Insurance Systems Insights

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Legacy culture remains insurers greatest hurdle

16th October 2019

Company: bobsguide
Legacy culture is the greatest impediment to insurance industry innovation, according to Capgemini’s Executive Vice President and P&C Insurance Leader, Seth Rachlin. “It’s legacy systems and legacy culture,” says Rachlin in response to diagnosing the greatest hurdle to partnerships between insurers and insurtech.... read more
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Using AI for safekeeping capital investments and portfolio optimisation

8th October 2019

With the increasing volatility of markets and complexity of products available for investors today, wealth managers are bound to use artificial intelligence (AI) as part of their overall strategy. There is a need to embark on new technologies in order to keep up with the ever-growing challenges faced by wealth managers and their clients alike.... read more
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Uncertainty over Pripps performance scenario options continues

28th August 2019

Company: bobsguide
A divergence of regulatory approaches to recommendations for assessing how consumers could be helped by a new investment disclosure regulation for fund managers under the Packaged Retail Investment and Insurance Products (Priips) level 2 review could increase legal uncertainty and compliance costs for market participants, according to an insurance... read more
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Buyers' brief: Insurance advances

20th August 2019

Company: bobsguide
A recent report by PwC stated that “the urgent need for business and technology modernisation poses the greatest threat to the global insurance industry over the next two to three years”. Consultancy firms have a habit of drafting frightening summaries of the dangers that await insurers who fail to react to emerging market trends. And... read more
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Video: “Panic and preparation” in insurance as IFRS 17 looms

10th July 2019

Company: AutoRek
Pockets of panic are rampant among market participants as the reality of complying with IFRS 17 comes into focus, according to Mike Kelly, insurance sector lead at AutoRek. As part of bobsguide’s InsurTech video series, Kelly was speaking on a panel focused on preparations for the new rules. He added that a lot of firms are in “full... read more
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Fintech glossary of terms

26th June 2019

Company: bobsguide
Accelerators A venture or scheme that promotes and aids the rapid growth of selected new small businesses. Acquirer A company that buys the rights to another company or business relationship. Acquirers are also financial institutions which buy rights to a merchant account which allows them to service and manage the merchant’s... read more
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Shipping industry in direct path of brewing OFAC storm

31st May 2019

Company: Accuity
By David Loeser, Senior Director of Product Strategy, Accuity Deceptive shipping activity is on the increase and is gaining the attention of US Department of the Treasury’s Office of Foreign Assets Control (OFAC). The office is responsible for issuing and enforcing sanctions based on US foreign policy, and recently updated its advisory... read more
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The right policy: The insurance market and digital transformation

8th May 2019

Company: Micro Focus
It’s official. Insurance has moved on. It is very big business and new technologies have changed how agencies offer their products – as well as how customers buy their cover. It’s a  revolution that demands modernization.   The $1.2trn insurance industry understands this need to modernize, with insurers spending... read more
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Cryptocurrency industry waking up to insurance possibilities

23rd April 2019

At its peak in January 2018, the combined market capitalisation of cryptocurrency hit $830bn. While that figure has since declined to just over $113bn, many businesses and individuals have accrued fortunes into the hundreds of millions. The rapid escalation of cryptocurrency’s market capitalisation and popularity left regulators playing... read more