Covid-19 has put to bed any doubts about the use of cloud technology for risk and capital management. The pandemic will also drive more sophisticated risk modelling, as Ronan McCaughey discusses in his review of key trends in the risk software markets
The directory covers over 100 products used by insurers for risk, capital and asset management
As re/insurers look to implement IFRS 17, manage cyber risk and drive modelling efficiencies, software vendors are gearing up to respond. Cloud and process automation solutions also figure highly in this year's InsuranceERM Technology Guide, introduced by Ronan McCaughey
Consultancy survey finds about 90% of insurers still assessing, or yet to consider, accounting standard
FWD is one of the first insurers to start implementation process
Less than 10% of surveyed firms have implemented solutions