Download our white paper about trends in life insurance
There are a multitude of potential futures for Life and Health insurers in an increasingly volatile world. The rapid and unprecedented pace of change will drive out old business models and allow new ones to flourish. But what are the drivers and trends shaping and forming the industry and which opportunities should be pursued?
Keylane worked with the renowned Global Futures and Foresight organisation and commissioned it to research the broad cultural and technological developments that will create this new world. David Smith, CEO of Global Futures and Foresight worked in cooperation with Keylane to produce this illuminating study highlighting the drivers and trends, the opportunities and the risks of this rapidly evolving world.
The paper touches upon some of the following market trends: By 2020, data scientists estimate that for every human on Earth there’ll be 1.7 MB of data being produced every secondData will enable insurers to not just do things differently, but do different thingsThere will be a place in the insurance ecosystem for consolidators given the huge increases in dataThe risk of not changing is now more significant than the risk of changingThe outcome of products is where focus should lie, not in the detailsNew consumer markets, new forms of money and newly disposable incomes will not, in all probabilities, invest in the old ways of doing things
David Smith, CEO of Global Futures and Foresight
The aim of GFF is to develop views of the future to help clients embrace change with more certainty, thereby releasing the full power of their creativity and innovation.
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