Topics highlighted in the outlook included climate change, enabling strong cultural values, and attracting young talent.
Now is an excellent time for people in the insurance industry to start studying what trends may become prominent during 2022.
Isabelle Santenac, EY’s global insurance leader, recently published her 2022 Global Insurance Outlook. It highlights several key trends. Here’s a closer look at them.
The Era of Ecosystems and the Rise of Open Insurance
In today’s highly connected society, people no longer have to visit insurance agents’ offices to find out about offerings and sign up for their desired plans. Instead, consumers can perform self-driven research and even sign up for offerings with their smartphones.
Many of the emerging companies that blend technology and insurance offer highly personalized, user-friendly experiences.
Santenac believes that, due to the state of the industry, regulators will need to maintain an environment that lets people share their financial information with any firm in a secure and frictionless way. Such options will give…
