INSURANCE PRODUCTS of THE FUTURE · • Consumer protection SOCIETY • Population aging •...

Alexandru CIUNCAN

General Manager

UNSAR

INSURANCE PRODUCTS of

THE FUTURE

INSURERS

Source: GDV Presentation, GIF

RISK LANDSCAPE• Natural hazards• Cyber risks

REGULATION / SUPERVISION• Solvency II• GDPR• Consumer protection

SOCIETY• Population aging• DIGITALISATION• Division in lifestyles MARKETS

• Low interest rates• New competitors• Sharing economy

TECHNOLOGY• DIGITALISATION• Automation• Mobility

POLITICS• Geopolitical uncertainties• Climate change• Tax reforms

INSURANCE INDUSTRY in a

CHANGING WORLD

PRODUCT DESIGN

SALES & DISTRIBUTION

UNDERWRITING & PRICING

POST-SALES SERVICE

CLAIMS MANAGEMENT

Source: EIOPA InsurTech RoundTable, presentation by Allianz

FULL IMPACT

Source: https://9to5mac.com/guides/apple-watch-series-4/

Source: https://www.nn-group.com/Media/Article/Protect.me-NN-Hungarys-innovative-insurance.htm

BRACE FOR THE FUTURE

…television wouldn't last because "people will soon

get tired of staring at a plywood box every night.”

1946, Darryl ZANUCK, movie producer, 20th Century Fox

"There is no reason anyone would want a computer in their home."1977, Ken OLSEN, founder of Digital

Equipment Corp.

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