A.M. BestTV at 2017 IIS Global Insurance Forum: Technology Driving Pace, Scope of Insurance Change

OLDWICK, N.J.--(BUSINESS WIRE)-- In this ^A.M.BestTV episode from the International Insurance Society's (IIS) Global Insurance Forum in London, insurance observers said the pace of insurance change is quickening, as insurers work with an ever-widening array of providers and partners. Click on http://www.ambest.com/v.asp?v=iis3717 to view the entire program.

“Insurers have not been the fastest adopters of technology, but they are starting to embrace it,” said James Maudslay, global head of insurance, Equinix. “Insurers realize that with the changing environment, especially in digitalization, they have to increase their acceptance of technology in order to keep up with the diversified technological climate around the world.”

Greg Carter, managing director, analytics, A.M. Best, said he believes that, “the insurance industry is becoming more interconnected with other sectors and is starting to work with technology firms to find solutions to a variety of issues.”

For full video coverage of the IIS Global Insurance Forum, including exclusive executive interviews, visit http://www.ambest.tv/iis17.

Other people that appear in this episode:

• Michael Morrissey, president & chief executive officer, International Insurance Society.

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• Global Uncertainty Affects Insurers’ Finances, Says Swiss Re Chief Economist: Kurt Karl, chief economist and head of economic research & consulting at Swiss Reinsurance Company Ltd., said protectionism and shifting political fortunes increase the likelihood of change in individual markets, making it harder for insurers to accurately budget and invest: http://www.ambest.com/v.asp?v=karl517.
• Cyber Coverage Goes It Alone: Fred Eslami, senior financial analyst, A.M. Best, discusses a recent Best’s Special Report that examines how more insurers are writing cyber coverage on a stand-alone basis, as opposed to packaging it with other products: http://www.ambest.com/v.asp?v=cyber717.

^A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View ^A.M.BestTV episodes at http://www.ambest.tv.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

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A.M. Best

Lee McDonald, +1-908-439-2200, ext. 5561

Group Vice President, Publication and News Services

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Source: A.M. Best