Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Nov 2019

Cover Story


InsurTech

Disruption in full swing

The level of disruption is rising globally. And after six years of being classified as ‘vulnerable’, the insurance sector has moved into the ‘volatile’ quadrant where it can no longer afford to take the wait-and-see approach to innovation, say Ms Cansen Ergun and Mr Xavier Anglada of Accenture. 
 

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The upside of digital disruption

The insurance industry has long been characterised as conservative when it comes to innovation, but the disruptive forces threatening traditional business models are pressuring players for a transformational response in order for them to remain competitive and relevant in today’s digital landscape.
 

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Growing takaful with InsurTech

InsurTech can and will help in the promotion, standardisation and harmonisation of takaful products, as well as their broader integration with existing Islamic finance mechanisms. Partnerships, collaboration and ecosystems need to remain in focus and takaful operators need to start exploiting these avenues further if they intend to compete more effectively on a global scale and continue to grow, says Mr Shahid Safdar of Charles Taylor InsureTech.
 

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