Articles

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 22, 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

      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...

Cyber, Climate Risks & Human Error Threaten Shipping’s Safety Progress,Asian losses buck global trends

      Jul 19, 2018

  London/New York/Munich/Paris/Singapore: Large shipping losses have declined by more than a third (38%) globally over the past decade, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2018, with this downward trend continuing in 2017.    Yet, incidents in the South China,...

Growing debris risks for Satellite Operations :Swiss Re

Risk Management       Jul 17, 2018

  Zurich: Over the next 10 years, the number of active satellites in orbit is set to multiply. New satellite constellations that deliver global services like Earth observation, internet connectivity and voice communications are spurring this development.    Lower orbits in particular are becoming increasingly populated and...

US Regulators try to navigate Legal, Social, Safety Issues raised by Autonomous Vehicles

      Jul 11, 2018

  In closed-door meetings last March, U.S. transportation regulators and others grappled with questions about whether police should have the power to disable self-driving cars and whether an automatic alert that a robo-taxi had been in a wreck could violate an occupant’s privacy, a report released...