+25% CAGR #smartphone usage from 2010. Scary stat from Scott Galloway What will happen when #superapps or the #metaverse becomes more tangible in the US and Europe? Has does #financialservices and #insurance need to evolve in this world? Elias Ghanem Chirag Thakral

I just cannot explain to humans how bonkers Big Tech numbers are. One stat: The 5 biggest U.S. airlines in pre-pandemic 2019 generated a combined $12.3 billion in profit that year. Apple's profit for *3 months* was $34.6 billion

From ARK Invest #BigIdeas2022: industry #convergence and expected 8 year CAGR for #AI 26%, #Blockchain 43%, #Robotics 51%, #Genesequencing 40%! To adapt #financialservices and #insurance need to think differently about innovation. Elias Ghanem Chirag Thakral Seth Rachlin

Interesting study on increase in floods losses in the US. The #insurance industry should evolve risk models and response capabilities to prepare for an increase in extreme #climate events. Stay tuned for Capgemini Insurance insights on this theme Seth Rachlin

Good definition of Web3 Intelligencer

According to this market metric (the Dow): Invasion? What invasion? This is not specific to this metric. The vast majority of #markets seem willing to "look through" #Russia's military attacks on #Ukraine, opting for the #Covid 2020 playbook in fast forward. More to come on this

How fortunate I am to put my kids into warm, safe beds tonight. To know they will wake up for a boring breakfast and basketball games in the morning. I will never take this for granted. All my prayers for Ukrainians tonight especially the moms/dads trying to shield their children

Insured #NatCat losses are up 250% in the last 30 yrs. To find out how insurers can prevent such losses, take a look at our new World Property & Casualty #Insurance Report 2022 , bit.ly/3NfBp6m #WPCIR22 @Efma_news #ESG #sustainability Elias Ghanem Capgemini Insurance

Only 8% insurers are climate change resilience champions. Capgemini's #climate resiliency framework suggests #insurers must move beyond exclusions in #investment and #underwriting to build resilience. For more insights, visit bit.ly/3NfBp6m #WPCIR22 #ESG #sustainability

#Insurers need better #data to improve #riskmodels, tackle #climatechange and increase their resiliency to extreme #NatCat events. Download the #WPCIR22 report for more insights, bit.ly/3NfBp6m #ESG #sustainability Elias Ghanem Capgemini Insurance

1/2 YTD S&P 500 PRICE return for every year back to 1926. Blue=2022 Green=best Red=worst Through June 17, S&P -22.91%. Only 1932 was worse through this point. 1962 is close. If the year were to end here, it would be the 7th worst. No one has seen anything like this year.

The inaugural edition of our World Life and Health Insurance Report 2022, in collaboration with Qorus launches today! Download for interesting insights on how #insurers can unlock growth by focusing on customer well-being. bit.ly/3KHPwBx #WLHIR22

The inaugural edition of our World #Life and #Health Insurance Report 2022, in collaboration with Qorus launches today! Download for insights on how #insurers can unlock growth by focusing on customer well-being. bit.ly/3KHPwBx #WLHIR22 Elias Ghanem

#Insurers must leverage the rise of wellness among policyholders. Per our World Life and Health Insurance Report 2022 60%+ customers are interested in physical & financial wellness, respectively. For more insights, visit bit.ly/3KHPwBx #WLHIR22 dacadoo | health & wellbeing Elias Ghanem

A wellness-centric approach can help #Life #Insurers transform transactions into relationships, as 37% & 24% of policyholders consider insurers their favored partners for physical & financial wellness. To know more, visit bit.ly/3KHPwBx #WLHIR22 Qorus Elias Ghanem

pcmag.com/news/chatgpt-p…

I will be attending ITI Europe 2023 in London 1-2 March. Let me know if you're around! #ITIEU23

How does this change the way you work? Elias Ghanem Chirag Thakral

Twice the population of the US using a chatbot to relieve loneliness. Xiaoice is a Chinese-speaking chatbot that many have embraced to "take the edge off their loneliness." With over 650 million users, this chatbot has some people falling in love with it. (Bloomberg)

I couldn't imagine this would happen so fast: An insurer stopped offering policies on a market due to... too high climate risks ! This is obviously a real challenge for carriers, and probably an opportunity for tech and data startups to enable them to better understand & price