From the Insurtech Frontier

The road to launch for an insurtech startup

Walk the exhibition floor of InsureTech Connect, and you’ll find a wide range of companies dedicated to finding new value in insurance and all its attendant businesses.  The vibrant nature of this world masks the real challenges of opening up a new frontier.  What’s the road to launch for an insurtech?  How do they see the opportunities and where do…

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How Can Startups Thrive in an Insurtech Ecosystem?

A look back at ITC 2017: Our InsureTech Connect Conversation with AIG's Guarav Garg

Summer is under way and planning is ongoing for InsureTech Connect 2018, October 2-3 at the MGM Grand Las Vegas.   Join more than 5,000 attendees for the latest in what’s happening and where insurtech will be heading.  Oliver Wyman will once again be the presenting sponsor for the world’s largest insurtech gathering, where entrepreneurs, investors, insurance executives, and risk managers meet…

The CRO Function: Past, Present, and Future

From the Oliver Wyman Insurance Insights Series

Join Oliver Wyman Partner and head of EMEA Insurance Anthony Bice as he chats with Raj Singh, long-time CRO and current insurtech entrepreneur about how the role of CRO is changing in the face of innovation coming from insurtechs and fintechs. In a two-part discussion Raj looks across the CRO function and talks about where it’s going and new challenges. …

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Meeting and managing catastrophes with insurtech

Insurtechs putting the puzzle pieces of resilience together

It seems that not a day goes by where we don’t read about some catastrophic natural disaster, somewhere: hurricanes in the Caribbean, earthquakes in Mexico or Taiwan, wildfires in California, and now volcano eruptions in Hawaii and Guatemala.  The losses are devastating – in economic terms, for example, losses are in the tens of billions of dollars or more for…

From BRINK: Could GDPR Transform the Insurance Industry?

Appreciating the strategic opportunities and threats of a new regulatory era

Our colleagues at BRINK are running stories on the implications of the General Data Protection Regulation (GDPR), and we thought this piece from our Oliver Wyman colleague Kaijia Gu especially relevant for our insurtech audience. Having crossed the long-awaited threshold of the General Data Protection Regulation (GDPR), the door to the new regulatory era is finally open. Revised laws protect…

InsureTech Connect 2018

The world's largest insurtech event

We are delighted to offer a discounted registration here. For an exclusive VIP discounted rate, contact Oliver Wyman insurtech experts Matt Leonard and Prashanth Gangu.    

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Where is Digital Transformation Being Accomplished in Insurtech?

From: Digital Transformation in Insurance - Current State and Way Forward (Celent)

A newly released report from our colleagues Mike Fitzgerald and Niall Williams at Celent, Digital Transformation in Insurance: Current State and Way Forward, draws on a survey of insurance executives to provide some “under the hood” data on strategic goals, approach, and progress of digital initiatives.  As shown above, most of the transformation effort is in functions with a higher…

Excellence in Risk Management: New Survey Results from Marsh and RIMS

The risk professional's role in managing technology innovation

The gathering of risk management professionals at the recent RIMS meeting in San Antonio saw the release of the fifteenth “Excellence in Risk Management” survey from our colleagues at Marsh and the event sponsor, RIMS.  Drawing on the responses of about 450 risk management professionals, Maintaining Relevance Amid Technology Disruption tackled the key issues around the risk management professional’s role…

How to go Bionic – Technology in the Future of Underwriting

What are the implications of a blend of digital and human capabilities?

The recent report from Oliver Wyman and the Chartered Insurance Institute (CII), “The Underwriter of the Future Six Years On,” makes clear that in many areas of corporate and commercial insurance, much of  the current “artisan” business model will get a “bionic upgrade” – not 100% machine, but an inseparable blend of digital technology and human capabilities.  What are the…

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Whither the Underwriter in the Age of the Machine?

Reflections on the underwriter of the future

Six years ago, Oliver Wyman and the Chartered Insurance Institute (CII) collaborated on a joint report, “The Underwriter of the Future,” that laid out a vision of what a commercial insurer might look like in 2012.  Here in 2018, having passed the half-way point, a new report “The Underwriter of the Future Six Years On” takes stock of what has…