2018

  Worldwide, most major non-life insurance markets are in a phase of below-average profitability. The latest sigma report from the Swiss Re Institute, "Profitability in nonlife insurance: mind the gap", assesses the existing earnings gap in the non-life insurance sector. The analysis shows that insurers in ...

Christine Lagarde, MD, International Monetary Fund

Ten Years After Lehman—Lessons Learned and Challenges Ahead

Economy, Risk Management       Sep 05, 2018

  The global financial crisis remains one of the defining events of our time. It will forever mark the generation that lived through it. The fallout from the crisis—the heavy economic costs borne by ordinary people combined with the anger at seeing banks bailed out and...

Hélène Stanway, Digital Leader at XL Catlin

Marine blockchain platform goes live

Risk Management, Technology       Aug 30, 2018

  Blockchain - the secure, decentralised and distributed ledger housed on a shared platform - is something that has been discussed by the tech community for a few years now. But the practical implications, and benefits, of blockchain for the risk and insurance business are only...

Unlocking a Trillion-Dollar Opportunity

Technology       Aug 21, 2018

Lending an impetus to financial inclusion A recent report by Boston Consulting Group (BCG) indicates that over the next five years, digital lending is an unmissable1 trillion-dollar opportunity. This has been spurred on by lending undergoing a massive transformation, especially in developing economies that are...

Concerns mount over Data Privacy Guidelines set by Genetic-Testing companies

Health, Regulation, Risk Management       Aug 04, 2018

  Genetic-testing companies that have decoded the DNA of millions just introduced new guidelines to protect data privacy.   But those best practices failed to address a major concern: what happens to customers’ data that is shared for research with pharmaceutical giants, academics and others, often for...

Cubillas Ding,Research Director, Celent

SAS supports Insurers to meet IFRS 17 compliance

Regulation, Risk Management, Technology       Jul 30, 2018

  When the new International Financial Reporting Standard 17 (IFRS 17) takes effect onJanuary 1, 2021, it will upend decades-old insurance financial reporting standards. Though seemingly the tiniest glimmer on a distant horizon, navigating the intricacies of IFRS 17 will require painstaking planning and precision. Only...

Brendan Plessis, Executive Vice-President, Emerging Markets, XL Catlin

Partnering with World Bank to close Protection Gap

Disaster Management       Jul 25, 2018

  The incessant drumbeat of the headlines notwithstanding, most parts of the world are indeed becoming safer, more resilient and more prosperous. Since 1990, for instance, the percentage of the world’s population living in extreme poverty has declined from around 34 percent to less than ten...

Stephen J Mildenhall,Assistant Professor,School of Risk Management, Insurance & Actuarial Science, St. John's University, New York

Blockchain: Mechanics and Magic

Risk Management       Jul 20, 2018

  The Blockchain cures all ails. It is an immutable (unchangeable) and unhackable database. It lowers transaction costs and enables trust between strangers. It unshackles us from authority. It will revolutionize insurance: Executives everywhere must pay attention. Blockchain is the new plastic. Or so the myth...

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