Triple-I Chief Economist Dr. Michel Leonard discusses key geopolitical risk scenarios and their impact on the insurance industry in his latest quarterly interview with ITL.

This webinar will discuss the findings of an independent survey sponsored by insured.io on the importance of digital channels when customers are selecting an insurance carrier. 

Learn more about the immense pressure the insurance industry is facing, forcing insurers to rethink operational models and update outdated technology to stay competitive and relevant.

In this episode of the Future of Risk webinar, we lay out where cyber security and insurance have made significant progress – and where they haven’t.

Traditionally, the L&A sector accepted outdated technology and manual processes, but now the industry is realizing that it can no longer settle. 

The frequency of large cyber claims (>€1 million) in the first six months of 2024 was up 14%, while severity increased by 17%.

The key is to use AI and the cloud for agile, incremental improvements that allow a "perform while transforming" journey. 

Life insurers are expanding their approach by incorporating non-medical data sources, such as driving reports, credit histories, and public records.