A recent SCOR publication issued from our team in South East Asia (SEA) raised an important question concerning the relevance of our current CI standard practices. In short, without including ICU coverage, especially in the age of COVID, are we keeping pace with the needs of consumers? While the article below cites case examples from the SEA Market, where the study was conducted, we believe the topic to be universally relevant for all markets, and worthy of broad consideration.
The latest SCOR technical newsletter provides an introduction to this highly specialized class of (re)insurance that helps facilitate global trade, promotes cross-border investment and supports the development of infrastructure projects for societies around the world.
As part of the virtual SCOR Rendez-Vous webinars held in September, two sessions highlighted some of the digital transformation journeys undertaken by (re)insurers, looking both at transformation from within and external innovation led by InsurTech and start-ups.