BCG on Insurance

Nathália Bellizia, Managing Director and Partner at Boston Consulting Group, recently discussed the transformative impact of Generative AI on the underwriting profession at Insurtech Insights USA 2024. Alongside co-panelists Sy Foguel, Matthias Weber, Adam Sills, and moderator David Schapiro, they shared valuable insights into how underwriters can leverage AI technologies to enhance risk assessment, streamline processes, and adapt to the changing needs of the industry. #insurtech #genai #insurance

Companies embarking on a core transformation need to recognize that this journey involves both IT and the business—and it’s become a competitive necessity. Read more: https://lnkd.in/ec-6aqcT #insurance #technology #innovation

Boston Consulting Group (BCG) is proud to announce our role as The Lead Strategic Consultant Partner at #ReinsuranceOutlookEU, June 19-20, 2024. Join Raphael Troitzsch, Partner at BCG, alongside Fabian Pütz (PhD), Marc Luginbuehl and Wyn Jenkins as they discuss "CEO Insights: Leading Through Turbulent Times Amid Geopolitical Challenges, Rising Rates, Escalating Risks, and Economic Uncertainty." The panelists will delve into the leadership strategies #reinsurance CEOs are adopting to navigate these challenging times, emphasizing #resilience,  risk mitigation, and adaptability.    Learn more:  https://lnkd.in/eHEpR2N4 

What does it really take to be "board ready"? This was the focus of our ISC Switzerland Executive Roundtable yesterday. A huge thank you to our speakers and Boston Consulting Group (BCG) for hosting and sponsoring this event Jutta Kath, Chair of ISC Switzerland, led an inspiring panel discussion with Anna-Maria D'HULSTER and Katja Pluto. Together, the trio holds nine mandates as independent non-executive board members, both within and outside Switzerland. Katja highlighted the importance of financial independence, sharing how she carefully evaluated her financial situation before accepting new board roles. Anna-Maria added another perspective, noting that while board readiness courses are useful, they're not the only path to securing a board position. "Gaining trust is the key element," she said, a sentiment that resonated deeply with everyone in attendance. Here's to many more insightful discussions ahead! If you’re interested in becoming an ISC member and having access to these events, please contact us on [email protected]

We recently hosted a dynamic panel discussion on the future of distribution in insurance, complemented by insights from our Next Generation Sales Market Study. This study illuminated key trends and strategies poised to shape our industry's future. A heartfelt thank you to everyone who joined and enriched the discussion with their contributions 💡 Michèle Rodoni, Mathias Zingg, Alexander Mohri, Angelo Candreia, Tobias Hofer, Niklas Zürcher, Siddharth Kumar #insurance #distribution #insights

Social inflation presents multifaceted challenges that demand strategic foresight and adaptability from insurers. To navigate this complex landscape effectively, insurers must implement a comprehensive suite of proactive measures, maintain vigilant monitoring, and manage claims judiciously. 🔗 Read more here: https://on.bcg.com/3yF2Sw5 #insurance #inflation #adaptability

Southeast Asian (SEA) insurance markets are resurging following the challenging years of the COVID-19 pandemic. Bancassurance has steadily solidified its position as a key channel in many of these markets, contributing to around 37% of total life insurance sales. Learn more in our paper "Bancassurance in Southeast Asia: A $114 Billion Opportunity" https://on.bcg.com/4bJNkpl #insurance #bancassurance #southeastasia

Exciting News! Nathália Bellizia, Managing Director and Partner at Boston Consulting Group, will be a featured speaker at Insurtech Insights USA on June 5, 2024. Nathalia will explore the transformative impact of Generative AI on the underwriting profession by 2030. For more details about the event, visit: https://on.bcg.com/44NOUnV #insurtech #genai #underwriting #insurance

Last week, Boston Consulting Group (BCG) hosted an ISC Executive Roundtable, featuring insightful discussions led by Sara Fitzgerald Codella and Nathália Bellizia, Managing Directors at BCG. Sara and Nathalia shared their expertise on the topic 'The Future of Underwriting & Topics to Watch,' including an in-depth exploration of social inflation and its implications for insurers. They discussed strategies such as third-party litigation funding to mitigate risk and addressed the broader societal impacts of these trends. We extend our thanks to all who participated, as well as to our partner, ISC Group, and the BCG speakers. #AI #SocialInflation #WomenInLeadership

Reflecting on 2023, it's evident that the shift in the #insurtech sector wasn't a temporary fluctuation, but a reset to foundational levels. Despite facing a significant reduction in global equity funding, insurtechs are pivoting towards efficiency and sustainability to harness opportunities for resilience and growth. Learn more in our latest paper, "State of insurtech 2023: Finding Opportunities in the New Normal" https://on.bcg.com/3WOYwgc #insurance #insights