Challenges for the Insurance Industry
30 Mar - 31 Mar 2017
Regulatory and legal duties implicated by the use of FinTech by the insurance industry
Friday 31 March (0900 - 1015)
European Regional Forum
FinTech is currently transforming the financial services industry in very significant ways around the world and insurance is predicted to be the subject of the next big way of transformation with the adoption of InsurTech. Combining big data and data analytics with artificial intelligence and mobile access insurers and the new FinTech innovators can provide a very different experience to customers and develop new products such as on-demand or usage based insurance. On the life insurance and wealth side the use of robo advice is also significantly disrupting that area of the market. All of these developments will require radical changes to the value chains across the industry as well as the design of the products and the service provided to customers. This expert panel which represent the FinTech industry, legal issues and regulation will look at how law and regulation is dealing with this new innovation and how lawyers should approach this new area.