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...To go by the headlines, it would be easy to imagine that China was rapidly emerging as the top canine in the Insurance Dog and Pony Show....
...Insurance has been accused of being old-fashioned, traditional and risk averse. Despite attempts over the last few years to go digital with big data and analytics, AI and whatever else there is, that statement still applies....
...Talk of cyber risk has morphed in recent times into a truth that has more in common with urban legend than hard fact:...
...Very early on in the piece, when a student is beginning a study of economics, they will come across the concept of the equilibrium between supply and demand. It's what helps the market set prices....
...All around the world people are living longer. People in developed countries are living longest of all. But the overall improvement in life expectancy is not matched by an improvement in overall health....
...A whistleblower age has to be ushered in around the world and across organisations. Laws have been passed and companies have formulated their whistleblower policies. Until now consumers and the public have put their faith in auditors, boards, regulators, stock exchanges and enforcement authorities....
...Is it the worst kept secret of recent years? Or is the suggestion that the world's biggest ecommerce platform is about to move to disrupt the insurance sector just talk?...
...How many insurance agents is enough to serve a market and close the protection gap?...
...A recent report by the South China Morning Post that featured Ping An's deputy group chief executive revealed that the Chinese insurer, like many financial services institutions, is using face recognition to combat fraud....
...Artificial intelligence and autonomous machines are the talk of the town and they bring us back to a conversation we have had since the industrial revolution - machines taking the place of humans in the workplace....
...If a kid from a poor family gets his bike stolen, it's tough luck. A rich kid just gets his parents to buy an even better bike. It must be great to have rich parents....
...Fans of the TV show West Wing will remember the episode called "Take Out the Trash Day". The episode focused on the White House's Friday night briefing for Saturday's newspapers, nicknamed "take out the trash day" because staff dumped all the stories the White House didn't want covered in the media and because Saturday's newspaper is the least read edition of the week....
...For insurance professionals old enough to remember the dotcom boom, the rise of InsurTechs might look a little familiar....