Weekly News Roundup – 29th January

It seems digitalisation is the buzzword of the insurance world at the moment. The global pandemic was the catalyst for many businesses to get their digital strategies fired up as their employees were ordered home and remote working became the new norm. How they can capitalise on that is the new order of the day. However, along with increased reliance on technology comes other risks. A recent report from the GFIA (Global Federation of Insurance Associations) discusses insurers’ cyber risk awareness initiatives. In the insurtech world, Lemonade continues their quest to pursue more classes of insurance with their new life product.

McKinsey to insurance: get younger, get digital and get flexible (Source: Insurtech Insights)
Research from the consulting giant reveals the three main themes set to impact the insurance industry in the next decade.

5 digital transformation opportunities for insurers to thrive post-COVID (Source: Digital Insurance)
Understand how marketing, product development and more can be leveraged on a digital scale to streamline business and enhance customer service.

GFIA publishes report on insurers’ cyber risk awareness initiatives (Source: Insurance Business Magazine)
Discussions with insurance associations globally reveals focus on SME enterprises and broker relationships.

Introducing Lemonade Life (Source: Coverager)
The fintech unicorn has launched its life insurance cover with policies as little as $9 a month.

Webinar: Brexit – making sense of the trade and cooperation agreement for MGAs and the insurance market (Source: MGAA)
The MGAA hosted law firm Clyde & Co to deep dive into the impact of the trade agreement this week. If you missed it make sure you check out the recording.

Have a good rest of the day!

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