There is something surprising about the 2019 edition of the Insurance Banana Skins Report published some weeks ago. One would expect top risks impacting the insurance sector to be aligned in most countries. After all, the economy is less and less a local fief and it has grown used to …
Digital is like a horde, the clan of Attila in the XXI century. Almost like a herd of speeding steeds that make the ground tremble, shaking every bone of the business skeleton, including compliance. Regulatory compliance is more and more linked to processing large sets of data that, in turn, …
New technology players are entering the insurance sector, bringing with them innovation and changing the way the business operates at both front-end and back-end levels. Called “Insurtechs”, a name inspired by the word “Fintechs”, these technology-based companies are exploring new avenues – offering ultra-customised policies and social insurance, for example …
The persistence of low interest rates, guaranteed products and investment performance, combined with the industry’s ability to confront structural and technological changes are the top banana skins for the insurers in Luxembourg. A new PwC – CSFI (Centre for the Study of Financial Innovation) survey charting the top risks in the …
Governments across the world are increasingly putting tax transparency at the top of their agenda. In this context, the OECD developed the Common Reporting Standard (CRS) as a global reporting standard to achieve a complete and multilateral automatic exchange of information framework. The Luxembourg CRS first reporting is due on …
The European Parliament has approved the new Regulatory Technical Standards for PRIIPs in early April. Whether you are an insurer, banker, asset manager or third party, you fall within their scope.
Can you imagine what would be like to have wholesale insurance using blockchain? We take a look at those unique features of blockchain that are likely to create new organisational and operational opportunities for the insurance sector. Here are the three main areas where blockchain could be a game-changer:
The insurance industry is in a unique place right now, something akin to the calm before the storm. There are multiple changes, especially when it comes to technology and innovation that are about to rock the boat and bring serious changes. To discuss them, we’re having our first guest blog, …
