Insurance Convergence: A Look at the Landscape of Converging Markets & Diversifying Risk
The convergence of the insurance industry has continued to accelerate over the last decade, particularly in the capital markets, insurance-linked securities (ILS) and reinsurance sectors. This convergence has been driven by the increase in the frequency and severity of catastrophic risk, market inefficiencies created by reinsurance underwriting cycles, advances in computing and communications technologies, the emergence of enterprise risk management and many other factors.
As convergence continues to challenge incumbents and new entrants alike in both the insurance and financial services industries, firms need to do their due diligence to make sure they have the correct business models and technologies in place to support change. Our white paper explores convergence from multiple angles, including:
- Insurance Convergence and Fintechs
- The Constraints on Convergence Growth
- The Regulatory Response to Convergence
Some of the biggest challenges facing insurers remain dealing with data, data quality, transparency and educating the market about how converged products can help to diversify risk. Download the full white paper for an in-depth view of today’s convergence landscape along with recommendations on how to move forward.