How cyber insurers can raise the game in cyber resilience

The cyber insurance industry’s role in ensuring a global ecosystem of cyber resilience is undermined by a lack of a standardized framework to measure their cyber resilience. Increased demand for cyber insurance means insurers are positioned and incentivized to influence the implementation of cyber resilience standards as part of anContinue Reading

5 Life Insurers to Watch Amid a Still-Low Rate Environment

Life Insurance Sun Life Financial Inc. SLF Lincoln National Corporation LNC Voya Financial Inc. VOYA Primerica Inc PRI American Equity Investment Life Holding AEL About the Industry The Zacks Life Insurance industry comprises companies that offer life insurance coverages and retirement benefits to individuals and groups. The products include annuities,Continue Reading

“Celent and Gartner have both estimated over the years that close to 70% of an insurance carrier’s IT budget is used to maintain legacy systems. That does not leave a lot of budget for transformation and growth initiatives — at a time when every board is discussing transformation, and every carrier wants to get back to profitable premium growth,” says Tony Jacob, of Amazon Web Services, Inc. (Credit: WrightStudio/Stock.adobe.com)

“Celent and Gartner have both estimated over the years that close to 70% of an insurance carrier’s IT budget is used to maintain legacy systems. That does not leave a lot of budget for transformation and growth initiatives — at a time when every board is discussing transformation, and everyContinue Reading

Sponsor's Content | New Approaches, New Skills: The Rapidly Changing Role of IT Sourcing in an Insurer’s Digital Transformation

  The content on this page was commissioned by our sponsor, TCS. MIT SMR Connections MIT SMR Connections is the custom content creation unit within MIT Sloan Management Review. Learn More subscribe-iconSubscribe Share Left: Vinit Chopade, Head of IT Applications Services Outsourcing, Swiss Re. Right: Shailesh Yadav, Segment Head, Insurance,Continue Reading

The Climate Crisis is the Defining Emergency of Our Time

Introduction On 28 January 2021, the Green Finance Industry Taskforce (“GFIT“) issued a handbook titled “Handbook on Implementing Environmental Risk Management” (“Handbook“) providing financial institutions (“FIs“) with practical implementation guidance and good practices on environmental risk management. The Handbook complements the three sets of Monetary Authority of Singapore (“MAS“) GuidelinesContinue Reading