Posted on / by Caitlin Jennings

WCL talks insurtech in Royal Gazette

Rein4ce client WCL is featured in Bermuda’s Royal Gazette discussing how insurtech and fintech are reshaping how businesses interact and also bringing to an end many time and labour-intensive office processes.

Insurtech is an opportunity for people – but not for redundancies

In the article, Graham Card, a senior management consultant with WCL, points out that technology is changing the working day but this should not mean job losses. Instead, he believes it can lead to a refocusing of people’s roles and responsibilities to value-added tasks.

He said: “Insurtech and fintech are reshaping how businesses interact and also bringing to an end many time and labour-intensive office processes.”

Blockchain may be the lynchpin of insurtech – but it has roots in the past

On blockchain and insurance, Card notes that one of the key developments has been that the Acord standards are accepted as the structured data standard for delivering the outcome of blockchain calculations.

Now read on to read the full article and learn why Card believes we are in the second wave of digital in the reinsurance sector.

If this is the sort of media coverage and profile your senior leadership team would like arranged, contact our reinsurance PR and online team.

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