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  • May 2018
05

Growing digital skills gap identified within global insurance industry

Open-access content Wednesday 16th May 2018 — updated 5.50pm, Wednesday 29th April 2020

Insurers are increasingly unable to find the right staff, with just one-quarter of workers in the sector prepared to use artificial intelligence (AI) systems.

2


The research by consultancy firm Accenture also finds that just 4% of insurers intend to increase investment in training over the next three years. Read the full article on our Predictions site here

This article appeared in our May 2018 issue of The Actuary .
Click here to view this issue

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New technology considered top priority for global insurance industry

Upgrading technology is the number one priority for insurance companies around the world, followed by underwriting discipline, regulation and cyber security.
Monday 21st May 2018
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InsurTech investments hit record high

There were a record 66 InsurTech investment deals recorded in the first quarter of this year, with seven transactions worth more than $30m (£22m) taking place.
Wednesday 23rd May 2018
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Insurance companies facing huge spike in data privacy requests

Financial services companies are the most likely firms to be targeted for privacy requests following the introduction General Data Protection Regulation (GDPR) next month.
Thursday 3rd May 2018
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Insurance brokers failing to understand cyber risks

Nearly one-third of UK insurance brokers admit to having a poor understanding of cyber risks, despite the majority recognising the issue as one of the most important facing the industry.
Wednesday 16th May 2018
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New social contract proposed to improve intergenerational fairness

A new generational contract is required to tackle the biggest challenges facing the UK, with sweeping reforms needed to the housing market and how the NHS is funded.
Thursday 17th May 2018
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GDPR fines uninsurable across almost all of Europe

There are just a few jurisdictions in the EU where fines imposed under incoming General Data Protection Regulation (GDPR) can be covered by insurance, with Finland and Norway the only definite exceptions.
Thursday 17th May 2018
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Mandatory climate risk reporting proposed for pension funds

Pension funds may be forced to report their exposure to climate change risks by 2022 under proposals put forward by the Environmental Audit Committee (EAC) today.
Monday 4th June 2018
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Investors warned of 'antibiotic crisis' facing global food companies

The large majority of meat, fish and dairy suppliers across the world are leaving human health at risk by failing to reduce the excessive use of antibiotics in the rearing of animals.
Wednesday 30th May 2018
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Investor risk appetite falls amid geopolitical uncertainty

The success of the Five Star Movement and League party in Italy has dampened the appetite for risk among institutional investors across Europe, new research has found.
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COVID-19 forum for actuaries launched

A forum for actuaries has been launched to help the profession come together and learn how best to respond to the deadly coronavirus sweeping the world.
Wednesday 25th March 2020
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Travel insurers expect record payouts this year

UK travel insurers expect to pay a record £275m to customers this year as coronavirus grounds flights across the world, the Association of British Insurers (ABI) has revealed.
Wednesday 25th March 2020
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Grim economic forecasts made as countries lockdown

A sharp recession is imminent in the vast majority of developed and emerging economies as the deadly coronavirus forces businesses to shut down across the world.
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The Actuary Puzzles February 2020

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The Actuary Puzzles December 2019

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Mandatory climate risk reporting proposed for pension funds

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Wednesday 30th May 2018
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Investor risk appetite falls amid geopolitical uncertainty

The success of the Five Star Movement and League party in Italy has dampened the appetite for risk among institutional investors across Europe, new research has found.
Wednesday 30th May 2018
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