Insights

Distribution

With evolving customer preferences and advancing technology, insurers and brokers are adapting and re-tooling themselves to capitalise on the opportunities that come with change. What pro-active steps should they take to stay relevant in an evolving insurance distribution landscape?

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Strategic Global View

Insurance view of Nobel Economics Prize

Behavioural economics can be harnessed by regulators and insurers to “nudge” customers towards making better buying decisions, argues Dr Kai-Uwe Schanz of Dr. Schanz, Alms & Company.

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Accounting standards

Towards a robust reporting framework

Insurers treat IFRS 17 with lesser priority as the new accounting standard need to be implemented only with effect from January 2021. Mr Adil Abid of KPMG warns that it would be a grave mistake as reskilling and procedures updating are herculean challenges.

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CAT Modelling

An effective quantification tool

Catastrophe models are increasingly used by MENA insurers and reinsurers to evaluate the impact on portfolio losses. Seismologists Dr Cristina Arango of Aon Benfield and Dr Stefan Hiemer of Qatar Re cite examples of what insurers can do through co-operation with catastrophe model vendors and support market growth.

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