What does the Future Hold for the Insurance Industry?

Tags: insurance, it priorities, asia/pacific

While the industry’s resilience was undoubtedly tested during the economic fallout, insurers have nevertheless weathered the economic malaise with immense vigilance and fervor. Although today's global economic climate may still be fraught with unpredictability, profound challenges and changing regulatory landscapes, new business opportunities abound in both matured and emerging insurance markets.

Now is the opportune time for insurers to revolutionize their business strategies and architectures in an effort to steer themselves back to a growth trajectory. Insurers that are staying one step ahead of the competition are those that are able to create a more dynamic business framework via the assistance of technology, take on operational improvement initiatives, explore alternative distribution channels while staying customer-centric, and place more rigor on compliance and risk mitigation techniques, amongst others.

This year, as the world emerges from the global financial upheaval, IDC Financial Insights is taking the opportunity to reconvene the Asian Insurance Congress 2010, a knowledge-centric and networking conference for insurers across this region. This Congress will be the platform for industry executives to engage with prominent thought leaders as they share their views and experiences in building up successful operations in the rapidly growing and diverse insurance markets in the Asia/Pacific region.

Join me at this Congress in Singapore on 26th August to hear industry thought-leaders share their views on:

Hope and Optimism for 2010 and Beyond
- Regulatory Measures: Steering Insurers onto More Stable Ground
- Industry Outlook: A Sneak Peek of Future Opportunities
- Ready for the Upturn: Crafting the Winning Formula for Insurers
- Rethinking Your Business Operating Model
- Embracing a Tech-Savvy Culture: Panacea to Business Sustainability and Efficiency
- Increasingly on the Radar: Corporate Governance and Risk Mitigation
- Beyond Fraud Management 101: Elevating Fraud Detection and Prevention to New Levels

A Corporate Blueprint for Effective Business and Technology Processes
- Core Systems Enhancements: Out with the Old, In with the New?
- Change Transformation Initiatives: Adopting Process Reengineering to Optimize Business Performance
- Streamlining Data Processes: Transforming Noise into Valuable Information
- Adoption of Alternative Technology Delivery Models: Has this Gone Mainstream, or are we still at the Bleeding-Edge of Adoption?
- Alternative Technology Consumption Models: A Case Study

Strategic Approach Toward Fostering Market Sustainability
- Customer Centricity: Your New Age Marketing Tool
- Business Analytics: Unlocking the Benefits from Customer Segmentation
- Ensuring an Effective Agency Channel Management
- Alternative Distribution Channels: Moving to Higher Gear
- Core Fundamentals in Managing Bancassurance Relationships

Growth Opportunities from Alternative Lines
- Micro-insurance: Beyond Social Protection to Bottomline Benefits
- Product Innovation: Positioning your Insurer to Capture Opportunities in Health Insurance

This is definitely an event not to be missed by insurance practitioners and service providers. Attendance is complimentary for professionals from insurance organizations. Do visit http://www.idc.com.sg/insurecongress/2010/ for more information and I look forward to seeing you there!