Industry Directions - Our Annual Forecast (LOMA Resource)
Insurance leaders predict what’s ahead for sales and profits, information technology, customer service, human capital—and more.
Insurance of the Future – Where are we Going?
What disruptive forces will insurers need to confront to compete? And what changes are already upon us? A summary of the changes afoot and the transformations ahead, from consumer engagement and underwriting to claims.
Industry Directions: Our Annual Forecast (LOMA Resource)
Life insurance companies continue to recalibrate in the face of new regulations, evolving technologies and customer expectations, and more. Of great concern are new regulations, with the (currently delayed) Department of Labor’s fiduciary rule taking center stage. Another year of low interest rates is placing pressure on profitability. Finally, insurers have no idea how tax reform, on which Congress was working at press time, might affect life insurance and retirement products that currently are tax advantaged.
Integrated Analytics: The Next Generation in Automated Underwriting
We are experiencing the most rapid evolution our industry has ever seen. Incremental innovation has been underway for the last 10 to 15 years, but currently, the pace of change is truly frenetic. Today, we are competing with not only peer companies, but also start-ups, third-party solution providers and others from outside the life insurance industry, who recognize the potential to disrupt the industry we know so well.
If link below does not work, the article can be found here:
https://www.soa.org/sections/reinsurance/reinsurance-newsletter/ (article appears in Issue 89 on page 38)
What Do You Think When You Think of "Data"?
RGA's Raimondo Guerra demystifies data and discusses the future of insurance. Questions or comments?
Predictive Analytics Global Survey Results - Still Room to Grow for Life & Health Insurers
How big is “big data” for life and health insurers? What are insurers worldwide focused on when it comes to predictive analytics? How are they adopting it and what are their expectations for the future? We set out to find answers to these questions through our global predictive analytics survey just released to participants this month.
How the Environment Will Change for Life Insurers - And Ways to Cope
The life insurance business might be seen as a steadfast boulder awash in a fast-flowing stream of change, yet the Greek philosopher Socrates taught us that the secret of change is to focus energy on building the new and not fighting the old. Indeed, new technologies, advances in medicine and the evolving demands of consumers all challenge insurers to stop wrestling with old methods and come up with new ideas. Building on innovation and disruption is the secret to coping with change.
The Insurance Renaissance (LOMA Resource)
It is a time of significant disruption and opportunity in the insurance industry. Is your company ready for the changes ahead?
Trends in Life Insurance - How Can the Industry Stay Fit for the Future?
Life insurers are facing a new world in which the nature of uncertainty itself is changing. The future is collapsing into the present faster than past data can be used to extrapolate the future. However, we shouldn’t be fearful. InsurTech (insurance technology) is alive with possibilities, so it’s about how we choose to engage with it.
Looking Ahead: Our Industry in 10 Years (LOMA Resource)
What will the insurance sector be like in 2027? Resource turned to some seasoned executives for answers. Here’s what they had to say.