Big data increases political risk, says report

big-data-computers

Report also mentions FinTech as a major threat for established financial institutions.

The Chartered Insurance Institute (CII) and Cicero Group have launched a report stating that a combination of factors has increased political risk for the insurance industry.

The document, Disruptive Influences: Technology, politics and change in the financial sector, listed cyber security, privacy and data protection, automation of labour of services, driverless cars and Fintech among the risks.

At the launch event in London, panellists discussed the impact of big data on the insurance sector.

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Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

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