Insurance Transformed

Technological Disruption

Michael Naylor

• Publisher: Palgrave Macmillan
• Year: 2017
• ISBN:
  9783319638355
• Topic: Business
• Subtopic: Financial Services
• Index: Business

This book explores how a range of innovative disruptive technologies is about to combine to transform the insurance industry, the products it produces, and the way the industry is managed. It argues that unless current insurance providers react to these waves of disruption they will be swept away by new innovators. The book describes what insurers need to do to survive.

The main aim is to get insurers to reimagine their industry away from the sale of a one-off product, into the sale of a series of real-time, data-based risk services. While parts of these disruptions have been discussed, this book is the first to bring all the issues together and unites them using a theoretical framework.

This book is essential reading for insurance industry participants as well as to academics interested in insurance and understanding the key issues the industry currently faces.

Table of contents

• Contents
• List of Figures
• 1 Exponential Change
• 2 Key Technological Disruptors
• 3 Types of Insurance
• 4 The Impact of Disruptive Technology
• 5 What Insurance Companies Need to Do
• 6 Impact by Type of Insurance
• 7 The Dynamics of Decline
• 8 The Response of Incumbents
• 9 Regulatory and Legal Issues
• 10 Consequences for Insurance Workers
• 11 Impacted Occupations
• 12 Conclusion
• Useful Sources
• Index