Different solutions for new realities

Looking to the future at RVS 2016, sixtieth anniversary of key industry event in Monte Carlo

At RVS 2016, we met with clients to find ways to manage and profit from technological advances – and so further our vision to make the world more resilient.

Despite tough economic conditions and a challenging market environment, we believe that technological advances will create new and valuable efficiencies. Our industry can increasingly access new risk pools emerging from the integration of data, analytics, and technology that addresses the insurance protection gap, creating new opportunities for growth. These trends will challenge us all to adapt quickly in order to provide greater value to customers and enhance resilience on a global scale.

The main catalysts for change include: mobile-first preference from the end consumer (e-distribution), increasingly dynamic and regular consumer interaction with computers (digital advisors), an exponential increase of data on people and objects (e.g. Internet of Things, telematics), the common and secure use of distributed data (blockchain technology), and the ability to recognise patterns in large and unstructured data (artificial intelligence). These technologies are expected to shift risk pools and create new opportunities.

Christian Mumenthaler, Swiss Re's Group Chief Executive Officer, said: "It's a special year this year, as it’s the 60th anniversary of Les Rendez-vous de septembre. The industry has experienced many changes in this time. It is our goal to partner with our clients to help them tackle new markets and emerging risks also in the future. Being at the centre of the technological transformation that is unfolding is a key part of the strategic framework we launched last December. With our knowledge and differentiation we want to seize the momentum so we can help our clients adapt and thrive. I'm proud to say that Swiss Re has been at Monte Carlo from the start - being a strong partner for our clients and working together on smart solutions."


Ten new members join Blockchain...

Ten additional insurance and reinsurance companies have now joined the Blockchain Insurance Industry Initiative (B3i).

Read the whole story

B3i to present its smart contract...

The Blockchain Insurance Industry Initiative B3i will present its newly developed prototype smart contract management system at the 2017 Monte Carlo RVS conference.

Read the whole story