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Deloitte: Technology to transform life insurance in 10 years

By Rob Starr, Content Manager, Big4.com

The Financial Services Council/Deloitte Future Leader Award winner for 2012 is Kim Cohen.

“In a well-researched paper, Kim Cohen outlined how advances in medicine, technologies, distribution and data analysis will radically transform the life insurance industry over the next 10 years,” said Sarah Woodhouse, Wealth Management leader at Deloitte. Her chosen topic was to consider transforming underwriting and claims management in life insurance.

John Brogden, CEO of the Financial Services Council said: “It is vitally important that our $1.8 trillion industry continues to grow, and through such initiatives as our Financial Services Council, Deloitte Future Leaders Award, which is now in its seventh successful year, we will assist the young professionals in our industry mature into future leaders.

“By combining the new thinking of our youth with the experience and wisdom of our senior executives and mentors, we will enrich and grow the industry,” Mr Brogden said.

This theme of advances in technologies defined the Future Leaders Awards in Sydney on Tuesday 27 November. The ABC Managing Director, Mark Scott AO, who is acknowledged for leading a major expansion into digital and on-line technology at the ABC, said the changing nature of consumer demand and the power of new technologies would also disrupt the wealth industry .

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