A revolution in data is enabling insurers to predict risk precisely, empowered by businesses’ digital footprint gathered from property and operational monitoring systems. Insurers can also use the technology to identify trends and help clients prevent accident “events”, reducing the frequency and severity of claims.
Sensors linked to the internet of things enable information to be drawn from within organisations and workplaces, then fed into businesses’ and insurers’ risk management systems. The technology works by sensing everything from air conditioning, heat, water and electricity, to movement of workers and the operation of lorries, planes and ships. Underwriters can then analyse risk continuously, predict events and understand the cause of claims.
The use of stolen identity data is on the increase. In the first quarter of 2018, more fraud attacks were noted than in the same period for each of the last three years, with a particularly large volume of automated attacks, according to the latest ThreatMetrix Cybercrime Report.
As breaches increase, Europe and the United States are no longer the only especially large cybercrime zones. South America has become a hub for new account origination fraud and Southeast Asia is witnessing large amounts of identity spoofing. In addition, the proliferation of mobile usage has led to an expanding weak security point in new account creations via mobile phones.
"I have dedicated more than 40 years of my life to mining, a wonderful industry that has helped lift countries out of poverty," says Mark Cutifani, chief executive at Anglo American. "But it is also an industry at a crossroads as society’s expectations of business rightly grow."
"We must strive for step changes in how we mine, how we can enable the full benefits and how we engage with society as a whole," he says. Anglo American's efforts to realise long-term and truly sustainable development opportunities are centred on what it calls collaborative regional development.
An interview with Ilya Kazi, partner at law firm Mathys & Squire
UK companies accounted for just 3 per cent of patent applications in Europe last year. Where does this attitude leave them as we exit the EU?
Government and industry recognise that we have to perform well in numerous fields post-Brexit, especially given that our financial sector and supply chains are likely to be negatively affected. Well-managed IP has the potential to make a major difference. The more innovation we capture and maximise, the better.
In the eighteenth edition of the Deloitte Alternative Lender Deal Tracker, we report that growth in the non-bank lending market was turbocharged in the 12 months leading up to the end of the fourth quarter of 2017, with a 32% increase from the previous year.
Direct Lending grew robustly in the fourth quarter, on the back of a consistently growing Eurozone economy. We expect continued expansion in 2018, given the sector’s strong fundamentals and the ongoing search by firms for alternative sources of capital.
Saudi Arabia is using data-driven technology to improve the transparency of its government bodies, drawing from masses of publicly available information to assess their performance.
Fresh from Saudi crown prince Mohammad bin Salman’s visit to the UK, in which the leader met British prime minister Theresa May, the Queen, and blue chip business chiefs, his country is taking tech-enabled steps to transform transparency and efficiency. It is also offering the methodologies to other nations by making its tech tools open access.
The cloud creates immediate operational benefits and enables longer-term strategic development, especially among organizations with more than half of their infrastructure and apps in the cloud
Businesses heading to the cloud recognise the huge opportunity for monetising data, increasing operational efficiency and business collaboration, and fostering innovation. Businesses with the highest cloud provision now say they in research that they are experiencing much deeper transformative value — including increased customer satisfaction.
Smart investors have long recognised the infrastructure sector’s relative stability and reliable growth potential, and therefore its quality as an asset class. Yet the infrastructure environment has changed radically in recent decades and this presents challenges the industry must respond to.
“Infrastructure is a much more complex place to invest than it was 20 years ago,” explains Boe Pahari, managing partner and global head of infrastructure at AMP Capital, an investment firm with tens of billions of dollars placed in the industry.
Four megatrends shaping societal evolution are rapid urbanisation, shifting demographics, hyper-globalisation and accelerated innovation.
The United Nations expects that by mid-century close to 70 per cent of the world’s population will live in cities and by 2030 more than 1.4 billion people could be aged over 60. Within eight years, there will be ten times more data generated worldwide, according to IDC.
A selection of articles, reports and other content.