Innovation vs. Regulation

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Presentation transcript:

Innovation vs. Regulation Gregor Pilgram CFO Generali CEE Holding September 2017

Insurtech: … 2,7 b$ investments 2015 from 140 m$ 2011

Medium.com: The 15 most innovative companies in insurance

Medium.com: The 15 most innovative companies in insurance

Medium.com: The 15 most innovative companies in insurance

Medium.com: The 15 most innovative companies in insurance

Medium.com: The 15 most innovative companies in insurance

Medium.com: The 15 most innovative companies in insurance

Medium.com: The 15 most innovative companies in insurance

Fields of innovation management in insurance companies: MULTY CHANNEL CAPABILITY TELEMATICS AI, ROBOTICS, CHATBOTS BIG DATA GEOLOCALIZATION, DRONES, SATELITES PERSONALIZED PRICING INSURANCE ON DEMAND BLOCKCHAIN CUSTOMER EXPIRIENCE

MOTOR INSURANCE ROBOTICS & AI Fields of innovation management in insurance companies: MOTOR INSURANCE ROBOTICS & AI

MAJOR CHALLENGES IN INSURANCE INNOVATION 1. RESISTANCE TO NEW IDEAS 2. NO URGENCY 3. LEGACY CORE SYSTEMS 4. REGULATIONS

MULTY CHANNEL CAPABILITY Innovation vs. Regulation (?): Non-disruptive (internal) Innovation Regulation External Markets MULTY CHANNEL CAPABILITY TELEMATICS IDD PRIIPS LABOUR MARKET BIG DATA BLOCKCHAIN IFRS 4 GDPR GENERATION CHANGE INSURANCE ON DEMAND AI, ROBOTICS, CHATBOTS FINANCIAL MARKETS Disruptive Innovation P2P SHARING ECONOMY PERSONALIZED PRICING CUSTOMER EXPIRIENCE

Innovation vs. Regulation Gregor Pilgram CFO Generali CEE Holding September 2017