Why the Insurance Industry Has More on its Plate Than Just Brexit!

From change management to cyber risk, insurers need to look beyond Brexit to the wider challenges facing the industry, as the traditional insurance business model as we know it is under threat. But ultimately, Brexit might prove to be just the push needed to get the sector innovating.

Onno Bloemers, Delta Capita Insurance Lead, writes that “Brexit means breakfast” may now be a phrase forever synonymous with political gaffes, but for the insurance sector, it represents far more than a ketchup splash of poetic irony. While the uncertainty surrounding the type of Brexit deal agreed undeniably represents the bacon and sausage, UK insurers will be at a disadvantage from their international counterparts should they push the mushroom and beans to one side.

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Insurance 2017 – Managing Risks

The classical insurance business model is under fire. Existing insurers struggle.

In this article, Onno Bloemers, Delta Capita Insurance Lead, explains that often quoted reasons for this include regulatory pressures and legacy landscapes. But there is a more fundamental problem. Insurers lack the skills to effectively design & implement a new, future proof value chain. They simply never had to.

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