Above, James Maudsley, Global Head of Insurance for Equinix, discusses the emerging Insurance electronic data ecosystem, telematics, and what the future holds for the industry.
Equinix BlogInsuring a Bright Future
Analyzing China’s Insurance Industry
The Future of Insurance
The Insurance Industry Game Changer: Technology
Are Macro Trends Driving Insurance Opportunities? The Answer is YES!
CHALLENGE TO CHANGE: A 3-PART WHITE PAPER SERIES
“Challenge to change” explores the future growth drivers of the global Insurance industry. Looking into the economy, regulatory landscape, technological innovation, business process and workforce and talent issues, and many other areas, the papers entitled “The Impact of Technology”, “The Economy, People, and the Future of Work” and “The Future of Insurance” examine the drivers, opportunities and challenges of an incredibly rich and evolving sector. The “Challenge to Change” series is for multiple insurance sectors - from Life to Property and Casualty, Large Commercial to Long Term Care - across multiple delivery channels and operations types. It is designed to be an important discussion tool to facilitate strategic thinking about how to create new business opportunities and respond to challenges positively.
“Challenge to change” is a three-part white paper series that explores the future growth drivers of the global Insurance industry. This paper looks at "The Future of Insurance." Leading experts are making compelling arguments that insurance needs to change. While the challenge to change is significant, the benefits of doing so are growing in an increasingly global industry.
“Embracing Change,” sets out the compelling global shifts that will radically alter the macro-environment of the insurance industry. Some of this transformation is already underway and is opening up opportunities and challenges in the way insurers operate around the globe. In this section, we explore the key global drivers of this change.
There can be little doubt that accelerating systemic change is impacting the insurance industry’s wider operating environment. Whilst technology as a whole could be considered as one major contributing factor or amplifier of these trends, the emergence and proliferation of various technologies presents insurers with a wealth of options to reshape their business models and add value to their services.
TRENDS IN THE GLOBAL INSURANCE INDUSTRY
John Knuff, VP Enterprise, discusses Big Data, analytics, reinsurance growth, and other trends in global insurance markets.
Trends & Technology
In order to provide brokerages a better understanding of the new features of GES EX Securities Trading System, Global eSolutions (HK) Limited (GES), a leading financial trading platform vendor in Hong Kong, will organize a “GES EX Securities & Fund Front-end Trading System Workshop” on August 10, 2016 to introduce how GES EX Securities Trading System could help brokerages to expand global equities and fund management business.
The insurance sector is looking to new markets for growth and James Maudslay of Equinix says technology will have a major role to play in enabling the success in those new territories.
GR provides in-depth articles on cloud topics ranging from how the technology will change the evolution and use of catastrophe models, the use of multiple clouds and how cloud technology can help standardise (re)insurer service. One part of the world that can certainly benefit from cloud computing is the Asia-Pacific region. In particular, the growing Asia telematics motor insurance industry can benefit from the new hosting technology – more on this later in the report.
Equinix strongly believes that the insurance market, a market that is already a natural ecosystem, will derive huge benefit from development of a true digital ecosystem making it easier and more effective to transfer data between market stakeholders.
International data centre operator Equinix believes insurers need to think more about where their data is stored as regulations increase in Asia.
Senior mangers from across the Asian re/insurance sectors gathered in Singapore and Hong Kong to hear how the use of the cloud will continue to shape the face of the industry.
Technology has long been a source of frustration for many and the needs of provider and client can often see a mismatch. James Maudslay, Global Head of Insurance at Equinix explains how working together can achieve real results.
The ACORD Forum Asia was recently held for the second consecutive year in Singapore, and delegates shared their willingness to embrace new technology and standards in pursuit of business efficiency and growth.
The Insurance Industry Game Changer: Technology
Technology, namely the emerging era of the Internet of Things (IoT) is linking people, objects and processes together, creating an explosion of data that is radically altering the insurance industry and shifting its traditional expectations. And, Asia is taking the lead in terms of IoT implementation, according to a Forrester report.
Inga Beale, Lloyd's CEO
Inga Beale, Lloyd's CEO is interviewed by ReinsuranceMag at Monte Carlo, and discusses growth in the Chinese Sector and other developing economies.