Back in 2013, the Insurance-Canada staff and a select group from insurers, brokers, and suppliers held a series of study group meetings to help us all understand what would be the major trends over the next 10 years.
Looking back, one significant element did not rise to the top: fundamental changes to the insurance product.
That has changed and will be reviewed at the 2018 Insurance-Canada Executive Forum (#ICXF2018). Interested? Read on below and check the listings at our Presentation Topics.
Let’s get to the core….
While most insurers have always sought methods to prevent damages or mitigate the impact, as recently as 2013, some insurance professionals have avoided more complex risks and relied on limitations of coverage.
For example, in 2013, experts at several of our events introduced the concept of autonomous vehicles and were met with horror. “You can’t control vehicles on snow and ice,” said one underwriter.
Now, we see that the evolution of these vehicles are quite capable, and the vehicles are on track to be open to wider utilization over the next few years. And the technologies go beyond vehicles.
We have several sessions at #ICEF2018. Here are a few examples.
“Innovation Drives Change in Insurance Risk” will be a panel consisting of 3 executives:
who will describe the necessity for changes and the expected outcomes.
It’s not just the Risk: Responsive products are required
Technology is dominant on all aspects of risk and control. Our leaders will be providing executive level information in business terms. Here are a few examples:
- The Future Ain’t What It Used to Be, Doug McElhaney, McKinsey & Company
- Insurance in the Age of Algorithms, Baiju Devani, Aviva
- The Journey to Successful Enterprise AI Implementations, Ahsan Siddiqi, X by 2
We will also look at fundamental strategies and tools which will align with risk. For example,
- Blockchain: Breakthrough Possibilities for Insurance, Bob Tapscott, Transformationworx
Time is of the essence …
There are more. Further details here.
But don’t wait too long. The #ICXF2018 will start promptly at 8:30 AM on 28 August 2018.