FinTech Developments in the Insurance Industry 21 February 2017 FinTech Developments in the Insurance Industry,21 February 2017 Page 1 of 45 About the IAIS The International Association of Insurance Supervisors (IAIS) is a voluntary membership organization of insurance supervisors and regulators from more than 200 jurisdictions. The mission of the IAIS is to promote effective and globally consistent supervision of the insurance industry in order to develop and maintain fair, safe and stable insurance markets for the benefit and protection of policyholders and to contribute to global financial stability. Established in 1994, the IAIS is the international standard setting body responsible for developing principles, standards and other supporting material for the supervision of the insurance sector and assisting in their implementation. The IAIS also provides a forum for Members to share their experiences and understanding of insurance supervision and insurance markets. The IAIS coordinates its work with other international financial policymakers and associations of supervisors or regulators, and assists in shaping financial systems globally. In particular, the IAIS is a member of the Financial Stability Board (FSB), member of the Standards Advisory Council of the International Accounting Standards Board (IASB), and partner in the Access to Insurance Initiative (A2ii). In recognition of its collective expertise, the IAIS also is routinely called upon by the G20 leaders and other international standard setting bodies for input on insurance issues as well as on issues related to the regulation and supervision of the global financial sector. International Association of Insurance Supervisors c/o Bank for International Settlements CH-4002 Basel Switzerland Tel:+41612257300 Fax:+41612809151 iaisweb All rights reserved. Brief excerpts may be reproduced or translated provided the source is stated. 淘宝店铺 “Vivian研报” 首次收集整理 获取最新报告及后续更新服务请在淘宝搜索店铺“Vivian研报” 或直接用手机淘宝扫描下方二维码 FinTech Developments in the Insurance Industry,21 February 2017 Page 2 of 45 Content List of Acronyms ........3 Executive Summary ..4 1. Introduction ........9 2. Drivers of InsurTech Innovation .10 3. Overview of current technological innovations in Insurance and impact on insurance business .......11 4. The InsurTech Landscape .........13 5. Possible scenarios for the future and changes to the insurance landscape and supervisory approach ...........19 5.1 Framework for the scenario analysis ...19 5.2 Description of the current market ........20 5.3 Scenario analysis 1: Incumbents successfully maintain customer relationship 22 Impact on the market .....22 Implications .......22 5.4 Scenario analysis 2: Insurance value chain becomes fragmented; Incumbents no longer in control ....24 Impact on the market .....24 Implications .......24 5.5 Scenario analysis 3: Big technology firms squeezing out traditional insurers ..26 Impact on the market .....26 Implications .......2 85.6 Distributed ledger technology ..30 Impact on the market .....30 Implications .......31 5.7 Big Data and Artificial Intelligence .......32 Impact on the market .....32 Implications .......33 6. Conclusions .......35 Annex 1: Overview of current technological innovations in Insurance ...........3 8Annex 2 Description and examples of InsurTech activities in all areas of the value chain.....41 FinTech Developments in the Insurance Industry,21 February 2017 Page 3 of 45 List of Acronyms AI Artificial Intelligence AML Anti-Money Laundering BTF Big Technology Firm DLT Distributed Ledger Technology EU European Union FinTechFinancial Technology (see definition in section 1) FNOL First Notice of Loss GAFA Google, Amazon, Facebook, Apple InsurTechInsurance Technology (see definition in section 1) IoT Internet of Things IT Information Technology KYC Know-your-Customer ML Machine Learning P2P Peer to Peer VC Venture Capital / Venture Capitalist WEF World Economic Forum
。。。以上简介无排版格式，详细内容请下载查看