1) The document discusses key drivers of change and opportunities for large insurers, including a fast-changing economic environment, pressure on profitability, digital disruption, and increasing regulation.
2) It outlines capabilities insurers need to develop, including becoming more agile, analytic, client-centric, and innovative. This involves capabilities like predictive analytics, personalized client experiences, and new products.
3) The document identifies four enablers insurers can leverage: technology, operating models, talent management, and an integrated approach to compliance. This includes developing a risk-adjusted operating model and compliance culture.
4th Annual RiskMinds Insurance Conference - Stream B: The future of Insurance Regulation
1. 4th Annual RiskMinds Insurance Conference
Stream B: The future of Insurance Regulation
“What will the market look like and how will it behave?
Drivers of change and opportunities for Insurers”
Eric Jeanne & Markus Salchegger
Markus: enablers should include risk management. Not only enabler, but also RM perspective: what does it mean from a RM perspective to manage these enablers? Insurers need to make sure they’re not getting damaged. New RM discipline cyber threats, protecting data, ensuring that oprisk is managed properly, reputation risk… All these things are a direct effect of making use of the enablers we mention. Bring RM aspects on section 3.