Posts Tagged ‘technology’



June 18th, 2019

As We Enter the Era of the Ecosystem Economy, Are We Prepared for the Risks?

Posted at 1:00 AM ET

Leslie Chacko, Managing Director of Digital, Technology and Innovation at Marsh & McLennan Solutions

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We are entering the era of the ecosystem economy, in which complex networks of companies across industries collaborate to provide seamless experiences for customers. The economic opportunity of operating in an ecosystem is sizable and unprecedented - but so are the risks.

Digital ecosystems - enabled by data, emerging technologies and innovative platforms - are anticipated to be a major contributor to unlocking the so-called USD 100 trillion digital dividend by 2025. That is larger than global GDP today.

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June 17th, 2019

New products and data key to building more resilient societies, says Schauble; MMC Young Professionals’ Global Forum 2019

Posted at 9:34 AM ET

As climate change rises up the agenda, there are huge opportunities to help companies manage risk in the burgeoning weather protection market, said Barney Schauble, Managing Principal, Nephila Advisors. Speaking at the MMC Rising Professionals’ Global Forum, he said: “It feels like the early days of the catastrophe ILS market.”

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June 14th, 2019

Artificial Intelligence will help automate bespoke policies, says Lloyd’s Maynard; MMC Young Professionals’ Global Forum 2019

Posted at 1:13 PM ET

Artificial Intelligence (AI) offers the potential to automate how the insurance market delivers truly bespoke insurance products, according to Trevor Maynard, Head of Innovation at Lloyd’s.

Speaking at the MMC Rising Professionals’ Global Forum in London, Dr. Maynard said: “AI raises some really interesting possibilities in terms of automating how we deliver bespoke insurance products.”

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June 13th, 2019

“The Age of Risk has just begun,” believes Marsh & McLennan’s Dan Glaser; MMC Young Professionals’ Global Forum 2019

Posted at 12:05 PM ET

“There is no better time to be in the risk business than right now,” said Dan Glaser, President and Chief Executive Officer of Marsh & McLennan, in his opening address to delegates at the MMC Rising Professionals’ Forum 2019 in London.

“The world around us is moving at such a rate that it is in a constant state of VUCA - volatility, uncertainty, complexity and ambiguity,” he continued. “In the past, it might have been a country, a state or a sector that was in a VUCA state, but today it is the whole world. Every single company is in a state of VUCA - there is no sense of security anymore.”

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June 12th, 2019

John Neal: Lloyd’s must seize “once in a generation” opportunity to embrace digital transformation; MMC Young Professionals’ Global Forum 2019

Posted at 3:04 PM ET

The Lloyd’s market must evolve and evolve fast or risk driving itself into irrelevance. This was the warning from Lloyd’s chief executive Mr. John Neal as he addressed delegates at the 2019 MMC Rising Professionals’ Global Forum in London today.

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June 12th, 2019

Marsh & McLennan Stresses Next Generation Industry Leaders Must “Adapt or Face Extinction”

Posted at 9:34 AM ET

Marsh & McLennan Companies’ Rising Professionals’ Global Forum 2019 opened in London today, with approximately 700 delegates attending the two-day event to hear from world class speakers on the central theme for the Forum – Adaption or Extinction.

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June 4th, 2019

Insurance Risk Management 2025: Navigating the Digital Future

Posted at 1:00 AM ET

How could the insurance industry look in 2025, and what are the implications for the risk function? A video from Guy Carpenter affiliate Oliver Wyman offers a futuristic glimpse of a rapidly evolving industry.

The insurance industry of today is already highly complex. However, this complexity is only likely to increase as business models evolve, the speed of change regarding data and technology accelerates and the risks that the industry faces change and expand. For many organizations, the risk function’s ability to keep pace with these changes will be a defining factor in their survival and success.

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May 29th, 2019

From Risk To Strategy: Embracing The Technology Shift

Posted at 1:00 AM ET

969187372Technological change and digitalization can help risk functions in Asia Pacific increase their efficiency and effectiveness, but this will require new skills at an individual level, a supportive organizational environment and a well-managed transformation program.

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May 28th, 2019

How Will Gene Therapy Change the Health Insurance Landscape?

Posted at 1:00 AM ET

diagnostic-risk-squareGene therapy is a new kind of specialty medical treatment. A patient receives a one-time injection of DNA-filled viruses, and those viruses get to work changing the way a patient’s cells react. So far, three gene therapy treatments have been approved by the U.S. Food and Drug Administration: two are CAR T-cell immunotherapy treatments used for fighting leukemia, and one treats a hereditary blindness condition. Gene therapy is now considered an experimental treatment. If it enters the standard of care, payers may be faced with a whole new universe of high-cost claims.

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