Insurance

News, trends and technology insights for the insurance industry

Mergers in insurance: Is bigger better?

Faced with a raft of challenges such as third-party capital, soft market conditions and impending regulation around the globe, the reinsurance industry has been consolidating. Deals have been announced between some of the biggest players in the market and some of the well-known names are disappearing fast. But what are the long-term benefits of the […]

What’s driving transformation in the health insurance industry?

health insurance transformation CSC Blogs

The healthcare sector is being buffeted by forces it has little control over. That an industry is facing challenges is not new, and, after all, trials and tribulations have a wonderful way of forcing companies or entire sectors to modernise for the benefit of all. However, what goes on at the chrysalis stage is critical […]

The 4 pillars essential to insurance technology success

As insurance markets transform and providers compete with other financial services organizations for business, evolving operational strategies is no longer optional – it’s critical. A big piece of this is, of course, technology. Insurance companies need IT solutions that foster the enablement of new strategies and help them drive operational excellence, product innovation and customer service. By embracing digitization, […]

Is this Asian insurance market primed for a tech transformation?

myanmar asia insurance CSC Blogs

Only one in 86 people in Myanmar hold an insurance policy today, according to UK research firm Timetric. But with the country’s insurance market set to undergo some degree of liberalisation at the end of 2017 — and with a population of 55 million people — the potential for growth is exponential as insurance penetration increases over the next […]

Why now’s the time for insurers to invest in new technology

Deciding to switch from a legacy system to a modern operating system is always tough. Add in challenging conditions in the insurance market and the “how” and “when” to do this can seem like impossible questions to answer. The good news for London Market firms struggling with this dilemma is that there is now proper […]

The changing London Market: Globalisation and modernisation in insurance

globalisation and the London market CSC Blogs

A recent talk with the theme of “Back To The Future” led me to consider whether the London Market is the place we would have dreamt it would be 30 years ago. Certainly, Lloyd’s has changed in unimaginable ways since then. Thirty years ago, the market stood on the brink of a barrage of claims associated with […]

Why the case for change in insurance is more compelling now

Recently, I attended an Intelligent Insurer magazine roundtable on the weighty topic of technology revolutionising the London Market. Coming from an insurance technology background, this is a subject close to my heart and that of my company, Xchanging, a CSC Company. As one of my roundtable panel colleagues and I recalled, the London Market history books […]

Meeting consumer needs in today’s always-on insurance universe

In today’s world, the first pillar for success in insurance deals with accessibility and availability – enabling access anywhere, anytime, anyhow. Tools like mobile devices, Wi-Fi, cloud storage, big data and the Internet of Things (IoT) have completely reshaped the way we work and fueled our demand for always-on technology. This has meant that companies need […]

Tapping into digital minds in the London insurance market

Modernisation, disruption, innovation … These days you can’t move in the London insurance market without seeing the topic in the headlines or hearing it discussed. But talk is cheap, as they say, and it’s clear that the digital-savvy generation is impatient to see things happen. We launched the CSC Digital Minds programme to engage a […]

How can insurers develop an agile IT infrastructure?

Insurers have always faced the challenge of taking products and solutions faster to market and doing so at lower cost. The sources of this challenge are not new – changing partner and customer expectations, increased and new competition and demanding regulators with perhaps the addition of the current financial climate. Insurers have risen to each […]