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January 31, 2018 by Mitch Wein

Today’s information technology systems remain limited by the barriers imposed by classic binary computing. The rise of quantum computing will bring about a change in technology that will impact the fundamentals underlying data usage and protection, risk modeling, and the very nature of how insurance core systems operate. Recent breakthroughs in the technology bring quantum computing’s operationalization closer, with an expected substantial impact on the insurance industry between 2023 and 2030.

January 30, 2018 by Matthew Josefowicz

There’s been plenty of speculation lately about whether Amazon would enter the insurance market. Would they be a distributor, bringing their legendary customer-obsession to creating an optimized buying experience? Would they disrupt the pharma benefits business with their supply-chain brilliance?

January 29, 2018 by Jeff Goldberg

Reinsurers are facing pressures from a prolonged soft market followed by an erratic business cycle, losses from man-made and natural catastrophes, and open-ended liabilities like asbestos and terrorism. These pressures are compounded by the lagging technology solutions in the space; reinsurers are looking for stable, robust systems that can support their current business.

January 26, 2018 by Mitch Wein

The EU adopted the General Data Protection Regulation (GDPR) in 2016, which is scheduled to go into effect on May 25, 2018. It is very similar to US-based state cyber regulations in some ways, but diverges significantly in others. Any company doing business with citizens of the EU (a “data subject”) must comply with the law. The EU will have the right to audit firms and levy fines up to 4% of a company’s revenue for non-compliance.

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