Seminar 217, Risk Management: Digitally-driven change in the insurance industrydisruption or transformation?
Seminar | February 15 | 12:30-2 p.m. | 1011 Evans Hall
Speaker: Jeffrey Bohn, Swiss Re
As technology continues to insinuate itself into all facets of financial services, the insurance industry faces a slow-motion parade of promise, possibilities, prematurity, and pared-down expectations. Digitization, the birth of InsurTech, machine intelligence, and the collection & curation of (orders of magnitude) more structured & unstructured data are changing (and will continue to change) the industry in material waysnot always in line with predictions. This presentation describes (from a large insurers perspective) trends and challenges related to how technology and societys digitization are irrevocably changing risk markets and insurance. Based on the described trends, one nuanced answer will be suggested to the question of whether insurance is being disrupted or transformed.