David Smith is chief executive and a futurist at London-based Global Futures and Foresight. In the book Aftershocks and Opportunities 2 – Navigating the Next Horizon, David has explored the implications for the insurance sector of the Coivid-19 pandemic, in addition to the trends that were already visible. So, digitisation, changing business models, and attitudes to risk are all key factors.
His chapter in the book poses this question: “How has the pandemic impacted an insurance industry that is already being disrupted by digital technologies, InsurTech, new entrants, and an increasingly changing role from compensator to preventer of loss?”
To start to answer that question, we ask:
- How has the Covid19 pandemic disrupted the insurance sector?
- How might the commercial and personal insurance sectors evolve in the coming years?
- Personalisation is a trend we have seen growing across a number of sectors, how might this manifest in insurance?
- What are the major technology innovations we might see?
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For information about the book Aftershocks and Opportunities 2 – Navigating the Next Horizon see the Fast Future website.