Capital Markets & IT - lakyara July 2021
Financial institutions are under constant pressure to reduce costs, improve operational efficiency, adapt to regulatory changes and grow their business. NRI believes that a combination financial knowledge and information technology are crucial to the industry’s growth and development.
Through our lakyara reports, NRI identifies the various capital markets and IT issues impacting our clients and the future of their business.
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As the transition from automobile ownership to usership inexorably progresses and autonomous driving gains prevalence, automotive risk will shift from individuals to businesses. Such a shift would transform auto insurance, given how businesses differ from individuals in terms of the risks they insure against. With the Japanese P&C insurance industry now dependent on auto insurance for 60% of its premium revenue, it urgently needs to prepare for the changes that will ensue from vehicular autonomy.