Weekly News Roundup – 26th February

Implementing technologies, like blockchain and AI, doesn’t always equal big returns. Whatever industry you are in, if goals and project objectives are not properly defined, if there’s no leadership buy in, or if communication goes out the window, then the initiative is guaranteed to fail. A few of the articles below highlight the huge advantages of various technologies in the insurance world… but only when executed well.

3 big use cases of blockchain in insurance (Source: Insurance Thought Leadership)
An exploration of blockchain in the context of insurance, as well as three practical examples detailing how companies can become more transparent, efficient and secure.

Technology’s transformative impact on commercial lines insurance 2020-2030 (Source: Intelligent Insurer)
Key takeaways on what commercial lines insurance can learn from the tech innovation of personal lines and what areas technology will really make an impact.

The Future of Insurance: CEOs 2020 Vision of Post-Covid Insurance (Source: Reuters Events)
A reflection on the lessons learnt from the past year and how insurers may evolve in the future, featuring insight from CEOs at Aviva, Tokio Marine HCC, Zurich, Lloyd’s Europe and more.

Business interruption insurance: Hiscox makes initial settlement offers (Source: The Caterer)
The FCA urged swift action following the Supreme Court ruling and it seems their words have been heeded.

What is actually fuelling cybercrime? (Source: Insurance Business Magazine)
Some great soundbites on what is causing cybercrime (and despite the press – it’s NOT cyber insurance!).

Enjoy the sunshine this weekend!

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