New Decision Net™ Feature Enhances Compliance Controls

It’s 2030. Customers have direct control over their health data and can share it with third parties at the tap of a phone. Protection and health insurers no longer need to ask GPs for medical records to validate their health profile – they can ask customers to share their health data with them directly. A new relationship of trust will be born. But will this create new barriers across insurance markets? Or will it create opportunities to transform how insurers are able to use that health data to partner with customers protect and support their health?

To those in the insurance industry, it probably feels like more change has been packed into the past 4 years than we’ve experienced in the past 10 or even 20 years. The exploding number of startups and greenfields, along with the growing investment in InsurTech is a powerful indicator of this change…FinTech Global recently reported that there were 101 deals through Q3 2018 worth $2.5 billion, compared to just 40 deals worth $105 million in 2014. More and more companies from both outside and inside the industry are moving to take advantage of the tremendous opportunities that are defining the future of insurance…Digital Insurance 2.0.

With hardening markets across many product lines, challenging reinsurance markets, and preparations for a once in a generation regulatory change on pricing, it could be said that the general insurance market is living through a perfect storm. Looking ahead to 2022 and the changes on the horizon, might the tide be about to turn? Or will the grave impacts of climate change, an ongoing pandemic, and the threat of many other headline-making loss events, such as a large-scale cyber-attack, mean that this is a state of play to get used to? This lively panel debate considers the overall state of the general insurance market, what routes there are to a more stable market, whether we should expect this period of instability to continue, and seeks to answer if general insurance is living through a perfect storm or not?

This webinar discusses practical implications carriers and service providers should be thinking about as they look to comply with its requirements through the transition period