Insurance: 'Challenges to the business model'
Mike Thomas
Abstract
With technology changing the nature of risk and the way risk services are priced, this paper examines the key elements of a 'traditional' insurance business that are now open to challenge. It includes a stylised insurance value chain, which provides a framework for discussing how the disruptive forces in the industry are affecting incumbents. The paper also speculates on the form, or forms, which the insurance business model will take in the future. The paper was prepared for the Monash University and Australian Centre for Financial Studies' 22nd Melbourne Money and Finance Conference on 10-11 July 2017.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.00 × 0.4 = 0.00 |
| M · momentum | 0.20 × 0.15 = 0.03 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.