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 2018 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.