Luca Russignan

#Insurance analyst. #InsurTech mentor. Passionate about #digital technologies. Market Insights Insurance Director @Capgemini.

[Florian Graillot @FGraillot]

I couldn't imagine this would happen so fast:

An insurer stopped offering policies on a market due to... too high climate risks !

This is obviously a real challenge for carriers, and probably an opportunity for tech and data startups to enable them to better understand & price these risks.

Let's see if that drives a more massive move on the market and how re/insurers & InsurTech team up together towards tackling that challenge.

[Scott Galloway @profgalloway]

Twice the population of the US using a chatbot to relieve loneliness.

Xiaoice is a Chinese-speaking chatbot that many have embraced to "take the edge off their loneliness." With over 650 million users, this chatbot has some people falling in love with it. (Bloomberg)

[Luca Russignan @LucaRussignan]

How does this change the way you work?

@ghanem_elias @chiragthakral

[Lior Alexander @LiorOnAI]

JUST IN: Microsoft introduces 365 Copilot: a new LLM based AI-copilot for the Microsoft Suite: Word, Excel, PowerPoint, Outlook, Teams.

🧵Here's a summary:

[Luca Russignan @LucaRussignan]

I will be attending ITI Europe 2023 in London 1-2 March. Let me know if you're around! #ITIEU23

[Scott Galloway @profgalloway]

https://t.co/zqDxDwXIzb

[Luca Russignan @LucaRussignan]

A wellness-centric approach can help #Life #Insurers transform transactions into relationships, as 37% & 24% of policyholders consider insurers their favored partners for physical & financial wellness. To know more, visit https://t.co/U2GifwTPaF #WLHIR22 @WeAreQorus @ghanem_elias

[Luca Russignan @LucaRussignan]

#Insurers must leverage the rise of wellness among policyholders. Per our World Life and Health Insurance Report 2022 60%+ customers are interested in physical & financial wellness, respectively. For more insights, visit https://t.co/U2GifwTPaF #WLHIR22 @dacadoo @ghanem_elias

[Luca Russignan @LucaRussignan]

The inaugural edition of our World #Life and #Health Insurance Report 2022, in collaboration with @WeAreQorus launches today! Download for insights on how #insurers can unlock growth by focusing on customer well-being. https://t.co/U2Gifxbqzf #WLHIR22 @ghanem_elias

[Capgemini Insurance @Capgemini_ins]

The inaugural edition of our World Life and Health Insurance Report 2022, in collaboration with @WeAreQorus launches today! Download for interesting insights on how #insurers can unlock growth by focusing on customer well-being. https://t.co/gdtiyNEHtA #WLHIR22

[Jim Bianco @biancoresearch]

1/2

YTD S&P 500 PRICE return for every year back to 1926.
Blue=2022
Green=best
Red=worst

Through June 17, S&P -22.91%.
Only 1932 was worse through this point. 1962 is close.

If the year were to end here, it would be the 7th worst.

No one has seen anything like this year.

[Luca Russignan @LucaRussignan]

#Insurers need better #data to improve #riskmodels, tackle #climatechange and increase their resiliency to extreme #NatCat events. Download the #WPCIR22 report for more insights, https://t.co/gZ2es4rH3j #ESG #sustainability @ghanem_elias @Capgemini_ins

[Luca Russignan @LucaRussignan]

Only 8% insurers are climate change resilience champions. @Capgemini's #climate resiliency framework suggests #insurers must move beyond exclusions in #investment and #underwriting to build resilience. For more insights, visit https://t.co/gZ2es4a6bL #WPCIR22 #ESG #sustainability

[Luca Russignan @LucaRussignan]

Insured #NatCat losses are up 250% in the last 30 yrs. To find out how insurers can prevent such losses, take a look at our new World Property & Casualty #Insurance Report 2022 , https://t.co/gZ2es4rH3j #WPCIR22 @Efma_news #ESG #sustainability @ghanem_elias @Capgemini_ins

[Mohamed A. El-Erian @elerianm]

According to this market metric (the Dow):
Invasion? What invasion?
This is not specific to this metric. The vast majority of #markets seem willing to "look through" #Russia's military attacks on #Ukraine, opting for the #Covid 2020 playbook in fast forward.
More to come on this

[Emily Krebs @EmilyKrebs6]

How fortunate I am to put my kids into warm, safe beds tonight. To know they will wake up for a boring breakfast and basketball games in the morning. I will never take this for granted. All my prayers for Ukrainians tonight especially the moms/dads trying to shield their children

[Scott Galloway @profgalloway]

Good definition of Web3
@intelligencer

[Luca Russignan @LucaRussignan]

Interesting study on increase in floods losses in the US.

The #insurance industry should evolve risk models and response capabilities to prepare for an increase in extreme #climate events.

Stay tuned for @Capgemini_ins insights on this theme

@RachlinSeth

[Wharton Risk Center @WhartonRiskCtr]

Climate change could lead to a 26% increase in annual flood losses in the US by 2050, the cost of which will be borne disproportionately by disadvantaged communities, according to a study in Nature Climate Change by Oliver Wing, Carolyn Kousky, and others. https://t.co/XqLLhVqgxM

[Shira Ovide @ShiraOvide]

I just cannot explain to humans how bonkers Big Tech numbers are. One stat:

The 5 biggest U.S. airlines in pre-pandemic 2019 generated a combined $12.3 billion in profit that year.

Apple's profit for *3 months* was $34.6 billion

[Luca Russignan @LucaRussignan]

From @ARKInvest #BigIdeas2022: industry #convergence and expected 8 year CAGR for #AI 26%, #Blockchain 43%, #Robotics 51%, #Genesequencing 40%!

To adapt #financialservices and #insurance need to think differently about innovation.

@ghanem_elias @chiragthakral @RachlinSeth

[ARK Invest @ARKInvest]

#BigIdeas2022 Report is here!

To enlighten investors on the impact of breakthrough technologies we began publishing Big Ideas in 2017. This annual research report seeks to highlight our most provocative research conclusions for the year. Download! https://t.co/QvUbuqVpIL

[Luca Russignan @LucaRussignan]

+25% CAGR #smartphone usage from 2010. Scary stat from @profgalloway

What will happen when #superapps or the #metaverse becomes more tangible in the US and Europe?

Has does #financialservices and #insurance need to evolve in this world?

@ghanem_elias @chiragthakral