The purpose of this study is to assess the need for additional regulation and regulatory resources to address Big Data applications in insurance. I find the current regulatory framework is well-suited to address Big Data concerns. Moreover, with cooperation between insurers and regulators, the...

The Financial Services industry is at an innovations crossroads where Big Data, digital disruption and technology have splintered the dominant design of how products are delivered and how current processes and people function. Risks abound such as ‘What types of innovation will dominate',...

The size of the global marine insurance market in 2018 was approximately $30 billion, but low levels of profitability are common due to intense competition and complex risk assessment problems. Concirrus, an Insurance Technology (InsurTech) disruptor, is transforming the assessment of marine...

The paper aims at the identification and analysis of major issues facing financial sector supervision resulting from the digitalization of financial markets and the digitalization of supervisory architecture with the tool box applied. It is based on the desk research using foremostly industrial...

The growing trend in the number and severity of auto insurance claims creates a needfor new methods to efficiently handle these claims. Machine learning (ML) is one of the methodsthat solves this problem. As car insurers aim to improve their customer service, these companieshave started adopting...