Description: Discusses the industry's need for a vision, due to dramatic changes in the business world and summarizes articles in this newsletter which explore the reinvention of insurance distribution.

Description: Four experts offer their views on why the life insurance industry as we've come to know it is disappearing and what will be different about the new industry evolving, including: more competition from other financial services providers, distribution changes, better use of technology, and consolidation.

Description: Artificial Intelligence Insurance Robots Future.

Description: Summarizes articles in this edition of the newsletter, which focus on insurance industry transformation and how actuaries can provide assistance in the process.

Description: Provides the results of two surveys that found actuaries to be in agreement with CEOs of life insurance companies on the top 2 key strategic issues facing the industry: distribution channel productivity and increased competition.

Description: Many top-performing businesses aren’t just risk aware, but rather risk intelligent. Such a posture helps prepare companies for a major event and can demonstrate to a regulator or auditor that an appropriately strong control framework is in place. Better still, companies gain real strategic value from a “risk adjusted” understanding not only of their threats and vulnerabilities, but also the upside opportunities associated with various risks. It starts with having both qualitative and quantitative information to identify, assess and manage risks. Strategic risk management, at its core, is about creating value by increasing transparency and accountability, and quality of information. More than a mere compliance exercise, effective risk management enables more informed strategic decision making, increased accountability and transparency, a greater likelihood of organizational success, and – ultimately – competitive advantage, as borne out by many studies that correlate risk management and financial results.