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FeaturedFeaturedNavigating the Transformative Landscape of P&C Insurance in AsiaAccording to a recent report by McKinsey, the P&C insurance landscape in Asia stands at a critical juncture, marked by a slowdown in growth and mounting profitability challenges. However, within this scenario, emerging opportunities from evolving risks, technological advancements like AI, and relatively low insurance penetration rates are evident. Embracing a Dual-Track Strategy: Balancing Innovation and Optimization Insurers eyeing the 2024 landscape must adopt a dual-track approach. This involves exploring new prospects such as electric vehicles and climate risks while simultaneously optimizing core operations. Notably, statistics reveal that EV repairs in Asia take 14% longer and are 25% more expensive than traditional internal combustion engine (ICE) repairs. This emphasizes the need for innovative approaches to address emerging vehicle technologies. Digital Transformation Through Embedded Insurance: A Key Driver of Future Growth Accelerating digital distribution stands as a pivotal strategy. Insurers aim to secure 10% of premiums from embedded insurance by 2030. Moreover, 90% of the embedded insurance will be through key ecosystems. (See Exhibit 1) This shift towards digital platforms marks a strategic move to meet evolving consumer preferences and technological advancements. Exhibit 1 Source: Mckinsey & Company Collaborative Ecosystems: The Path to Agile Operations Partnering across ecosystems and transforming operating models are critical imperatives. Asian insurers need to move at the swift pace set by tech companies to remain competitive. Notably, Asia has encountered 31% of global cyber attacks, emphasizing the need for comprehensive products and robust ecosystem partnerships to combat escalating cyber risks. Read more: OneDegree Global and Microsoft...
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FeaturedFeaturedNavigating the Digital Wave: Unveiling Untapped Potential in InsuranceInsights reveal how digitalization is reshaping insurance for efficiency, risk management, and innovation.
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FeaturedFeaturedHow Generative AI Can Transform InsuranceExplore applications of generative AI in the insurance industry to streamline operations, enhance customer service, and make better decisions.
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Event RecapEvent RecapInsurtech Insights Europe 2023 RecapKey takeaways from Insurtech Insights Europe 2023, including ecosystem, embedded insurance, and more.
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FeaturedFeaturedParametric insurance: Covering the uninsured and underinsuredA complement to traditional insurance, parametric insurance can offer several advantages for both the insurer and the insured.
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Weekly BriefingWeekly BriefingIssue #50 | Dec. 26, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapEmbedded Insurance: getting personal, relevant, and convenient insurance close to the customerInsurers interested in providing embedded insurance must start looking for trigger points and understand where data is going to play a role.
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Weekly BriefingWeekly BriefingIssue #49 | Dec. 19, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapThe role of insurtech in insurance distributionSEA is an emerging market where insurtechs can play a significant role in reaching previously unreachable consumers.
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Weekly BriefingWeekly BriefingIssue #48 | Dec. 12, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapEnabling incumbents: How start-ups can best work with large insurance companiesLearn how start-ups and incumbents can work together to advance the industry's digital enablement in this panel discussion.
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Weekly BriefingWeekly BriefingIssue #47 | Dec. 5, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapUsing Data To Improve Outcomes & Lower Costs In HealthcareHow can data empower consumers to make better healthcare decisions? How can insurers provide cost-effective healthcare services?
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Weekly BriefingWeekly BriefingIssue #46 | Nov. 28, 2022A recap of this week’s top stories in the insurance industry.
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FeaturedFeaturedInsurers: Winning the cyber insurance tug of warThe three steps insurers can take to better address cyber risks, increase insurability, and improve resilience.
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Weekly BriefingWeekly BriefingIssue #45 | Nov. 21, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapThe Insurance Leaders’ PerspectiveHear from insurance leaders about the risks, opportunities and ways to stay competitive in the post-pandemic time.
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Weekly BriefingWeekly BriefingIssue #44 | Nov. 14, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapNext Level Innovation Through Open APIsTo capitalize on APIs for the next level of innovation, what are the related risks to prepare for, and what are the tips to make them work?
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Weekly BriefingWeekly BriefingIssue #43 | Nov. 7, 2022A recap of this week’s top stories in the insurance industry.
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Weekly BriefingWeekly BriefingIssue #42 | Oct. 31, 2022A recap of this week’s top stories in the insurance industry.
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Weekly BriefingWeekly BriefingIssue #41 | Oct. 24, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapDeFi Risks & Opportunities for Insurance IndustryThe future of finance is expected to improve over time, as the current financial system and the DeFi system converge.
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Weekly BriefingWeekly BriefingIssue #40 | Oct. 17, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapThe Importance of Culture & Reskilling for this Digital WorldBuilding a culture that fosters change while cultivating the spirit of continuous learning, unlearning, and relearning of skills and knowledge.
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Weekly BriefingWeekly BriefingIssue #39 | Oct. 10, 2022A recap of this week’s top stories in the insurance industry.
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Weekly BriefingWeekly BriefingIssue #38 | Oct. 3, 2022A recap of this week’s top stories in the insurance industry.
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Weekly BriefingWeekly BriefingIssue #37 | Sep. 26, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapThe Enhancement of the Insurance EcosystemEcosystems are pushing a lot of traditional players to move in the direction of connectivity, and insurance companies are benefiting from it.
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Weekly BriefingWeekly BriefingIssue #36 | Sep. 19, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapLeveraging Technology for Financial InclusionTechnology alone cannot solve the financial inclusion problem. So, what else should insurers focus on?
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Weekly BriefingWeekly BriefingIssue #35 | Sep. 12, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapHow is Insurtech Enhancing the Customer Experience?The factors affecting customer satisfaction were once barriers to access. But things are changing with the help of a broader ecosystem.
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Weekly BriefingWeekly BriefingIssue #34 | Sep. 5, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapFutureproofing the Insurance IndustryIn today’s customer journey, the value and role of insurance brokers are eroding. How do they futureproof themselves under threat?
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Weekly BriefingWeekly BriefingIssue #33 | Aug. 29, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapChanging the Game: Using AI, ML and IoT in InsuranceWhen it comes to innovation and evolving technology, investing in one technology alone will not do the trick. What should insurers do instead?
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Weekly BriefingWeekly BriefingIssue #32 | Aug. 22, 2022A recap of this week’s top stories in the insurance industry.
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FeaturedFeaturedLife Insurance Sales Recommender System Research HighlightsMilliman partnered with an insurance company to evaluate the potential applications of a recommender system for life insurance.
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Weekly BriefingWeekly BriefingIssue #31 | Aug. 15, 2022A recap of this week’s top stories in the insurance industry.
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Weekly BriefingWeekly BriefingDigital Transformation in Insurance: Where is it heading?Digital disruption has brought innovative ideas to the forefront of the industry. Many insurers have embarked on the insurtech movement.
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Weekly BriefingWeekly BriefingIssue #30 | Aug. 8, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapAI Powering InsuranceThe usability of AI to process large volumes of data is directly tied to engagement and the use cases built in the insurance apps.
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Weekly BriefingWeekly BriefingIssue #29 | Aug. 1, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapBuilding the future of insurance with partners post-COVIDInsurance is now more important than ever, and we're seeing an increase in the use of technology and its impact on consumers' lives.
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Weekly BriefingWeekly BriefingIssue #28 | Jul. 25, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapHow ecosystem thinking is changing Asia’s insurance marketThe importance of ecosystems in driving new business models in the insurance industry and helping innovate insurance products.
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Weekly BriefingWeekly BriefingIssue #27 | Jul. 18, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapHow to elevate customer experience in a post COVID-19 worldHow consumers perception towards insurance has changed, and how insurers can improve customer experience post COVID.
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Weekly BriefingWeekly BriefingIssue #26 | Jul. 11, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapEmbedded Insurance: secrets of partnership successDiscussing the secrets of successful embedded partnerships, and what to do or not do at each stage of the partnership lifecycle.
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Weekly BriefingWeekly BriefingIssue #25 | Jul. 4, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapFireside Chat: Start-Up Mindset, Real World Results. Achieve Breakthroughs in Digital DisruptionIndustry experts discussed the changing mindsets in the insurance industry and the lessons that incumbents can learn from start-ups.
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Weekly BriefingWeekly BriefingIssue #24 | Jun. 27, 2022A recap of this week’s top stories in the insurance industry.
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FeaturedFeaturedEmbedded Insurance: what is it and 5 reasons you should offer itDiscussing how embedded insurance products create new opportunities for insurers, and five reasons you should consider providing them.
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Weekly BriefingWeekly BriefingIssue #23 | Jun. 20, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapData, Analytics, and AIAnalysts discuss the increasingly pivotal role data, analytics, and AI play in the insurance space.
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Weekly BriefingWeekly BriefingIssue #22 | Jun. 13, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapAccelerating product and business innovations with InsurTech – Pt.2A continuation of the recap on “Accelerating product and business innovations with InsurTech” webinar.
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Weekly BriefingWeekly BriefingIssue #21 | Jun. 6, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapAccelerating product and business innovations with InsurTech – Pt.1Accelerating new business growth, drive efficiency, and maximize ROI in product innovation and system modernization.
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Weekly BriefingWeekly BriefingIssue #20 | May 30, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapEmbrace Imprecision: Make Perfectly Good Decisions With Imperfect Marketing DataImprove decision making and embrace the imprecision of marketing measurement.
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Weekly BriefingWeekly BriefingIssue #19 | May 23, 2022A recap of this week’s top stories in the insurance industry.
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Weekly BriefingWeekly BriefingIssue #18 | May 16, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapJourney of a Greenfield start-upThe journey as a Greenfield start-up and the potential roadblocks to watch out for.
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Weekly BriefingWeekly BriefingIssue #17 | May 9, 2022A recap of this week’s top stories in the insurance industry.
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Weekly BriefingWeekly BriefingIssue #16 | May 2, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapBuilding the Modern Insurance ExperienceHear from an expert shedding light on modern product innovation to meet the unique needs of the next generation of insurance consumers.
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Weekly BriefingWeekly BriefingIssue #15 | Apr. 25, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapBuilding the Intelligent Insurer with Advanced AI and Data AnalyticsData and AI enables insurer transformation in improving risk modeling, deepening customer insights, modernizing claims, and more.
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Weekly BriefingWeekly BriefingIssue #14 | Apr. 18, 2022A recap of this week’s top stories in the insurance industry.
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FeaturedFeatured5 ways insurers can leverage data to empower their marketingDiscussing the many creative ways data can be used to improve marketing agility and help insurers to step up their marketing strategy.
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Weekly BriefingWeekly BriefingIssue #13 | Apr. 11, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapThe rise of robotics in insuranceWhat is RPA? How does it benefit the industry? What problems can we expect to see along with the growing use of robotics in insurance?
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Weekly BriefingWeekly BriefingIssue #12 | Apr. 4, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapNew evolution of customer experience designHow Thai insurance company, TQM, found success amidst the pandemic by revolutionizing its online channels and customer experience.
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Weekly BriefingWeekly BriefingIssue #11 | Mar. 28, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapHealthtech: The innovation catalyst for the insurance industryThe intersection between healthcare technology and the insurance industry.
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Weekly BriefingWeekly BriefingIssue #10 | Mar. 21, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapUnlock The Power of Data-Driven CXExperts reveal strategies and tools for creating a data-driven CX that connects with customers in a digital-first world.
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FeaturedFeaturedThree tangible risks that should make you consider NFT insuranceThree tangible risks for NFT that should make collectors strongly consider buying an NFT insurance solution.
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Weekly BriefingWeekly BriefingIssue #9 | Mar. 14, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapThe new and effective way to approach your customersHow the insurance industry can respond to changing consumer demands by offering a new customer approach.
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Weekly BriefingWeekly BriefingIssue #8 | Mar. 7, 2022A recap of this week’s top stories in the insurance industry.
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FeaturedFeaturedAI in Insurance: A Deep-DiveAI brings unparalleled value to the insurance sector. The sooner insurers adopt AI, the more value they gain from the investments.
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Weekly BriefingWeekly BriefingIssue #7 | Feb. 28, 2022A recap of this week’s top stories in the insurance industry.
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FeaturedFeaturedSeven big trends that will disrupt the insurance industry in 2022Our roundup of the seven major trends we believe are set to disrupt the insurance landscape this year.
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Weekly BriefingWeekly BriefingIssue #6 | Feb. 21, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapCapabilities & mindsets of insurers on a digital journey for fastest speed to marketThe challenges, opportunities, and mentalities facing the insurance industry.
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Weekly BriefingWeekly BriefingIssue #5 | Feb. 11, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapHow to Unlock the Value of the CloudExperts explored questions around the journey to unlock the value of the cloud.
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Weekly BriefingWeekly BriefingIssue #4 | Feb. 4, 2022A recap of this week’s top stories in the insurance industry.
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FeaturedFeaturedFour key ways ESG will impact insurers’ strategies in 2022 and beyondESG is certain to impact insurers' strategies in the coming years in several critical ways.
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Event RecapEvent RecapInsurtech 2.0: The next evolution of insurance technology and innovationExamples of new and old players in the insurance landscape, and how they’re driving the evolution of insurance technologies.
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Weekly BriefingWeekly BriefingIssue #3 | Jan. 28, 2022A recap of this week’s top stories in the insurance industry.
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Event RecapEvent RecapState of Insurance CX: AI, Automation and the Customer Experience RevolutionThe role of AI and automation in transforming the customer experience in insurance.
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Weekly BriefingWeekly BriefingIssue #2 | Jan. 21, 2022A recap of this week’s top stories in the insurance industry.
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FeaturedFeaturedInsurance CX debtTo avoid upsetting user experiences and better serve customers, it is vital for insurers to prioritize CX design in product planning and development.
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Weekly BriefingWeekly BriefingIssue #1 | Jan. 14, 2022A recap of this week’s top stories in the insurance industry.