INSURANCE SECTOR TRENDS: 2017 YEAR END REVIEW AND FORECAST FOR 2018

February 15, 2018

2018 will be a dramatic year for the insurance industry. Geopolitical and economic developments will impact the industry. From the devastation towards the end of 2017 and in early 2018, it seems clear that the industry will continue to see an increase in natural disasters. These terrible events, of course, provide the industry with the opportunity to do what it does best, respond and assist policyholders.

Spotlight

Global Benefits Group (GBG)

GBG is a leading global insurance service company. We are a fully integrated insurance group with a focus on providing a range of insurance services designed to meet your needs. We service health, life, disability, and travel insurance, with a client base that spans multinational corporations, expatriates, international students, high net-worth individuals, international schools, and non-profit organizations.

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Multi-occupancy buildings insurance - broker remuneration

whitePaper | April 25, 2023

Read the findings of the FCA’s multi-occupancy buildings insurance broker remuneration review, its conclusions and next steps. One of the findings in the broker market was evidence of some high commission rates and poor practices which were not consistent with driving fair value to the customer.

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CYBER INSURANCE 101

whitePaper | January 15, 2020

In this video, learn how a territory manager reviews agency performance in their region and looks at AI-powered performance predictions for leads and flags from a specific agency. Microsoft is helping insurance companies redefine how they do business by empowering them to engage more effectively with agencies, gain insights on agent performance, and leverage AI to improve interactions.

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GBA Outlook Opportunities in Insurance

whitePaper | July 22, 2022

On February 18 2019, the State Council announced the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area (the Outline Development Plan). This is an ambitious plan to develop a worldclass bay area ideal for living, working, and travelling between the nine municipalities in Guangdong Province and the two Special Administrative Regions (SARs). As one of the most open, economically vibrant regions in China, the Greater Bay Area has a major strategic role in commencing and dictating a new phase of economic and social growth. In addition to its mission of facilitating China's quest to develop a world-leading city cluster, the Outline Development Plan also promotes active participation across the GBA in the related work of the Belt and Road Initiative by leveraging the competitive advantages created by the two free trade economies of Hong Kong and Macao.

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Elevating the insurance customer experience

whitePaper | October 4, 2022

Maturing markets, tight capital, increasing risk, and technologically sophisticated customers are just some of the pressures the insurance industry faces today. As a result, insurers have to work faster, more efficiently, and above all smarter. Those that do can thrive while others fail. Insurers need to be more nimble, innovative, and connected with their customers. The IBM Global Insurance team has reinvented itself, providing solutions to help clients meet the demands of today’s insurance business. From enhanced customer service to greater efficiency in the back office and improved risk management, there’s a smarter solution for you. For more information about IBM Insurance solutions, visit www.ibm.com/insurance.

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A 3-Step Guide to Insurance Transformation

whitePaper | March 2, 2020

The insurance industry is operating in an age of radical disruption. Traditional insurers are no longer safe, with insurtechs challenging incumbents to rethink their business and operating models. The diversification of product offerings and ever-growing price competitiveness mean that customer expectations are changing faster than ever before.

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Data culture: The insurance imperative for growth and resilience

whitePaper | March 17, 2022

The challenges facing the insurance industry have accelerated a shift in customer expectations for digital-first, streamlined and personalised relationships. This content highlights how creating a strong data culture can enable insurers to improve decision making and enhance the customer experience.

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Spotlight

Global Benefits Group (GBG)

GBG is a leading global insurance service company. We are a fully integrated insurance group with a focus on providing a range of insurance services designed to meet your needs. We service health, life, disability, and travel insurance, with a client base that spans multinational corporations, expatriates, international students, high net-worth individuals, international schools, and non-profit organizations.

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