In a context that is steadily changing, digital technology enables new sales models that will influence significantly both the Insurer and the distribution network.
The Internet of Things, which excludes PCs, tablets and smartphones, will grow to 26 billion units installed in 2020 representing an almost 30-fold increase from 0.9 billion in 2009, according to Gartner.
The law that will introduce the so-called “Spid” (Public system of digital identities) is expected in Italy by the end of January 2014. The so-called “Spid” will be a new way to access via web the Public Administration services and it is based on a unique profile and a single password.
Social networking, mobile communications, cloud computing and information have been recognized by Gartner as “the Nexus of Forces”.
The current italian legal framework on digital signature and long-term storage, both authentic and substitute, of digital documents is now well established and immediately accessible to Insurers that aim to completely digitalize their documents.
“The extension of insurance to new markets represents a tremendous opportunity and a tremendous responsibility.
The IVASS, in Italy, is working on a survey to monitor the Third Party Liability tariffs.
We wish you a Merry Christmas and a very successful 2014!
The use of the aggregators is increasing among the customers.
The review process of the European Regulation on insurance mediation (IMD II, Prips, Mifid) is deeply changing the juridical status of the insurance intermediary, increasing his duties and strengthening measures for the protection of consumer rights.