Insurtech In A Pandemic: Creating Opportunities From Threats

 Tuesday, July 7, 2020

 Cass Business School

Researchers from Cass Business School suggest that Covid-19 will act as a catalyst for the industry-wide adoption of new digital initiatives in the insurance industry.

They also suggest that the pandemic has uncovered the value to firms of having a Chief Risk Officer (CRO) to navigate strategy and identify opportunities.

The study, authored by Cass alumna Sarah Ruberry MSc, FCA, ACII and Dr Cormac Bryce, Senior Lecturer in Insurance at Cass, found that insurance organisations often prioritise inward-facing, prescriptive digital strategies, often to the detriment of an outward-facing integrated strategy to target upside risk.

The rapid acceleration of Covid-19 to a global pandemic has triggered business continuity plans across the world and has bought about a wholescale change in working practices for insurers.

With a ‘new normal’ yet to be defined amidst the challenges of evaluating an evolving cornerstone within the insurance industry, speed and efficacy of data has become increasingly important.
TechnologyRisk Management
BROWSE RELATED NEWS ARTICLES

ERM Shows Its Worth In Pandemic

 Tuesday, July 7, 2020

 Insurance Thought Leadership

The Future Of Insurtech

 Tuesday, June 23, 2020

 Insurance Business

Accelerator: Pandemic Forces Fastest Transformation Ever

 Thursday, April 23, 2020

 Insurance Business America

Will COVID-19 Disrupt Insurtech?

 Tuesday, March 31, 2020

 Insurance Thought Leadership

6 Insurtech Predictions For The 2020s

 Friday, February 28, 2020

 Digital Insurance

10 Insurtech Trends At The Crossroads

 Wednesday, January 3, 2018

 Insurance Thought Leadership

Connected Homes Creating Opportunities for P&C Insurers

 Thursday, August 21, 2014

 Insurance Networking News