Insurance Law Update

The implications of digital will extend into operational efficiencies, the customer experience, the changing risk landscape, and products. Digital transformation will be required in life & wealth and property & casualty, both commercial and personal lines, as well as reinsurance.DXC hosted a live webinar on how to make the most out of your digital transformation journey. We discussed how leaders in the industry now are striving to build an organizational and technological platform to allow for rapid response to opportunities and threats in the marketplace. This is where true digital transformation becomes a possibility. .

Watch this webinar on-demand from the Insurtech Connect Asia Summit to learn how insurance companies in Asia are using intelligent automation, RPA and AI to improve the customer experience. Whether it's quote and bind, on-boarding, policy management or claims, intelligent automation has cemented its place as a strategic driver for transformation.

The Patient Protection and Affordable Care Act (ACA) of 2010 changed several aspects of the law concerning access to health insurance that were particularly salient for people with disabilities. These changes included removing limits on preexisting conditions, extending parent’s health insurance coverage of young adults until the age of 26, expanding Medicaid to more adults with low incomes, and making it easier to obtain affordable coverage outside the traditional employer-sponsored benefit system.

Managing life insurance has been harder this last year than any year in recent memory, with volatile equity markets and historic low interest rates that have damaged policy performance and unprecedented cost of insurance (COI) increases causing premiums on policies to more than double overnight. In this volatile environment most trustees are in need of insight to adequately manage life insurance, which needs specialized knowledge in a number of skill sets, including not only policy management, but TOLI administration.