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Fred Kleiterp, Regional CEO for the EMEA region at Swiss Re Corporate Solutions, has expressed optimism about the prospects for the global re/insurance industry if it is able to “work together and share technology to innovate.”
It’s safe to say we have our physician, babysitter, personal trainer and dog walker on speed dial. But it’s unlikely that the average auto insurance customer knows the right number to call to reach their carrier in the chaotic moments following an accident.
If insurers can summon the will to protect the public by providing disposable face masks, then insurers will achieve greatness.
Braxtone Group unveils new motor claims recovery platform after graduating from regulatory sandbox of Bahrain Central Bank.
How should insurers think about the liability for AVs? Using history as a guide, it’s possible to make reasonable guesses at some of the answers.
In insurance, as in so much of life, timing really is everything. This has only become clearer during the COVID-19 pandemic which saw those companies which had already embraced remote working and digital communication channels reap the rewards of this investment when lockdown hit.
It’s not just tech behemoths who are invading the turf of insurers these days and giving the industry a run for its money.
If the last nine months have made anything clear, it is that the pandemic has fundamentally changed both buying and driving habits for UK motorists. The latest Tempcover research has revealed that online-only used car sales had increased fifteen-fold during the pandemic among 2,000 survey respondents.
Smart contracts will likely be used first for simpler insurance processes like underwriting and payouts, then scale as technology and the law allow.
According to Swiss Re CEO Christian Mumenthaler, the re/insurance industry vastly underestimated the cost of a global pandemic due to its failure to account for the extent of government lockdown measures.
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