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Harnessing technology to accommodate shifting trends in insurance distribution
Emerging diversity in distribution – what does this mean for technology? “Forward thinking insurers are leveraging distribution channels as one way to capture the opportunities that exist in the fast growing Asia Pacific markets” – More than one approach. Alternative insurance distribution models in Asia Pacific, Deloitte Touche Tohmastu, 2010. According to a recently published…
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Strategies for managing technology through the cycle
As optimism floods back into the Asia Pacific region, the life insurance industry is gearing up for increased competition again. Darren Stevens, Global Head of Product – Wealth Management, Bravura Solutions, discusses what CIOs are saying in this new business environment and the IT strategies needed to support life insurers today and for the future.…
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MySuper – what’s in store for super funds?
Following the release of the Cooper Review proposal, the Australian Superannuation industry is bracing for its next big change. The report – compiled by Jeremy Cooper, the former Deputy Chairman of ASIC – proposes the introduction of MySuper which, according to the 2010 Australian Government report MySuper, Optimising Australian Superannuation is “…a product with a…
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Superannuation: efficiency crisis?
Firstly, a warning; some may be surprised by what I’m about to convey given my background and field of expertise, heading up one of the leading suppliers of specialist IT platforms to the financial services sector. I have worked with numerous clients in the superannuation industry, and have firsthand experience of some of the critical…
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Life insurance providers – compete or consolidate
The life insurance industry has not escaped the impact of the global financial crisis, and in the present economically uncertain times, where new business premiums have dropped more than 50% globally, insurers have a new set of challenges to face. Celent’s 2008 paper, Bad News on the Street, Insurance IT and the Financial Crisis, reports…
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Recent Posts
- What happens when you ask AI about Australian Superannuation
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