INSURANCE PRODUCTS of THE FUTURE · • Consumer protection SOCIETY • Population aging •...
Transcript of INSURANCE PRODUCTS of THE FUTURE · • Consumer protection SOCIETY • Population aging •...
Alexandru CIUNCAN
General Manager
UNSAR
INSURANCE PRODUCTS of
THE FUTURE
INSURERS
Source: GDV Presentation, GIF
RISK LANDSCAPE• Natural hazards• Cyber risks
REGULATION / SUPERVISION• Solvency II• GDPR• Consumer protection
SOCIETY• Population aging• DIGITALISATION• Division in lifestyles MARKETS
• Low interest rates• New competitors• Sharing economy
TECHNOLOGY• DIGITALISATION• Automation• Mobility
POLITICS• Geopolitical uncertainties• Climate change• Tax reforms
INSURANCE INDUSTRY in a
CHANGING WORLD
PRODUCT DESIGN
SALES & DISTRIBUTION
UNDERWRITING & PRICING
POST-SALES SERVICE
CLAIMS MANAGEMENT
Source: EIOPA InsurTech RoundTable, presentation by Allianz
FULL IMPACT
Source: https://9to5mac.com/guides/apple-watch-series-4/
Source: https://www.nn-group.com/Media/Article/Protect.me-NN-Hungarys-innovative-insurance.htm
BRACE FOR THE FUTURE
…television wouldn't last because "people will soon
get tired of staring at a plywood box every night.”
1946, Darryl ZANUCK, movie producer, 20th Century Fox
"There is no reason anyone would want a computer in their home."1977, Ken OLSEN, founder of Digital
Equipment Corp.
10X