In the past few months, I've been discussing with Reuters Event about the new technology landscape and upcoming trends Life insurers are facing in Canada and the US, and how they could ultimately transform their business. Happy to share that we were able to formalise that in the form of a white paper! If you are interested in finding out what senior leaders in the industry are focusing on to drive growth, enhance customer experiences, and navigate today’s uncertain times, here’s the link: https://lnkd.in/eHxMdkM7#lifeinsurance#evolvebeyond#analytics#insurtech#underwriting#claimsReuters Events Insurance
What lies ahead for insurers in 2025-26?
In our latest Global Economic and Insurance Market Outlook, we explore:
🌎 Which regions will drive growth—and which will lag?
🌪️ How do natural catastrophes and social inflation shape pricing and profitability in P&C insurance?
📊 What challenges and opportunities do the 5Ds—deglobalization, decarbonization, demographics, digitalization, and debt—present for insurance markets?
Stay ahead of the trends shaping your industry and download the full report: https://ow.ly/xOPk50Uo4k9
At AM Best's Europe Insurance Market briefing last week, Greg Carter, MD Analytics, shared an update on credit rating activity and outlooks for the EMEA market.
His final slide has some interesting food for thought:
#AI#inflation#insurance#climatechange
The insurance industry has been through the ringer, to say the least.
Moving forward, insurance carriers must harness data-driven insights and technology to thrive in this challenging regulatory, geopolitical, and economic landscape.
Download Forrester's complimentary 'The Future of Insurance' report to learn how businesses can refresh their consumer data strategies to acquire, bundle, and retain their most profitable customers, and thrive in a volatile market: vrsk.co/43GSGi8#InsuranceInsights#InsuranceLeadership#Forrester
Knowing that you are protected against life's uncertainties allows you to focus on what matters most.
By having a financial safety net, you can worry less about unexpected events and focus on your loved ones, your career, and your personal goals.
Prosumer Connect | www.prosumerconnect.co.za#Prosumer#Insurance#Prepare#Proactive#Learn#Risk#Protect
I enjoyed connecting with Lori Chordas from AM Best TV at #RISKWORLD. We discussed the dynamic trends shaping the insurance industry and Zurich's innovative approach in assisting customers to navigate through emerging and evolving risks. A key topic was social inflation, a factor that is progressively driving up the costs of claims, and as a result, could influence insurance premiums. Zurich North America is taking several steps to combat social inflation. Stay tuned for AM Best’s video that we’ll share once published to hear about our efforts. #RIMS2024#RiskManagement#InsuranceTrends#SocialInflation
At #RISKWORLD, our Zurich North America CEO, Kristof Terryn, had the opportunity to sit down for a conversation with Lori Chordas of AM Best TV. We truly appreciate Lori and the AM Best Team's commitment to sharing #insurance industry news and insights.
During the interview, Kristof offered a look into the latest developments at Zurich, including our focus on #innovation. He highlighted our recent acquisition of SpearTip, which enhances our cyber resilience capabilities by offering pre and post-loss mitigation on the cyber front. He also touched on the launch of our two A&H platforms designed to support #gig workers.
Kristof provided an insightful perspective on the evolving P&C market, noting that trends similar to last year persist. Social inflation or litigation abuse continues to be a major driver of loss cost, and we're seeing an increase in the severity of NATCATs.
A key topic was the role of #AI and technology in our industry. Kristof shared specific examples of how Zurich is leveraging these tools in #Claims and #Underwriting, demonstrating how technology is transforming our operations and services.
Stay tuned to watch this conversation when it publishes on AM Best TV. #RIMS2024#RiskManagement#SocialInflation#InsuranceTrends
I enjoyed connecting with Lori Chordas from AM Best TV at #RISKWORLD. We discussed the dynamic trends shaping the insurance industry and Zurich's innovative approach in assisting customers to navigate through emerging and evolving risks. A key topic was social inflation, a factor that is progressively driving up the costs of claims, and as a result, could influence insurance premiums. Zurich North America is taking several steps to combat social inflation. Stay tuned for AM Best’s video that we’ll share once published to hear about our efforts. #RIMS2024#RiskManagement#InsuranceTrends#SocialInflation