@a2ii_org @tangloaec ๐. @EliasOmondiFIA's presentation on Regulation v. Innovation highlights the compliance burden placed on firms/startups, ultimately leading to either 'circumventive' innovation or 'compliance' innovation.
#13thCF
#MondayThoughts: @DrOdote's take on the imminent #automation of the legal sector ๐
๐ค Digitisation has created new considerations:
1. For providers โก๏ธ efficiency
2. For consumersโก๏ธtransparency
https://t.co/MAEegjtnLz via @BD_Africa
@CICInsurance embedded a Life Cover (last expense) on airtime transactions done via their M-Pesa Paybill. At no (ZERO) cost! The benefit structure includes a sum assured of KES 200,000
https://t.co/cjRfeatCk6
We are coming to an Age of 'Google Clients'. Customers who approach service providers knowing exactly what they want.
#Automation#FutureofWork#Insurtech
๐ค...while automation won't wipe out agents, it will significantly disaggregate the value chain. Money won't be made off intermediation but from giving insights. https://t.co/vhWnbp22LO
@nigelwalsh Let them replicate. Fintechs have changed the rules. Now consumers PARTICIPATE, make DECISIONS, are ACTIVE in the CHOICES and OUTCOMES.
Incumbents understand the business, fintechs understand the consumer.
Industries are become increasingly interconnected. Winners are likely to be companies controlling customer interactions because they have access to the data that comes with it. As the battle for the interface intensi๏ฌes, insurers face an almost existential challenge.
#Insurtech