Trends

Insurance is being transformed. Old practices are being rethought ; new practices introduced. Yet there are bigger and more fundamental changes happening. The tectonic plates for insurance are shifting, with potentially enormous consequences.
31 posts
Trends
Has Flood Re worked? public
Personalisation 7 min read

Has Flood Re worked?

Has Flood Re worked? And if so, who is it working for the most? A Bank of England study addresses these questions, but with presumptions and interpretations that are open to challenge. This highlights why the policy landscape for flood insurance needs more diversified debate.…
Duncan Minty
Duncan Minty
Research finds Challenges Ahead for Digital Insurance public
Personalisation 2 min read

Research finds Challenges Ahead for Digital Insurance

An independent think tank has found that people face significant hurdles to engaging with the biggest trend in financial services. As that trend is central to the digital future of insurance, their research gives insurers much to take on board when weighing up products, pricing and distribution.…
Duncan Minty
Duncan Minty
Insurance as a Common Good public
Fairness 3 min read

Insurance as a Common Good

Could insurance be considered as a form of common good? And if so, how might that have come about? And more importantly, how might it influence the way in which insurance markets are allowed to digitally transform?…
Duncan Minty
Duncan Minty
Is Adverse Selection being Replaced by Inverse Selection? public
Underwriting 4 min read

Is Adverse Selection being Replaced by Inverse Selection?

Insurers have long been concerned about adverse selection. They see today’s data and analytics as helping them reduce their exposure to it. Yet that explosion of data and analytics could not just reduce adverse selection, but flip it over, creating what is being called inverse selection.…
Duncan Minty
Duncan Minty
The Ethical Challenges facing Behavioural Economics in Insurance public
Trends 10 min read

The Ethical Challenges facing Behavioural Economics in Insurance

The influence of behavioural economics in insurance is growing. Many insurers now use nudges when engaging with consumers. So the ethics of behavioural economics is important. A Swiss Re report explores that ethics angle. There’s lots of good stuff in it, but with some challenges needing attention.…
Duncan Minty
Duncan Minty
Could Financial Inclusion be at a Turning Point? public
Regulation 9 min read

Could Financial Inclusion be at a Turning Point?

Pressure is being put on the UK Government to raise the attention that the regulator gives to financial inclusion. Not many of you will realise that, at the moment, such attention is pretty discretionary. Will this pressure succeed? And if it does, what repercussions could this have for insurers?…
Duncan Minty
Duncan Minty
Underwriting 4 min read

Are Expectations for Automated Underwriting Realistic?

A Swiss Re executive wrote an interesting article this month on the automation of life and health underwriting. The article sets out the expectations firms like Swiss Re have for automation, but is surprisingly quiet on the hurdles it still needs to address for those expectations to be realised.…
Duncan Minty
Duncan Minty
The Big Ethical Challenge for Insurers in 2022 public
Data Ethics 6 min read

The Big Ethical Challenge for Insurers in 2022

Insurers should move on from their recent focus on resilience and concentrate on adaptability. Social trends, market trends and regulatory trends all point to a flexibility to adapt mattering most. Insurers need to reflect this in their strategies, systems and continuity plans.…
Duncan Minty
Duncan Minty
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