When data meets analytics – how will innovation open up new insurance markets?
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From blockchain to artificial intelligence, technology is changing our world. As industries are evolving, the insurance industry is using data and analytics to help spark innovation.
Global P&C business again produced an underwriting profit in 2018, with a combined ratio of 98.9%
Motor insurance is the fastest growing line of business, with 6.8% annual growth over the past five years, driven by strong growth in China, Brazil, and the US
For the fourth year in a row, Malaysia, Indonesia, and Singapore are ranked within the top five positions in Aon’s Country Opportunity Index
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By Tom Roth
Insurance Risk Study
With access to global resources and a broad network of local market practitioners, we are equipped to provide insight across a spectrum of lines, products, and geographies.
“
”
Enabling Strategic Growth >> Insurance Risk
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By Emma Karhan
By Kelly Superczynski
By Matt Wyckhouse
Why the Internet of Things should be on insurers' radars
Only 1% of IoT vulnerabilities are reported about a specific device, according to research by Finite State.
“
”
Doing business in a volatile world >> Internet of Things
20.4 billion connected
devices by 2020
More news from
READ ARTICLE
Disruptive Technology >> Social Media
Weather volatility and chronic climate risk
by Greg Lowe
Weather volatility and chronic climate risk
of companies' profitability
is impacted by weather
88%
READ ARTICLE
Market Trends >> Division Statutes and Insurance Business Transfers
Divide or Transfer
by Matt DiSanto
by Kelly Superczynski
Divide or Transfer
READ ARTICLE
Bridging the Insurer Talent Gap
Disruptive Technology >> Social Media
by Dan Weber
Bridging the Insurer Talent Gap
What does technology mean to your business?
Upskilling vs attracting new talent
Opportunities to outsource talent
Strategically uniting business and technology for better results
READ ARTICLE
The Protection Gap and Large Volcanic Eruptions
The Costs of Global Climate Change >>
Volcanic Eruptions
by Russell Blong
The Protection Gap and Large Volcanic Eruptions
VEI 7 Eruption
2 VEI 7 eruptions
recorded every
1,000 years.
1,000
2
Potential annual production losses of wheat, maize, rice and soybean equal to the food for 2.3 billion people
READ ARTICLE
Modelling the Evolving Terrorism Landscape: A Data Scientist’s Perspective
Doing Business in a Volatile World >> Machine learning
By Dr. Stephen Tench
Modelling the Evolving Terrorism Landscape: A Data Scientist’s Perspective
Mapping the streets of key cities
Using machine learning to identify preventative measures
Simulating what an attack may look like and estimating losses
by Steve Mildenhal
"Database users have three concerns: does the data have integrity, is the data valid, and is the data secure?"
Blockchain
Disruptive Technology >> Blockchain
Blockchain
by Petr Punčochář
"Don’t be fooled by magnificent maps: pick the right tool to boost your flood risk understanding"
Insuring Flood Guide
De-Risking Cities & Countries >> Flood
Insuring Flood Guide
by Gerard-Jan Van Berckel
"The investment opportunity presented by the real estate debt market is significant, with nearly £1000bn of debt available in Europe alone."
"
Investment
Market Trends >> Investment
Investment
by Tracy Hatletstad
"A long-term perspective is critical - especially within the industry"
Jeffrey Ma
Disruptive Technology >> Predictive Analytics
Jeffrey Ma
by Paul Eaton
Respondents to Aon's 2017 Global Risk Management Survey cite" disruptive technologies / innovation” such as VR and AI, as an “emerging risk"
Demystifying AI
Disruptive Technology >> Artificial Intelligence
Demystifying AI
by Jon Laux & Matthew Honea
A cyber-attack on a US dam could cause a silent cyber exposure to insurers, with total insured losses of up to $10 billion.
Silent Cyber Scenario
Disruptive Technology >>
Cyber
Silent Cyber Scenario
by Tom Roth
Motor insurance is the fastest growing line of business, with 6.7% annual growth over the past five years.
Insurance Risk
Market Trends >>
Insurance Risk Study
Insurance Risk
by Liz Henderson
The Role of Insurance in Building Resilience
Closing the Protection Gap
De-Risking Cities & Countries >> Protection Gap
Closing the Protection Gap
by Emma Karhan
How is Terrorism Impacting Insurance Markets?
De-Risking Cities & Countries >> Terrorism
How is Terrorism Impacting Insurance Markets?
by Thomas Croshaw
Social media's role
De-Risking Cities & Countries >> Terrorism
Social media's role
When data meets analytics – how will innovation open up new insurance markets?
From blockchain to artificial intelligence, technology is changing our world. As industries are evolving, the insurance industry is using data and analytics to help spark innovation.
SCROLL FOR MORE
by Steve Mildenhal
"Database users have three concerns: does the data have integrity, is the data valid, and is the data secure?"
Blockchain
Disruptive Technology >> Blockchain
"The investment opportunity presented by the real estate debt market is significant, with nearly £1000bn of debt available in Europe alone."
by Gerard-Jan Van Berckel
Investment
Market Trends >> Investment
by Petr Punčochář
"Don’t be fooled by magnificent maps: pick the right tool to boost your flood risk understanding"
Insuring Flood Guide
De-Risking Cities & Countries >> Flood
by Tracy Hatletstad
"A long-term perspective is critical - especially within the industry. Short-term variances will always exist"
Jeffrey Ma
Disruptive Technology >> Predictive Analytics
by Paul Eaton
Respondents cite "disruptive technologies / innovation" such as VR and AI as an "emerging risk"
Demystifying AI
Disruptive Technology >> Artificial Intelligence
by Tim Roth
Motor insurance is the fastest growing line of business, with 6.7% annual growth over the past five years.
Insurance Risk
Market Trends >> Insurance Risk Study
by Jon Laux & Matthew Honea
A cyber-attack on a US dam could cause a silent cyber exposure to insurers, with total insured losses of up to $10 billion.
Silent Cyber Scenario
Disruptive Technology >> Cyber
by Liz Henderson
The Role of Insurance in Building Resilience: CLosing the Protection Gap
De-Risking Cities & Countries >> Protection Gap
by Emma Karhan
How is Terrorism Impacting Insurance Markets?
De-Risking Cities & Countries >> Terrorism
by Thomas Croshaw
Social media’s role
Read article >
Disruptive Technology >> Social Media
$3.2 billion
An estimated
Source: Hootsuite
people
are
active users of social media
2007
2012
2018
0
700
350
Number of Incidents Over Time
by Greg Lowe
Weather Voaltility
Read article >
De-Risking Cities & Countries >> Climate Risk
88%
of companies' profitability is impacted by weather
How can businesses use capital to effectively address weather and climate-related risks?
by Kelly Superczynski
by Matt DiSanto
Divide or Transfer
Read article >
Market Trends >> Division Statutes and Insurance Business Transfers
Recent legislation passed in
10 states (and growing) substantially expands
a US company’s ability to manage legacy liabilities:
Divide its book of business, including liabilities, into a separate entity (Division Statute)
Transfer business, including liabilities, into a separate entity (Insurance Business Transfer)
By Dan Weber
Bridging the Insurer Talent Gap
Read article >
Impact of Industry 4.0 >> Insurer Talent Gap
What does technology mean to your business?
Upskilling vs attracting new talent
Opportunities to outsource talent
Strategically uniting business and technology for better results
By Russell Blong
The Protection Gap and
Large Volcanic Eruptions
Read article >
The Costs of Global Climate Change >> Volcanic Eruptions
VEI 7 Eruption
2 VEI 7 eruptions recorded every
1,000 years.
1,000
2
Potential annual production losses of wheat, maize, rice and soybean equal to the food for 2.3 billion people
By Dr. Stephen Tench
Modelling the Evolving Terrorism Landscape: A Data Scientist’s Perspective
Read article >
Doing Business in a Volatile World >>
Machine learning
Mapping the streets of key cities
Using machine learning to identify preventative measures
Simulating what an attack may look like and estimating losses
Insurance Risk Study
Enabling Strategic Growth >> Insurance Risk
By Tom Roth
With access to global resources and
a broad network of local market practitioners, we are equipped to provide insight across a spectrum of lines, products, and geographies.
Read article >
“
”
Global P&C business again produced an underwriting profit in 2018, with a combined ratio of 98.9%
Motor insurance is the fastest growing line of business, with 6.8% annual growth over the past five years, driven by strong growth in China, Brazil, and the US
For the fourth year in a row, Malaysia, Indonesia, and Singapore are ranked within the top five positions in Aon’s Country Opportunity Index
Why the Internet of Things should be on insurers’ radars
Doing business in a volatile world >> Internet of Things
Emma Karhan
Kelly Superczynski
Matt Wyckhouse
Only 1% of IoT vulnerabilities are reported about a specific device, according to research by Finite State.
Read article >
“
”
20.4 billion connected
devices by 2020