Lloyd's Beale: Microinsurance Is a Opportunity for Mutuals, Reinsurers

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Inga Beale, chief executive officer, Lloyd's also said that Lloyd's has tallied more than $4.5 billion in initial storm losses, with more claims to be paid as natural catastrophes continue around the world.

 

Thrivent's McKinney: Mobile, Blockchain Key Tools in Reaching Developing Markets

Bill McKinney, vice president, strategy and long-term development, Thrivent Financial, said the same tools that are changing the insurance environment in the developed world can be deployed in developing regions.

 

Thrivent's Catsuros: Insurance Needs to Move at the Speed of Tomorrow

Alec Catsuros, senior product manager - digital experience, Thrivent Financial, said consumers have come to expect quick access to products and services, which puts slower-moving insurers at a growing disadvantage.

 

LB's Toftegaard: The Future of Insurance Is Services

Anne-Mette Toftegaard, CEO, LB Group (Denmark), said better use of technology is allowing insurers to better identify risks and prevent claims, moving them from a focus on products to a future in which services play larger roles.

 

Syneteristiki's Bessa: Mutuals Already Know Their Customer Profiles

Nektaria Bessa, administrative and development director, Syneteristiki Insurance, said customers of mutual insurers typically have much in common, but companies must be careful about protecting data or risk losing customer trust.

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