digital disruption

Just as telematics has been supplementing motor vehicle insurance underwriting, Australia’s health and life insurance markets are embracing innovative technologies in the form of “wearables”.

Underwriters traditionally rely on pre-policy questionnaires and proposal forms to assess risk and set the terms of cover they will accept; however, the information that can be obtained provides only…

ASIC has this week released its Strategic Outlook paper, a new initiative which sets out what it sees as its key challenges in 2014-2015.  Among these key challenges is the important and reoccurring theme of ‘digital disruption’ in the context of the Australia’s financial services industry and financial markets.

ASIC has identified that “[t]raditional business …