《慕尼黑再保险：2023年技术趋势雷达（英文版）（190页）.pdf》由会员分享，可在线阅读，更多相关《慕尼黑再保险：2023年技术趋势雷达（英文版）（190页）.pdf（190页珍藏版）》请在三个皮匠报告上搜索。

1、Tech Trend Radar How will technology impact insurance in 2023?Image:BullRun/Tech Trend Radar 2023Introduction2The Tech Trend Radar 2023 provides information about technology-driven trends that are relevant to insurance companies in the global insurance sector.Made by insurers for insurers,the radar

2、aims to sharpen awareness,provoke discussion and initiate new business opportunities that appeal toall insurance clients.It is a collaborative initiative by Munich Re Business Technology and ERGO IT Strategy.Together with Business Units and Strategic Units within Munich Re Group and external experts

3、 such as Institute of Electronic Business e.V.,Forrester and Gartner,future trends have been gathered,aggregated and rated in order to provide a comprehensive view of technology trends,their maturity and relevancefor Munich Re Group and the insurance industry.The Tech Trend Radar 2023 provides an ov

4、erview of innovative trends and solutions in the global insurance market.Tech Trend Radar 2023Contents3Healthy Human10Connected Experience37Data&AI63Cyber&Crypto105Redefining Industries137AdoptBehavioural AnalyticsDigital Healthcare1517Automotive IoTData FabricEdge Computing424446AI DemocratisationD

5、igital TwinMachine-driven DecisionsNatural-language ProcessingTrustworthy AI7072747779Cyber SecurityDigital IdentityHuman Recognition110119121Robotic Revolution142TrialAI MedicineBiomanufacturingPersonalized MedicinePopulation HealthRobotic Health1921232527Ambient ComputingExtended Reality4850Data M

6、eshKnowledge GraphsLarge Language ModelsQuantum Computing82858789Deepfake DefenseDigital CurrenciesSmart ContractsPrivacy-enhancing Tech9Autonomous ThingsHydrogen EconomyNew Energy at ScaleSmart Cities0AssessHuman EnhancementVaccine Technologies2931Brain-machine InterfaceMetave

7、rseSuper AppsUbiquitous Connectivity52545658Multimodal AIReinforcement Learning9295Automated ComplianceDecentralised Data Economy131133Blue EconomyBusiness ResilienceCarbon CaptureIn-Space Economy8HoldArtificial General Intelligence97Our Solutions33Our Solutions60Our Solutions99Our Soluti

8、ons135Our Solutions160Our approachContributionImprint6189190ForewordHow to read this reportTech Trend Radar 2023Cyber Security HighlightRegional pages Next Gen Insurance479113166181Tech Trend Radar 2023Foreword4Joachim WenningChair of the Board of ManagementMunich ReMessage from the CEORecent advanc

9、es,particularly in the field of artificial intelligence,have the potential to revolutionise the way we work and interact with one another.Keeping up with the latest trends in technologyis vital for companies in almost every sector to stay agile and meet evolving client needs.To be competitive,though

10、,it takes more than that.It calls for the ability to adapt to this ongoing change in a way that is sustainable and profitable for your business,to apply expert knowledge in a targeted manner and to act with foresight.Innovations such as AI,natural-language processing or quantum computing can help in

11、surers automate processes,analyse data more effectively,and provide personalised services to clients.Our Munich Re Tech Trend Radar,now in its tenth year,is designed to help you keep track of the latest developments.We have identified and offer appropriate solutions for five trend fields featuring g

12、ame changing technological progress:“Healthy Human”,“Connected Experience”,“Data and AI”,“Cyber and Crypto”,and“Redefining Industries”.Our experts have assessed the most important future trends in these areas to provide a comprehensive overview of their maturity and relevance to theinsurance industr

13、y.We invite you to join us for a deep dive into these topics and the trends that will shape our business of the future.Sincerely yours,Our Tech Trend Radar team was in full swing to analyse the selected new trends for our 10th anniversary edition,when ChatGPT from OpenAI arrived in November 2022 and

14、 now the world has a new cambrium explosion to explore.Before we briefly touch on the advances in AI let us first explain what you can expect from this years 10thanniversary edition:Culture of collaboration at scale:Our global team of authors has grown significantly as we not only analyse and classi

15、fy trends,but Munich Re and ERGO experts from all business and central units continuously explore innovation potential and build solutions.You might imagine the great pleasure to discuss the trends with the experts you will find the names and key insights of many of themin the new radar.Regional asp

16、ects:Weve heard you loud and clear in our webinars,on conferences and one-on-ones with CEOs and we deliver:This year we have added regional pages to the Tech Trend Radar to even better explain regional differences.Next generation insurance Post-Millennials:Originated from a discussion with Dutch ins

17、urers we have also asked our young talents to find out how Post-Millennials will buy insurance.All insurers agreed that also the young generation will seek insurance,but the question is if they will continue to choose established insurers or buy coverage differently in the future.Tech Trend Radar 20

18、23Foreword5Daniel GrothuesChief Technology OfficerERGO Technology&Service ManagementMartin ThormhlenChief Technology OfficerMunich ROptimise core capabilities and implement cultural changesOptimise your core capabilities and stop tinkering with AINew digital distribution partners,brokers,agents and

19、TPAs continue to invest into backend automation and API driven business models.Your underlying architecture has to support this now!And it improves your overall as well.has been taken to a new level by Sam Altmans OpenAI and their partnership with Microsoft.We expect significant advances in document

20、 under-standing and processing soon by various companies having the new AI regulations at the heart of everything we do in insurance.The news dont stop here there is so much more to explore:Self-driving vehicles,which touches on risks Devices understand humans Innovations in Oceans Life&Health explo

21、re the updates in the trend field Big updates on sustainability trends in the fieldCulture of insurance organisation must adopt the changeUnlike 10 years ago,we now see clearly that we have an abundance of technology choices for any given need.The leadership team is in charge of adjusting the cultur

22、e to embrace change that leverages the opportunities while leaving the core values untouched.Lets develop our future togetherResultTotal TrendsSelected Trends5 Trend Fields with 48 Trends(11 new trends)(7 adopted or transformed trends)Tech Trend Radar 2023Our approach6Step 1:ScreeningAnalysis of tre

23、nd developmentsCompiling developments and new trends for 2023 with external analysts reportsand internal market know-how,following 3 Golden Rules:1.Technologies that potentially disrupt the insurance industry.2.Technologies that potentially change business models.3.Technologies that potentially have

24、 an influence on the value chainand on internal and external processes within the insurance industry.Step 3:EvaluationAssessment of impact and relevanceClassifying trends according to their level of relevance for ERGO and Munich Re.Analysing trend impact along the insurance value chain and deriving

25、opportunities and risks.Step 2:Aggregation and trend selectionDefinition of trendsAggregating data from screening processes and defining the most relevant trends categorised in five primary fields and screening for“outdated”trends.Further drill-down and validation with market data and identification

26、 of corresponding use cases.Disclaimer:References to companies do not constitute or imply endorsement of any company or organisation.7Explore the interactive radar The interactive radar may be filtered by line of business to quicklyfind what is most relevant for you.Each trend comes with a short des

27、cription,opportunities and risks,as well as selected cross-industry use cases.Most importantly,the report provides an assessment of a trends maturity.Tech Trend Radar 2023How to read this reportHoldAssessTrialAdoptTrends are provided with a trend maturity.HoldAdd it to your watch list TrialFirst ini

28、tiatives should be underwayin the most affected business areasAssessConsider what it maymean for your businessAdoptStart taking full advantage of this technologyThe report is structured along five trend fields.HealthyHumanConnected ExperienceData and AIRedefining IndustriesCyber and CryptoTech Trend

29、 Radar 2023This years changes 8 Ambient Computing Automotive IoT Blue Economy Business Resilience Carbon Capture Data Mesh Hydrogen Economy(re-added)Large Language Models New Energy at Scale Super Apps Ubiquitous ConnectivityNew trends 2023Adopted or transformed trends Advanced Batteries(adopted)AgT

30、ech(adopted)Computer Vision(adopted)Digital Assistants(adopted)Enhanced Reality(transformed intoExtended Reality)Trusted AI(transformed into Trustworthy AI)Cellular Smart Grid(transformed into New Energy at Scale)You would like to dig deeper on chosen trends?Our aim is to promote innovative initiati

31、ves around each tech trend with our clients and develop the best solution for the challenges of tomorrow.Please feel free to reach out to us with any questions and to your responsible client managers for the full report,which additionally features three use cases per trend.Explore the interactive ve

32、rsion?Access the augmented reality experience using the Snoopstar app or access the interactive website Trend Radar20239Data FabricMetaverseRobotic HealthPersonalized MedicinePopulation HealthVaccine TechnologiesDigital HealthcareBiomanufacturingRobotic RevolutionHuman EnhancementArtificial General

33、IntelligenceReinforcement LearningKnowledge GraphsMachine-Driven DecisionsNLPAI MedicineQuantum ComputingDigital IdentityExtended RealityEdge ComputingBrain-Machine InterfaceUbiquitous Connectivity+AI DemocratisationMultimodal AIHuman RecognitionTrustworthy AICyber SecurityDeepfake DefenseDigital Cu

34、rrenciesPrivacy-Enhancing TechDecentralised Data EconomyAutonomous ThingsSmart CitiesIn-Space EconomyDigital TwinSmart ContractsAutomated ComplianceAutomotive IoT+Super Apps+Data Mesh+Hydrogen Economy+Carbon Capture+Blue Economy+Ambient Computing+New Energy at Scale+Large Language Models+Business Re

35、silience+Behavioural AnalyticsHoldWatch listAssessEvaluationneededTrialInitiatives inaffected unitsAdoptStart initiativesin your unitContactDaniel GrothuesChief Technology OMartin ThormhlenChief Technology Onew in 2023Healthy HumanThe global medicalrobotics market isexpected to grow toUS$44.45bnby 2

36、030.FDA considers lab-grown meat made from cultured chicken cells safe for human consumption in late2022.The globalnon-oncology precisionmedicine market is forecastto more than triple toUS$130bnby 2030The global health-care biometrics marketsis predicted to grow to US$32.9mby 2030The globaltelemedic

37、ine market is expected to reach US$123bnby 2030.Around US$809.2bnis the projected digitalhealth market sizeby 2030Technology impacts in 2023Healthy HumanHealthy Human as a trend field considers all technologies that are designed to make our lives healthier.We are observing the development of digital

38、 healthcare and behavioural analytics which enable better coordination between different service providers and health status monitors.Now that artificial intelligence in medicine(generic and personalised)and population health is beingapplied to deliver care in a proactive manner,we are seeing increa

39、singly more new diagnosis andtreatment approaches being developed for diseases.We are also observing development in RoboticHealth,which are enabling more subtle movements during complex operations or in therapy.Vaccine technologies and drug development is an exemplary state-of-the-art medical resear

40、ch field which is aimed at evolving vaccines for therapeutic purposes.The Healthy Human trends in 2023 primarily address insurers that offer life and health insurance products.It is important for them to understand that,with new technologies in digital health,telemedicine and even the field of biote

41、ch,demand for new insurance solutions will not only increase but key functions,like underwriting and risk management,can be enhanced with new data streams and insights(e.g.,with population health data).Behavioural AnalyticsBehavioural analytics monitor,analyse,measure and interpret peoples actions,i

42、ntentions and characteristics from users footprints across devices.Digital HealthcareAdvanced technologies enable completely new approaches to health and wellbeing.Vaccine TechnologiesNew methods to produce safer and more effective vaccines in a faster,cost-effective way as they do not require the u

43、se of live or attenuated viruses or bacteria.Human EnhancementTechnology is used to improve or augment physical,cognitive or psychological abilities,such as through brain machine interfaces,brain computer interfaces or exo-skeletons.BiomanufacturingThe industrial production of a(bio)product using bi

44、ological organisms and systems such as cells or microorganisms for various industries from pharmato energy.Personalized MedicineIncreasing AI options and medical advancements allow individual and personalised treatments with much higher effectiveness.Population HealthPopulation health refers to the

45、health outcomes of a group,based on data of many individuals in defined populations such as nations,age groups,cultures.Robotic HealthCognitive AI in robotics looks promising for the use of robots in care,rehabilitation and prosthetics,as well as surgery.AI MedicineMachine Learning and other AI allo

46、w a better and more objective data analysis and speed up medical processes.All trends 202312new in 2023Hold Watch listAssess Evaluation neededAdopt Start initiatives in your unitTrial Initiatives in affected unitsEvolution over timeTrend EvolutionHealthy HumanAdoptStart initiatives in your unitTrial

47、Initiatives in affected unitsAssessEvaluation neededHoldWatch listAI MedicineBiomanufacturingDigital HealthcareHuman EnhancementPersonalized MedicinePopulation HealthRobotic Health202220223202220232022202320222022220223Vaccine Technologies2020202220212023Behavioural

48、Analytics202220232022202Insurance Value ChainExplanationThe illustration represents the impact the trend fields have upon on the insurance value chain.With the dark boxes reflecting areas of high impact,and light boxes low impact.Impacts on the Value ChainHealthy HumanProductDesign&Pricin

49、gSales&DistributionUnderwritingPolicy AdminRisk ManagementCustomer EngagementClaimsAsset ManagementAI MedicineBiomanufacturingDigital HealthcareHuman EnhancementPersonalized MedicinePopulation HealthRobotic HealthVaccine TechnologiesBehavioural Analytics14diabetes or high blood pressure which requir

50、e not only medication but changes to the lifestyle that is causing the disease.Subsequently,this behavioural data can support patients in better managing their everyday life.When future health problems and diseases can be forecasted based on behavioural data like physical inactivity,excessive social

51、 media use,or non-compliance with treatment plans,behavioural analytics becomes even more appealing for insurers.Opportunities Health and lifestyle data can be used as key information to enable enhanced risk assessment in comparison to static questionnaire responses Customer segmentation based on be

52、haviour,such as health and wellness habits,products and services can be tailored accordingly Personal habits and health records can be used to more effectively and individually price health insurance productsBehavioural analytics monitor,analyse,measure and interpretpeoples actions,intentionsand cha

53、racteristics from usersdigital footprints across websites,mobile apps,and digital products.While behavioural analytics are notanything necessarily new,their relevanceis continuing to grow in parallel with the amount of data generated across multiple data-sources,such as from social media platforms.T

54、he same applies to the growing number of digital health applications and wearables that are used worldwide.Today,most modern smartphones orsmartwatches are already equipped with different sensors,such as measuring the number of steps,blood pressure or blood oxygen levels.Concurrently the tools used

55、for behavioural analytics have developed further,being able to aggregate,analyse and process more data along with contextual information.This is especially relevant for healthcare where behavioural data such as blood pressure,step counting or meal tracking can be used for a more holistic health asse

56、ssment and monitoring of chronic diseases such as Risks Bias,either in the data or in the algorithm design,can result inunfair treatment of certain groupsof customers Companies collecting and analysing behavioural user data are required tobe compliant with relevant laws and regulations and need to p

57、rotect the privacy and personal data of their users Fake or incorrect behavioural data can lead to wrong risk-or pricing assumptionsHealthy HumanAdoptBehavioural Analytics Fraud prevention by detecting health risks such as smoking that were not disclosed in risk questionnaires or by uncovering multi

58、ple claims for the same condition Usage of new customer engagement channels as data may show that a certain type of life or health insuranceis required15Roadmap for Behavioural Health IntegrationSourceASPE&HHSThe U.S.Department of Health&Human Services(HHS)launched a roadmap that aims to ensure the

59、full spectrum of behavioural health care will be integrated into the health care,social service,and early childhood systems with the goal of ensuring people having equitable access to evidence-based,culturally appropriate,and person-centered care.The roadmap also builds upon US$13 million in federal

60、 funding to increase access to behavioural health care services and address health inequities in rural America.HomeUrine“Lab”SourceWithingsFrance SAThe“U-Scan”is a new at-home urine analysis device.This cartridge-based platform is able to detect,measure,and analyse multiple biomarkers contained in u

61、rine.Depending on the cartridge utilised,the luteinizing hormone for menstrual cycle prediction as well as ovulation windows can be determined or values like water balance,pH levels or ketones for judging energy metabolism and vitamin C levels can be measured.It is intended to encourage and/or help

62、the user maintain a healthy lifestyle by being able to independently and regularly self-monitor themselves using the data monitored.The“U-Scan For Professionals”cartridge is an at-home solution to give healthcare professionals access to regular and accurate urinalysis data to easily monitor patients

63、 and health program participants or to assist medical research,clinical trials or remote patient monitoring.Key InsightRising volume of behavioural health data and new data-sources allow for more in-depth analysis and insightsInsurers need to deal with the growing volume of aggregated behavioural he

64、alth data by ensuring appropriate levels of in-house expertise,IT-infrastructure,compliance,and legal requirements to enable new data driven behavioural insights.16Healthy HumanAdoptBehavioural AnalyticsDigital tools enable completely new approaches to health and wellbeing.Today,visiting a doctor re

65、mains a burdensome challenge across the globe,especially in highly developed countries.The journey from the onset of the disease,to visiting a general practitioner,and then receiving the final diagnosis from a specialist can take several weeks which shows some obvious potential for improvement.Digit

66、al healthcare tools can speed up such processes massively.First and initial checks can be provided on-demand via cell phone(e.g.,symptom checker or skin cancer screening),booking tools support scheduling necessary appointments or send reminders for regular check-ups,vaccinations or screenings.All of

67、 these tools generate valuable and important data which can be stored in Electronic Health Records(EHR).EHRs allow medical professionals direct access to a patients complete medical history,test results,treatment record,allergies and many more data.With that,EHRs do not only enable faster and better

68、 diagnosis but,in conjunction with other digital tools and technologies,it also allows new opportunities in the space of disease surveillance and biometric monitoring.Altogether,Digital Healthcare tools simplify the coordination between the different service providers:doctors,hospitals and insurance

69、 companies.The data(once standardised and structured)from solutions such as DiagnosisHome or TreatmentHome provide valuable data-driven insights in the future,thereby improving existing data models.Opportunities Patients receive their intervention earlier,medication and treatment errors can be reduc

70、ed,and the standard of care increases through greater continuity Incorporating digital healthcare technology and tools across the various steps of the patient journey generates vast amounts of connected data,which enable new and in-depth analysis and data-driven decision making The use of digital he

71、althcare tools increases process efficiencies while reducing administrative burdens which can result in potential largecost savings and improved patient satisfactionRisks The use of personal health data generated by digital healthcare toolsis limited by different regulations worldwide The creation o

72、f real value for patients requires the integration of variousdata sources which again requires structured data and high computer power Personal healthcare data is highly sensitive and must be well safeguarded The clinical acceptance of efficiency and sufficiency of digital tools needs to be proved o

73、ver a longer duration All players in the healthcare system need to be educated and trained touse digital tools,especially medical professionals17Healthy HumanAdoptDigital HealthcareDragon Medical OneSourceNuance Communications,Inc.Conversational AI improvesclinical productivityNuance is one of Micro

74、soft latest acquisitions,costing US$20bn and marking a massive strategic move into healthcare for the company.Dragon Medical One uses advanced speech recognition coupled with voice-enabled workflow capabilities to create notes for clinicians and nurses through transcription,also into EHRs.The tools

75、capabilities now extend to further clinical tasks such as order entry,chart search and review,and note retrieval.In a case study with Oxford University Hospitals,clinic letter turnaroundtimes could be reduced from 12 to 3 days.Clinical organisations hope that these improvements will enhance clinicia

76、n productivity,reduce burnout rates as well as costs,and improve overall efficiency while freeing up time and resources for patient facing tasks.DynamixSourceInspirata,Inc.Oncology specific AI furthers pathological diagnosticsInspiratas Dynamyx software is about streamlining digital pathology case m

77、anagement.It features a fully integrated workflow tool,an evidence tray that collects all the digital interactions pathologists have with the case,an image utilisation tool and an open interface to any scanner or laboratory information management system.Dynamyx was approved by the U.S.Food and Drug

78、Administration in 2022,allowing customers to use whole-slide images for primary diagnosis rather than traditional glass slides.Fujifilm announced in December 2022 that it will acquire Florida-based Inspirata Inc.in 2023.Healthy HumanAdoptDigital HealthcareKey InsightLarge investments underline how D

79、igital Healthcareis rapidly integrating into the medical field and transforming it.The options for transforming and speeding up processes is massive and will impact every stakeholder within the next decade.The digitisation of the healthcare systems have made significant progress and projections show

80、 that the digital health market may nearly quadruple to a financial volume of US$809bn by 2030.Also,large government initiatives such as in India or France are driving this development further.US$211 billionin 2022US$809 billionCAGR:18.6%Projected Digital Health Market Size 18Artificial Intelligence

81、 supports medical professionals in diagnosis and treatmentsAI Medicine is a field that uses machine learning and artificial intelligence techniques to analyse medical data and make recommendations or predictions about patient care or drug development.These systems can be used to support a variety of

82、 medical tasks,including diagnosis,prognosis,treatment planning,and monitoring of patient health.For example,predictive analytics systems can be employed to identify patients who are at high risk of developing a particular condition or disease,based on their medical history,demographics,and other fa

83、ctors.Complementary to this,diagnostic systems that use AI to analyse medical images or other diagnostic data to identify abnormalities or disease have been maturing regarding early cancer detection employing,both bio-marker-based and visual-based-data.Also,AI-based drug discovery incorporating larg

84、e amounts of data,such as genomic data,chemical compounds,and clinical trial results,can be used in order to identify potential drug candidates and predict their effectiveness.This can speed up the drug discovery and development process that currently takes about 10 yearsby automating tasks,such as

85、data analysis and molecule design,and by identifying patterns and relationships that may not be immediately apparent to humans.AI can also help to reduce the cost of drug development that averages out to about US$2.6bn for bringing a new drug to the market by identifying promising drug candidates mo

86、re quickly and efficiently.Opportunities Improving diagnostic accuracy and reducing the risk of missed or incorrect diagnoses Patient data can be analysed to recommend the most appropriate treatment options based on the patients individual characteristicsand circumstances The potential to significan

87、tly improve the speed,efficiency,and effectiveness of the drug development process can support the development of more targeted and effective treatments for a wide range of diseases By automating certain tasks,such as data analysis and decision-making,AI systems can help to reduce the workload of he

88、althcare providers and free up their time to focus on other important tasksHealthy HumanTrialAI MedicineRisks In case the data used to train the AI system is biased,it may produce biased or unfair results,also the system may be less accurate at diagnosing individuals from other patient groups Vulner

89、ability to cyber attacks could compromise patient data and disrupt healthcare services There are ethical concerns surrounding the use of AI in medicine,including issues related to patient privacy and autonomy19AI augmented multiomics analysis platformSourceFreenome Holdings,Inc.Early cancer detectio

90、nMultiomics refers to the study of multiple omics(such as genomics,proteomics,metabolomics)in order to gain a more comprehensive understanding of biological systems.Freenome developed early cancer detection blood tests using a comprehensive multiomics analysis platform that combines expertise in bio

91、logical and computational sciences to look beyond tumor signals with a machine learning classifier in order to detect the bodys early warning signs of cancer.In 2022 Freenome announced working with the Oracle Cerner network,launching a multiomics oncology study.This precision medicine initiative wil

92、l use real-world data from the Learning Health NetworkTMfor clinical validation and refinement of cancer risk prediction models.Healthy HumanTrialAI MedicineKey InsightGrowing regulatory openness in AI drug discoveryEuropean regulation ICH M7 EU facilitates quantitative structure-activity relationsh

93、ip(QSAR)assessment of toxicity.This computational method is able to provide a faster and more accurate analysis of the relationship between the chemical structure of a compound and its biological activity.At the same time,the U.S.Food and Drug Administration(FDA)recognizes single-group trials in rar

94、e diseases with control groups incorporating real-world evidence(RWE).Partnership for AI-based breast cancer screeningSourceGoogle Health,Google LLCMammogram ScreeningIn November 2022 Google announced its first commercial agreement for their AI technology to iCAD,a medical technology company that pr

95、ovides breast cancer detection services to health care facilities around the world.In an earlier study published in Nature,Googles algorithm for mammograms performed better than radiologists in logging fewer false positives and false negatives in reading the mammograms from more than 91,000 women in

96、 theUS and the UK.While the algorithm is not designed to replace radiologists in the near term it aims at complementing the radiologist,since for now,no regulatory agencieshave signed off on an entirely AI-based interpretation of mammograms.20Traditional biomanufacturing which has been common since

97、the late 1970s comprises the use of biological processes to produce pharmaceuticals,industrial enzymes,food additives,chemicals and other products.It involves the cultivation of microorganisms or cells to produce a specific product,which can be a chemical compound,protein,or other biomolecule.So-cal

98、led advanced biomanufacturing refers to the use of cutting-edge technologies and techniques,such as advanced analytical tools and automation,as well as the application of engineering principles,to optimise the production,biological processing and design of biomanufacturing processes.Advancements in

99、biomanufacturing have meanwhile led to fuels,chemicals,and engineered meats and plants,for example,being made from renewable resources.Subsequently,foodtech companies have lately been focusing on lab-grown meat,which may drastically lower the future carbon footprint of meat production:Using a biopsy

100、 from an animal,scientists isolate high-quality cells from different parts of the tissue.These cells are then fed with nutrients so they can grow efficiently under controlled conditions.Finally,they are put in bioreactors,where they grow until ready to be harvested and made into meat components.Conc

101、urrently,overarching biomanufacturing-based efforts are underway to develop“circular bioeconomies”,where agricultural resources are harvested,consumed,and then regenerated in a sustainable manner into other usable materials,such as sustainable asphalt and bio-plastics.Healthy HumanTrialBiomanufactur

102、ing Reduction of the environmental impact of biomanufacturing processes,for example by minimising waste production or using renewable resources Growing bioeconomies and their useof novel technologies,built upon bio-manufactured components,need specialized business risk solutionsRisks The public may

103、have concerns aboutthe safety and ethical implications of biomanufacturing,making it difficultfor companies to secure public support for their products and processes Regulatory requirements are complex and time-consuming to navigate.Ensuring compliance with these requirements can be a significant ch

104、allenge for companies The development and implementation of biomanufacturing technologies can be expensive and may involve significant upfront investments,which could make it difficult for companies to recoup their investmentsOpportunities Optimising the performance of biomanufacturing processes,whi

105、ch can lead to higher productivity and lower costs 21FDA clears lab-grown meatSourceFDALab-grown meat considered safe for human consumptionAfter Singapore was the first nation to allow the sale of cultivated meat to consumers in late 2020,the US were the next to follow as the FDA approved food made

106、from cultured chicken cells as safe human food in late 2022.Before this food can enter the market,the facility in which it is made also needs to meet applicable regulatory requirements.This includes manufacturing and inspection requirements by FDA,FSIS and USDA.Although the FDA has only approved pro

107、ducts from the food technology company Upside Foods for use,it has stated that it is prepared to collaborate with more businesses creating cultured animal cell food and production methods,including those generated from cells from seafood.Healthy HumanTrialBiomanufacturingUS$28.6bnin 2026US$94.5bnCAG

108、R:34.8%Forecast for the worldwide culturedmeat market size 20262030Key InsightRegulatory and executive frameworks take shapeThe decisions by the FDA and the US government lay the foundation for upcoming biomanufacturing investments and developments that will require new covers by their insurance par

109、tners.22US President signsoff executive orderto advance biomanufacturingSourceThe WhitehouseThe Executive Order 14081,“Advancing Biotechnology and Biomanufacturing Innovation for a Sustainable,Safe,and Secure American Bioeconomy”was signed off by President Biden.Some of the goals of the executive or

110、der are to bolster and coordinate federal investment in key research and development,improve and expand domestic biomanufacturing production capacity and processes,and promote standards,establish metrics,and develop systems to grow assess the state of the bioeconomy.This executive order also set in

111、motion the so-called PCAST council to release a report in December 2022 labelled“Strengthening Biomanufacturing to Advance the Bioeconomy”which contains three core recommendations:to build up biomanufacturing infrastructure hubs,tostreamline the necessary regulatory approval processes,and to prepare

112、 anew,data-based strategy for the bioeconomy.More effective treatments and therapies based on patients individual characteristicsThe goal of personalized medicine is to provide the most effective treatment for each patient,rather than using a one-size-fits-all approach.There are several ways that pe

113、rsonalized medicine can be used in clinical practice.One example is pharmacogenomics,which involves using a patients genetic information to predict how they will respond to certain medications.This can help doctors choose the most effective and safest medication for each patient.Another example is t

114、he use of genetic testing to help diagnose and treat medical conditions.Genetic testing can be used to identify genetic mutations that increase a persons risk of developing certain diseases,such as cancer.This information can help doctors tailor preventive measures,diagnostics and in case of disease

115、 also treatment plans to each patients specific needs.A lot of progress has recently been made in gene therapy recently.One form of this therapy is called“base editing”which allows scientists to“zoom”to a precise part of the genetic code and then alter the molecular structure of just one base,conver

116、ting it into another and changing the genetic instructions.This allows researchers to make highly specific changes to the genome that can potentially correct genetic mutations or alter the function of a gene,thereby redirecting the immune system to fight cancer,for example.In this segment there are

117、already trials of base editing under way in blood disorders like sickle-cell disease and beta-thalassemia,as well as high cholesterol that runs in families.Healthy HumanTrialPersonalized MedicineOpportunities Potential to improve patient outcomes by providing more targeted and effective treatments.T

118、his approach can also help to reduce the risk of side effects and improve the overall quality of care and in the end reduce costs Development of new treatments that are tailored to the specific needs of an individual.This can help to address unmet medical needs and improve patient care Help to ident

119、ify individuals at high risk for certain diseases or conditions and provide personalised prevention strategies to help reduce the risk of developing those conditionsRisks Personalized medicine can be expensive and comprises specialised treatments that may not be covered by insurance.This could creat

120、e barriers to access for some patient groups The collection and analysis of sensitive personal data,such as genetic information,which raises concerns about privacy and the potential for discrimination There is currently a lack of standardisation and regulation in the field of personalized medicine,w

121、hich could lead to inconsistencies in the quality and accuracy of tests and treatments23Gene-based treatment for LeukemiaSourceNHSFirst use of a revolutionary new type of medicineJust six years after the technology of base editing was invented,it saw its first application in 2022 where a large team

122、of doctors and scientists used it to engineer a new type of T-cell that is capable of hunting down and eliminating the patientscancerous cells by redirecting the immune system to fight the cancer.This experimental therapy which contained millions of the modified cells subsequently resulted in freedo

123、m from cancer up to now.Healthy HumanTrialPersonalized MedicineFDA approves most expensive treatmentever for Hemophilia BSourceFDA&CSL Behring LLCNew gene therapy approved“Hemgenix”is a gene therapy to treat adults with hemophilia B,a genetic bleeding disorder in which people do not produce a protei

124、n needed to create blood clots.Manufacturer CSL Behring set the price at US$3.5 million per treatment,making it the most expensive drug in the world.Despite the high cost,the U.S.Food and Drug Administration(FDA)approved Hemgenix based on safety and effectiveness evaluated in two studies.Key Insight

125、Strong projected growth of global precision medicine markets.The global non-oncology precision medicine market is forecast to more than triple from 2019 to US$130bn by 2030.The current revision of our cancer underwriting guidelines reflects the continuously improving mortality and morbidity of cance

126、r patients.Personalized medicine will help to continue this success story,especially for cancer types or diseases that are currently difficult to treat.Alban Senn,M.D.Chief Medical Officer Munich Re24Population health focuses on the health of a population as a wholeto indicate the healthrisk of indi

127、viduals.It involves understanding and addressing the various factors that can impact health,such as social,economic,and environmental factors.By considering these factors,which today are often not collected neither analysed,the prevention of diseases could be more targeted to specific people of risk

128、 and therefore decrease current health inequities.Collecting,summarising and analysing such a massive amount of data is only possible if all stakeholders in a health system collaborate-public health agencies,healthcare provider,community organisations and patients themselves.Lastly,regulators are ke

129、y as clear and transparent rules and guidelines are required.Population health strategies will lead to drastic changes in health systems but,in the end,it supports delivering care in a proactive manner as opposed to the conventional reactive approach.Healthy HumanTrialPopulation Health Improve the o

130、verall health of a community while concurrently reducing healthcare costs by addressing the root causes of poor health outcomes Based on population health data,health insurance services may be modified to fit the requirements of particular subgroups and individualsRisks Accurate and timely data is c

131、ritical for the success of population health initiatives.However,collecting and analysing data from multiple sources can be challenging,and may require specialised skills and resources The way care is delivered must evolve for population health.It involves coordinated work based on interprofessional

132、 collaboration,and its complete implementation might take long time It needs to be ensured that population health data is collected,stored,and used in a secure way that is compliant with relevant laws and regulations and protects the privacy of individualsOpportunities Help to reduce health disparit

133、ies among different groups of people,such as those with lower income or those living in underserved areas25Genomic dataset of nearly 100,000 whole genome sequences publishedSourceNational Institutes of Health(NIH)The All of Us Research Program of theUS National Institutes of Health currently provide

134、s access to about 100,000 extremely varied whole genome sequences.This diverse set of participants can change the landscape of genomics researchA little over 50%of the data comes from people who identify with ethnic groups that have historically had lower research representation.By addressing previo

135、usly unanswered concerns about health and illness,thisdata will allow researchers to advanceknowledge and make new data-driven discoveries that will help to close long-standing health inequities.The genomic data is available via a cloud-based platform,the All of Us Researcher Workbench,which additio

136、nally includes genotyping arrays from 165,000 participants.Healthy HumanTrialPopulation HealthKey InsightPopulation health has the potential to evolve health care systems from a therapy-based approach to a preventive approachThis is best supported by a data-driven approach with a structured analytic

137、s process driven by skilled and competent healthcare technicians,clinicians and data-analysts.The Population Health Information ToolSourceMassachusetts Department of Public Health(MDoPH)The vision of the Massachusetts Department of Public Healths Population Health Information Tool(PHIT)is to prevent

138、 illness,injury and premature death,to ensure access to high quality public health and healthcare services as well as to promote wellness and health equity for all citizens.To achieve that the MDoPH is building a cloud-based tool to aggregate available health data across the whole country.The tool c

139、ombines data on so-called social determinates of health such as conditions in which people are born,grow up,work,live,and age with community health data.These community health datasets already include more 14 segments such as infectious diseases,hospitalizations and a cancer registry.26Healthy Human

140、TrialRobotic Health In face of an ageing population and a lack of work force,elderly care is one of the markets most in need of valuable digital solutions and support.This may create new opportunities for insurers to offer new products for robotic care Robotic health systems can monitor patients pro

141、viding real-time information on their condition and alerting health-care professionals if there are any changesRisks In case robots begin making medical decisions or offering unsupervised assistance there is a potential risk of liability Human error in programming or operating the robot as well as m

142、is-communication or misinterpretationof data may lead to unintendednegative outcomes Robotic health is interdependent on other technologies such as computer vision,sensors or machine learning,all of which are prone to their respective own domain-specific errorsOpportunities Robotic-assisted microsur

143、gery allows for greater precision,control and reduces the risk of human failure as well as necessary corrective procedures In remote surgery,medical professionals may carry out procedures regardless of where they are.Patients located in remote areas could obtain expert-led surgery if they need speci

144、alized careimprove especially minimally invasive surgery,such as cardiac,digestive,gynaecology,plastic reconstructive surgery,throat surgery,neurosurgery,and vascular surgery.In these examples a surgeon controls the robot to make smaller,more precise movements than are typically possible with a huma

145、n hand.Delicate,flexible movements during complex operations are made,thereby helping ensure robotic surgeries are easier andmore successful.Robotic health refers to theuse of robots and robotic technology in the healthcare industry,such as in surgeries,rehabilitation,and assistance with daily livin

146、g activities for patients with mobility impairments.This can include surgical robots,exoskeletons,and telepresence robots that allow doctors to remotely consult with patients.The goal of using robotics in healthcare is to improve patient outcomes and quality of care,while also increasing efficiency

147、and reducing costs.Next to hydraulic systems,machine learning,cognitive automation,natural-language processing and conversational interfaces are key technologies in this enabling robots to interact more on an emotional level by being,for example,a robotic companion to the elderly,making them feel le

148、ss lonely while monitoring their health(e.g.,blood pressure,blood sugar levels).In addition,robots are continuing to27Mako Smart Robotics for Total Knee&Total Hip replacementSourceStryker CorporationRobotic-Arm assisted surgery for orthopedic implants Through CT-based 3D modeling of the unique bone

149、anatomy,surgeons can use the Mako SmartRobotics system to create personalized surgical plans that consider disease severity,joint alignment and the surrounding bone and tissue.Its scope of application is for surgeries of the hip and knees,which includes both partial and total knee replacements and h

150、ip replacements.The precise data created at the time of surgery allows the surgeons to continually assess the procedure and refine the surgical plan intraoperatively if necessary.The Mako robotic arm allows for greater precision during the operation,and that means fewer patients need follow up surge

151、ries as it is often necessary to fine-tune the orthopedic work done in previous surgical procedures.Healthy HumanTrialRobotic HealthKey InsightMarket adoption of robotic health is highly dependent on local healthcare systems and their ability to investWhile robotic health has made headway into diffe

152、rent medical spaces,high initial costs,limited availability,and differing legislation usually are factors limiting its further progression.28One autonomous robotic platform,two arms,four areas of applicationSourceAeolusRobotics,Inc.Versatile humanoid service robotAeolus Robotics introduced“aeo”,a du

153、al-arm humanoid robot that can perform several service tasks,including delivery,security,eldercare,and ultraviolet germicidal disinfection.The robots dual arms have seven degrees-of-freedom,which allow it to perform simultaneous tasks such as delivery or disinfection with one arm,while the other arm

154、 is free for mobility tasks such as operating elevators or opening doors.The robot can also be operated remotely,when necessary,from a smartphone.Aeos care solution aims at maintaining a safe environment for patients and residents while reducing staffing needs.Its vision and artificial intelligence

155、enables it to detect,for example,whether hospital patients,or the elderly,have fallen or need medical attention.The robot is intended to complete simple tasks that free up staff to have more time to interact with patients such as performing night shift patrol for resident safety,delivery of medical

156、supplies across hospitals or disinfecting facilities.Aeo is deployed in Japan,Hong Kong,and Taipei and made its North American debut at the CES exhibition inLas Vegas in early 2023.Human enhancement refers to age-old human desire to improve or augment human physical,cognitive,or psychological abilit

157、ies beyond their natural levels using technology orother means.Rather than simply treating disease or injury,the goal of human enhancement isto enhance or augment human capabilities.Examples include using prosthetics to improve physical abilities or using brain-machine interfaces to enhance or regai

158、n abilities.The application can range from permanent physical modifications of the human body to regain healthier living,to wearable gadgets with the key goal of enhancing a healthy humans capabilities.Recently so-called brain-machine interfaces(BMIs),which are systems that allow communication betwe

159、en the brain and an external device,along with brain-computer interfaces(BCIs),which allow a person to control a computer or other device with their thoughts,have made progress towards the commencement of initial clinical trials.Their overarching potential human application aims at restoring or rega

160、ining parts of body functionalityor of sensory function,such as vision,hearing or the control of prosthetic limbs.Opportunities Potentially improving physical abilities such as strength,endurance,reflexes and mobility.This could have a significant impact on people with physical or cognitive disabili

161、ties,allowing them to perform activities that would otherwise be impossible Augmenting research on the brain and neural functioning,which could lead to new insights into the workings of the brain and new treatments for brain disorders Regaining physical abilities:prosthetic could be used to replace

162、lost limbs;cochlear implants can be used to restore hearing and/or exoskeletons could enable people to walk again faster after a strokeRisks The long-term impact of such improve-ments could be difficult to predict.Significant health risks and related expenses for insurers might result There are comp

163、lex legal and regulatory challenges in order to ensure safety and fairness of such enhancements People may feel pressure to enhance themselves in order to keep up with others or to meet societal expectationsHealthy HumanAssessHuman EnhancementBypassing damaged neural pathways with a BCI implantSourc

164、eSynchron Inc.First in-human clinical trial completedThe Syncrhon Stentrode is an endovascular implant,placed in a vein alongside the motor cortex which generates any signal related to movement.A receiver device implanted in the chest transmits the neural signals to a decoder.Finally,a machine learn

165、ing algorithm translates those signals into specific digital commands.“The Stentrode With Thought-Controlled Digital Switch(SWITCH)Study”published early 2023 questioned if an endovascular brain-computer interface(BCI)implant is safe,and if it can enable paralysed patients to control a computer with

166、their thoughts.In this case series including four patients with severe bilateral upper-limb paralysis,the BCI device could be implanted into theThe Science EyeSourceScience Corporation“Prosthetic eye”combines implants,gene-therapy and wearable hardware In late 2022 the“Science Eye”,an advanced optog

167、enetic visual prosthesis device,was announced by the Science Corporation.This device could offer new hope for patients with serious blindness due to photoreceptor loss attributable to retinitis pigmentosa or macular degeneration,for example,by restoring visual input to the brain.The Science Eye empl

168、oys a combined approach.At first optogenetic gene therapy renders the optic nerve cells light-sensitive at a specific wavelength by adding a protein to the cells of the optic nerve.Then a surgically inserted high-resolution microLED display film controls these newly light-sensitive ganglion cells to

169、gether with the corresponding implant.Finally,glasses worn by the user contain sensors,processing,and batteries,supplying power and data to the implant.Healthy HumanAssessHuman Enhancementsuperior sagittal sinus using a neuro-interventional procedure.The BCI appeared to be safe and enabled patients

170、to do hands-free texting,emailing,online banking and shopping,and communicating care needs using their thoughts.The study indicated that it is possibleto record neuronal signals from a blood vessel in the brain as well as a favourable safety profile of this approach.Key InsightAdvancements in neurop

171、rostheticsWider and more rapid translation of BCIs to people seems possible,expanding insurance requirements.30In a three-step procedure the implant is first slid in over the eye and the display is inserted through a small incision.Once the implant is secured in place and the display is laid on the

172、retina,the display film is affixed to the retina to hold it in place.The company is working on demonstrating early functional results of the device with animal trials,trying to produce sufficient safety data,so that a first-in-human clinical study could potentially be started.Vaccines will enable ne

173、w treatmentsof severe and rare diseasesmRNA vaccines are a type of vaccine that use a small piece of genetic information called messenger RNA(mRNA)to stimulate an immune response.Their first broad application was fueled by the COVID-19 Pandemic during which multiple mRNA vaccines were developed,clin

174、ically trialed,approved by the corresponding legislation,and subsequently distributed world-wide with a never-before-seen speed.In contrast to traditional vector vaccines,mRNA-based vaccines work by providing the body with the instructions to produce a specific protein or fragment of a protein that

175、is found on the surface of a virus or bacteria.The advantage of mRNA vaccines is that they can be developed and produced quickly,as they do not require the use of live or attenuated viruses or bacteria.In addition,mRNA vaccines have a good safety profile,as they do not alter the genetic material of

176、the host cells and are rapidly broken down and eliminated from the body.Based on the highly successful development and application of mRNA based COVID-19 vaccines this technology is being expanded to other areas of application,for instance BioNTech announced in late 2022 that it aims to develop the

177、first mRNA-based vaccine for Malaria prevention based on a novel multi-antigen vaccine approach.Today many further initial mRNA-vaccine tests and trials are in the pipelines of pharmaceutical companies,aiming at developing vaccines against specific types of cancer as well as other diseases and virus

178、es.Healthy HumanAssessVaccine TechnologiesOpportunities The design and production can flexibly target a wide range of infectious agents,including viruses,and potentially bacteria,and parasites They are versatile and can be tailored to specific proteins or fragments of proteins that are unique to cer

179、tain strains of a virus or bacteria mRNA vaccines can be developed and produced more quickly than other types of vaccines,as they do not require the use of live or attenuated viruses or bacteriaRisks The general publics acceptance of vaccines is essential.One of the primary reasons why measles has n

180、ot been completely eradicated yet,for example,is the criticism surrounding the vaccination based on potential side effects Access to all people who need vaccines can be a challenge,particularly in low-income countries or in areas with limited healthcare infrastructure31Investigational personalised m

181、RNA Melanoma vaccine trialSourceModerna,Inc.&Merck&Co Inc.Primary efficacy endpoints metIn December 2022 MODERNA and MERCK announced the first demonstration of efficacy for their investigational mRNA-4157/V940 cancer treatment in a randomised clinical trial.The results of this randomised phase 2b tr

182、ial demonstrated a statistically significant and clinically meaningful reduction inthe risk of disease recurrence or death compared to the corresponding monotherapy.This was the first time ever,the potential for mRNA to have an impact on outcomes in a randomised clinical trial in melanoma was demons

183、trated.Both companies plan to discuss results with regulatory authorities and to initiate a phase 3 study in melanoma 2023 thereafter planning to rapidly expand to additional tumor types.Prophylactic HerpesSimplex Virus-2 vaccinetrialSourceBioNTech SEFirst In-human study initiatedIn December 2022 Bi

184、oNTech announced that“BNT163”,the first candidate from their infectious disease mRNA vaccine collaboration with the University of Pennsylvania,will enter the clinical trial in order to evaluate the safety and immunogenicity of this Herpes Simplex Virus vaccine candidate.Healthy HumanAssessVaccine Te

185、chnologiesKey InsightEvery step,every patient we treat in our cancer trials,helps us to find out more about what we are against and how to address that We have a number of breakthroughs,and we will continue to work towards our goal.To translate science into survival.Prof.zlem Treci,M.D.Founder and C

186、hief Medical Officer at BioNTechInitial mRNA vaccine trials are rapidly expandingFrom Malaria and Herpes to Melanoma and multivalent Influenza,initial mRNA vaccine tests and trials have gained a lotof traction during 2022.Munich ReMIRA PoSBrings our know-how to your point of sale MIRA PoS is a“softw

187、are as a service”product developed by Munich Re which digitalises your processes at the pointof sale from the capture of case and application data,via risk assessmentto reporting.Whats so special about this MIRA Digital Suite module?It works invisibly in the background for applicants,gives you plent

188、y of room for differentiation from competitors and,depending onthe scope of use,delivers risk-related or even case-closing acceptance decisions that are based on the very latest knowledge.Munich ReMIRApply InsuredImprove client interaction with digitalised queriesOnce the insurance application detai

189、ls provided by a potential client have been checked,further information(such as relating to pre-existing conditions or pastime risks)may be required.This necessitates the underwriter going back to the client to gather additional details.MIRApply Insured transforms the traditional laborious process,m

190、aking it faster,more accurate and more client-friendly.The web-based tool virtually eliminates the need for time-and paper-intensive requests,making the whole process markedly more efficient.Healthy HumanOur SolutionsIntegrate Munich Res underwriting expertisedirectly into your applications.Digitize

191、 the applicationenquiry process.Claudia AllenProduct OwnerMIRA PoS andMIRApply InsuredMunich ReCLARA plusFor the first time,a system-based calculation of thedegree of disability Until recently,it was common under-standing that there is no way to digitalise the claims handling process for disability

192、insurance.The traditional process,which calculates the degree of disability manually,is time-consuming and requires in-depth medical expertise and is therefore less efficient.With the introduction of the CLARA plus service,Munich Re now empowers its clientsto calculate the degree of disability autom

193、atically,leveraging thefollowing benefits Enhanced resource management Cost reduction for claims administration and processing Transparency and reproducible decision-making Improved reactivation rate Data analysisHealthy HumanOur SolutionsSupport the claims decision processin a structured,consistent

194、 way.Stephan JacobProduct OwnerCLARA plusMunich ReALLFINANZ SparkLife insurances new generation of digital underwritingMunich Re Automation Solutions help life insurers all over the world to create up-to-date solutions for different parts of the insurance value chain.For example,ALLFINANZ SPARK is a

195、 new cloud-based business,digital life insurance underwriting and analytics solution designed to deliver everything an insurer needs quickly.With its automated underwriting system and capabilities,life insurers can reduce many of the routine cases that take up so much of their underwriters valuable

196、time.With access to new sources of data and insights,you can make better decisions much faster.Improving the efficiency of automated underwriting processes through digitalization and the use of artificial intelligence,the next step moving to augmented automated underwriting is not far away.Munich Re

197、InsightData integration and decision-making in the Life underwriting processLife insurers looking to exploit their data resources and to operationalise data-driven decisions within their business use Insight Analytics to make their data accessible,with targeted analytics aligned to business goals.In

198、sight Analytics provides a deep and wide view of underwriting processes,data and technology,combining raw data from multiple sources,enriching it with structure,and making it accessible to the business.It supports customers at all stages of their analytics journeys,from“out of the box”capabilities t

199、o curated data that can be leveraged by business users to build,share,interrogate and collaborate on datainsights relating to their business.Munich RePredictorArtificial Intelligence Use of predictive models in Life underwriting Life insurers looking to evolve beyond simple underwriting rules and co

200、mbine their traditional tree-based approaches and emerging AI predictive models,can accelerate their underwriting innovation with Predictor from Munich Re Automation Solutions.Predictor allows forward-thinkinginsurers to operationalise,monitor and manage predictive models within their underwriting p

201、rocess.It removes manyof the barriers that have prevented carriers from adopting predictive underwriting to date.It opens a clearpath to lower referral rates,reduced evidential burden and improvedcustomer journeys.Healthy HumanOur Solutions35Munich ReIQ2HealthDesigned to streamline the underwriting

202、process while enhancing speed and consistency A continuous work in progress,IQ2health is designed to support an A-to-Z solution.From receiving a health quote to issuinga quotation,IQ2Health goes through the automated process of individual and group quotations for new and renewal business(for all pro

203、duct types).Benefits at a glance Automated medical underwriting decision-making based on a members medical history for new and renewing policies Automated administrative/technical underwriting decisions for new and renewing policies(e.g.,enrolment eligibility)Automated risk pricing(premium setting)A

204、 consistent and fasterunderwriting process Higher hit ratios and loweroperational expensesHealthy HumanOur SolutionsMunich ReSMAART and VisualizerA comprehensive toolset to monitor,steer and grow thehealth portfolio Specialized portfolio steering tools developed by Munich Re HealthTechto provide key

205、 insights which can be leveraged by our clients.The toolset includes Portfolio Tool Monitor KPIs ofentire book of business Group Tool Analyse and renew group policies with all the details Individual Tool Analyse and renew individual polices Policy Performance Monitor Detailed analysis at policy leve

206、l Visualizer a segmented portfolio approach to enable a deep understanding of performance to devise and adjust an optimal profit-making strategy Key alerts and notifications Connected Experience38Technology impacts in 202360%of published automotiveIoT were conductedby friendlyresearches.The AsianPac

207、ific market is the fastest growing in brain computerinterfacemarket.The globaldata fabric marketIs estimated to grow toUS$6.97bnwithin the next7 years2.4msubscribers will use Low Earth Orbit satellites services by2023.The edge computing market is assumed to grow Until 2023 at a CAGR of38.9%Around 4.

208、4bnconnections with 5G is estimatedby 2027.39Connected ExperienceHold Watch listAssess Evaluation neededAdopt Start initiatives in your unitTrial Initiatives in affected unitsAmbient ComputingCombining Smart Home and Internet of Things to use computers and the Internet without consciously using them

209、.Data FabricFabric-like data management infrastructure for distributed networks that create unified data environments to share formerly disparate,inconsistent data.Edge ComputingEdge computing processes data as close to its sourceas possible at the edge of the network structure.Therefore,the applica

210、tion services reduce the volumesof data that must be moved.Extended RealityReal,augmented and virtual worlds are increasingly merging and changing peoples perception oftheir environment.MetaverseAs part of the developments of the“Internet in 3D”Metaverse advocates a multitude of interoperable platfo

211、rms on which users can present as avatars,cooperate for business or leisure,own assets,and innovate.Brain-Machine InterfaceA brain-machine interface interprets the usersbrain patterns to control external software andhardware.All trends 2023Super AppsThese are a single point of access for various eve

212、ryday digital customer services,as already successfully used in some countries.Automotive IoTA complex system of devices like sensors,cameras or GPS tracker make long-and short-range wireless connections which generate enormous amounts of data.Ubiquitous ConnectivityGreater amounts of data volume ar

213、e being processed on wireless networks and,combined with IoT technology,these amounts are being processed more energy-and cost-efficient.The trend field of connected experience comprises trends related to or enabled by network and infrastructure technologies.We speak of a connected experience when v

214、arious systems,devices and entities interact with each other e.g.,through data fabric or IoT infrastructure.With the technology to help reduce data or be able to process it more energy-and cost-efficiently,connected experiences become a prerequisite for building digital infrastructures.One of the in

215、teresting trends in 2023 is ambient computing the ability to use hardware and technology unconsciously.Ubiquitous connectivity describes the continuous connection with the world independent from location and time.As of today,there is ongoing development around 5G and its successor technologies,but i

216、n the future,self-driving cars or facial recognition systems could benefit from these standards.new in 2023Evolution over timeAmbient ComputingBrain-Machine InterfaceAutomotive IoTData FabricEdge ComputingExtended RealityUbiquitous ConnectivityMetaverseSuper AppsTrend Evolution Connected ExperienceA

217、doptStart initiatives in your unitTrialInitiatives in affected unitsAssessEvaluation neededHoldWatch list20232023202320222023202220232023202220232023202220222202140Insurance Value ChainExplanationThe illustration represents the impact the trend fields have upon on the insurance value chai

218、n.With the dark boxes reflecting areas of high impact,and light boxes low impact.Ambient ComputingBrain-Machine InterfaceAutomotive IoTData FabricEdge ComputingExtended RealityUbiquitous ConnectivityMetaverseSuper AppsProductDesign&PricingSales&DistributionUnderwritingPolicy AdminRisk ManagementCust

219、omer EngagementClaimsAsset ManagementImpacts on the Value ChainConnected Experience41Opportunities Develop make/model/year security scoring model,similar to crash protection scores Partner with FBIs Automotive Sector Specific Working Group(and other subject matter experts such as Automotive-ISAC USA

220、,Europe,Japan)Support business continuity and resiliency planning for fleets Provide affirmative add-on motor coverages to dealerships,motor carriers,and owner/operators for e.g.,expenses on towing,diagnostic,repair and replacementRisks Known vehicle exploits are increasing in sophistication and fre

221、quency and are expected to increase in severity.Motivated threat actors can bypass layers of security such as network segregation and authentication Remote API hacks require no special hardware and only low-level technical expertise.In addition to stealing data,exploits can disrupt,lockdown,or takeo

222、ver control of individual vehicles,as well as fleets of vehicles 20-year vehicle lifespans concern experts who now seek government funded back-stops to pay damages resulting from potentially massive automotive IoT event which could cost insurers more than$10bnCommercial vehicle makers,dealerships,mo

223、tor carriers,and operators increasingly add sensors which generate enormous amounts of data.To share all this valuable data,automotive sensors make long-and short-range wireless connections,including connections to devices within or nearby the vehicle or trailer.These numerous connections present at

224、tractive avenues for insertion of malicious code by threat actors seeking financialgain or harm.Some say we too often trade increased convenience for decreased security.Connected ExperienceAdoptAutomotive IoT42Driving the future of Automotive Security ResearchIndustryMotorSourceASRGSecurity thanks t

225、o communityThe Automotive Security Research Group(ASRG)is a non-profit initiative that aims to identify solutions for the security of automotive devices,such as software-controlled vehicles.The focus lies in sharing knowledge and expertise along with conducting community research projects to make th

226、e roads a safer place.Insurance Value ChainProductDesign&PricingUnderwritingRisk ManagementClaimsSales&DistributionPolicy AdminCustomer EngagementAsset ManagementConnected ExperienceAdoptAutomotive IoTDuring 2022,only 37%of publicized automotive IoT exploits were conducted by friendly researchers.Re

227、motely connectingto a“100%trust protocol”network is a materialrisk to both safetyand security.Bill BurrowsMunich Re Specialty InsuranceConnected Mobility Risk Solutions leadTablet/phone AppVehicle ConnectionIVGModem ConnectionPhysical In-Cab DeviceConnectivity/CommunicationsMobile AppNetwork/LinkMan

228、agementSystemData StoreCloud or Back-end4344A data fabric enables analysis and sharing of formerly disparate,inconsistent data fromdistributed networks and different data sources.Data fabrics are designed to enable applications and tools to access and transform different types of data,regardless of

229、their storage location in the cloud or on premise,and supporting established data standards and systems.They create unified data environments in distributed computing networks evenamong reinsurer,insurer,agent and third-party networks.Due to a metadata driven approach they provide a solution to the

230、ever-growing data quality problem which is a key challenge for the successful implementation of all data-enhanced technologies.Next to core capabilities such as data integration or support of data governance,theuse of knowledge graph technology in a data fabric design,for example,also promises enhan

231、ced business value for different users through the combination and contextualizing of data.There are various products and platforms available in the market promising data fabric solutions,however,independent of the underlying technology,the key constraint to be tackled is the maturity of knowledge a

232、nd organizational handling of data management.Risks High implementation costs for bespokedata fabric requires the redesign of staticinfrastructure to enable a mesh network environment Strong data security as well as access policies and technologies are neededto ensure proper sharing of data Profound

233、 understanding of datamanagement and data governanceis a prerequisite for effective data fabric implementation and usageOpportunities Fast provisioning of a data product for insurance use cases,for example in underwriting Providing integration pipelines for fast-growing data generated also by partne

234、r networks and ecosystemswith a variety of applications Overcome data silos with limited use cases to enhanced usage of data based on metadata managementConnected ExperienceAdoptData FabricUniversal leverage of data is the order of the day in insurance companies.Typically,it is stalled by huge effor

235、ts to access and integrate data locked in silos across complex application and cloud landscapes.Pursuing the metadata-and distributed domain-driven paradigms of the data fabric is a great approach to unlock data and make it easily available to numerous BI and AI use cases.Georg OporaSenior Enterpris

236、e ArchitectERGODenodo PlatformIndustryVariousSourceDenodoLogical data fabricDenodos solution comes along with a common semantics layer includingdynamic data catalogue for semanticsearch and data governance features.Key InsightData is key in a digitized world.Insurers need to move towards a data driv

237、en architecture leveraging the value of customer and insurancedata thus getting advanced business insights.20222029CAGR+22.2%Fueled by the ongoing shift into the cloud the global data fabric market is estimated to grow within the next seven years from$1.71bn to$6.97bn.Connected ExperienceAdoptData F

238、abric4546automotive,smart home devices,food and healthcare for example.Edge computing use cases across allindustries are expected to grow even further over the next few years.Opportunities For health care or preventive services like fall detection,connected devices based on edge technology can suppo

239、rt customers Local processing enables a betterresponse to local security requirements On the edge data processing can proceed even if a(temporary)loss of connectivity occurs In case of claims data on the edge,e.g.,from IoT devices or robots are available and could be used for insurance use case hand

240、ling It could improve the underwritingof risks based on big data in areaswith slow network speedsEdge computing collects and processes data as closeto its source as possible at the edge of the network structure.Transmitting large amounts of raw data over a network or into a cloud puts a tremendous l

241、oad on network resources.In many cases,it is much more efficient to collect and process data near its source and send only the data that hasoverarching business value over the network.Edge application services significantlyreduce the volumes of data that must be moved,thereby reducing transmission c

242、osts and improving speed.Due to lower latency,near real time services including real time analytics are available.The move towards edge computing isdriven by mobile computing,the decreasing cost of computer components including storage,and the sheer number ofnetworked devices.Along with current netw

243、ork technologiessuch as 5G,edge computing enables innovative use cases in industrial IoT,Risks Edge computing needs proper security to protect local data e.g.,through transport and storage encryption The edge algorithm needs to distinguish between important and unimportant data.Errors might lead to

244、wrong business decisions Supply for local computing power needs to be ensuredConnected ExperienceAdoptEdge ComputingConnected ExperienceAdoptEdge ComputingKey InsightInsurers can benefit from maturing edge computing solutions in B2B and B2C business,e.g.,in telematics,smart houses,logistics or suppl

245、y chain management.Edge computing increases the granularity of data points,which should be leveraged for risk assessment,customer assistance services and claims handling.Edge ImpulseIndustryVariousSourceEdge ImpulseML on the EdgeEdge Impulse focuses on solutions regarding edge devices with embedded

246、machine learning.For instance,developers can importdata from sensors,cameras oraudio devices to embeddedsystems or GPUs.MaerskIndustryLogisticsSourceCIO IDG CommunicationsNext generation portThe Danish company aims atmoving data from cloud to theedge to support real-time data processing and decision

247、 making.By the end of 2023 80%of thecloud data of its port operating company APM Terminals is tobe migrated to the edge.It is assumed that the global edge computing market will grow at a CAGR of 38,9%within the next 8 years.$11.24 billionin 2022$155.90 billion4748that an ambient future is in sight.T

248、hisis especially true for artificial intelligence in the form of natural language processing and largelanguage models as well as for advanced communication standards.Opportunities More accurate risk evaluations based on additional available data points Predictive maintenance on equipment to prevent

249、breakdown Understanding occupancy;e.g.,water is shut off because nobody is home IoT fueled Ambient Computing could reduce the need for visual inspections Sensor data could be relayed to insurance companies,causing home insurance premiums to fall Ambient Computing is data driven and will benefit from

250、 consistent IoT data streamsTaking the concepts of smart home and the Internet of Things(IoT)to a next level,Ambient Computing promises the use of computers and the Internet without consciously using them.While the number of smart devices in homes,enterprises and public settings has increased contin

251、uously over the past years,they often turned out to bring less convenience to users than initially expected.Single smart technologies do facilitate daily operations,yet the target vision of a smooth and holistic user experience has not been fulfilled.Ambient computing aims to close this gap.In an am

252、bient approach,technology is all around us and functions deeply anticipatory:a persons gaze,movements and behavior patterns suffice to determine user needs and to provide a perfectly personalized service.To reach this level of usability and direction without human involvement,the sensors and gadgets

253、 need to be ubiquitous,inter-connected,aligned and smarter than ever.Recent progress in enabling technologies give rise to hopesRisks Low maturity or lack of industry standards inhibits the ability for devices to interoperate Poor IoT sensor data could skew Ambient Computings ability toget it right“

254、Privacy concerns and consumer acceptance Network inconsistency prevents stable data exchanges Low density throughput from single channel radio do not provide enough dataConnected ExperienceAmbient ComputingTrial Meshify,a HSB company,builds IoT technologies that predict and prevent property and equi

255、pment risks Its leak and freeze technology is integrated into Amazons Sidewalk bandwidth sharing networkKey InsightIf a manufacturing business,for example,can predict equipment failure based on the information generated by a network of embedded intelligent sensors and algorithms,it will be better ab

256、le to improve its inventory management,reduce costs and even prevent potentially harmful failures.Today,humans are still required to make decisions particularly where disparate systems are involved.With Ambient Computing,its easy to envision a future where your experiences are effortlessly supported

257、 by machines and certain risks scenarios are mitigated without human intervention.Norman ThomsVP IoT TechnologiesHSBAn ambient approach gets the tech out of your way so you can live your life while getting the help you need.It doesnt matter what device you are using,what context youre in,whether you

258、re talking,typing or tapping.The technology in your life works together seamlessly.Rick OsterlohGoogles Senior Vice President of Devices&Services,Google I/O keynote,May 2022ArtificialIntelligencePervasiveComputingUbiquitousComputingAmbientintelligenceConnected ExperienceAmbient ComputingTrial49Real,

259、augmented andvirtual worlds are increasingly merging,changing peoples perception of their environment.Based on now available 5G technologies extended reality(XR)will become more common in future.With the push in meetings being heldin virtual and mixed set-upsduringthe pandemic,now comes the needfor

260、further enhancing communicationtechnologies.The next generation of virtual meetings could be real-time holographic settings or communicationvia special glasses,another move towards merging reality and virtuality.Holograms are not newbut have lacked broad adoption to date.However,research indicates t

261、hat comprehensive holographic communication might need even 6G network technologies still being inits infancy.In the future employees and clients scattered around the globe will be able to sit and interact with one another as though physically co-located in the same room.Companies will be able to pr

262、ovide new ways to offer training,product information or customer services in more natural and relatable ways.By swiftly addressingcustomer concerns in that area,the insurance industry has a potentially significant opportunity for risk assessment and revenue.Opportunities Different loss scenarios cou

263、ld be visually represented for the customer,illustrating the value and importance of insurance coverage In the area of car insurance,extended reality can provide a range of personal driving-assistance functions including augmented driving,collision warnings and“black-box”services such as video recor

264、ding In a hybrid mode meetings and trainings can be offered supported by XR technologies,creating one collaborative environmentRisks Acting in virtual or mixed realities can cause physical and psychological stress reactions.Users need to watch their mental health and keep a sense of reality Advanced

265、 connectivity and less dependency on VR-hardware are the infrastructural prerequisites for the adoption of enhancedreality applications Malicious applicationscould result in data leakage,such as providing unintentionalinsights into a users communication,field of view orlocation,for exampleExtended R

266、ealityConnected ExperienceTrial50Project StarlineIndustryVariousSourceGoogleFeels like youre thereProject Starline is an attempt to have virtual meetings with life-size 3D holograms of the participants.This is possible due to major research advances across machine learning,computer vision,spatial au

267、dio and light field display systems.Google employees are already using Starline and the testing will now go through an early access program.Project Starline results show that the natural interaction can increase the presence,productivity and attentiveness of an employee compared to traditional video

268、 call meetings.Augmented Reality(AR)AR is the technology for the integrationof digital information to a users real time environment.Virtual Reality(VR)VR is a computer-generated 3D environment that places the userinside a simulated experience.Mixed Reality(MR)MR describes the merging of a digital wo

269、rld(VR)with a real-environment(AR).Extended RealityConnected ExperienceProject AriaIndustryVariousSourceMetaMapping the worldProject Aria is defined as a research device.It is worn like regular glasses and helps meta employees to conduct research on future Augmented Reality technologies.The device w

270、ill collect data of the viewers audio,video,eye tracking and local information.Currently Project Aria uses LiveMaps.With the help of computer vision,it constructs a virtual representation of parts of the world that are relevant to you.The goal is to create personalized,virtual 3D maps in future AR d

271、evices.Key InsightVR/AR becomes more mature,recognized and used by customersThe real and virtual worlds will continue to merge.Along with related advancing tech trends like metaverse and AI technologies this gets pushed even more.For insurers it could improve business processes,communication and col

272、laboration within CRM orclaims management,for example.It is estimated that the global market for AR/VR/MR will rise from about$28bn in 2021 to more than$250bn until 2028.20212028TrialCAGR+36.9%51A brain-machine interface interpretsthe users brain signals to control externalsoftware and hardware.Rese

273、arch and development on brain-machine interfaces(BMI)progress step-by-step.Corporations and Universities also partner in projects for enhancingand testing promising technologies.Pilots of spelling/writing devices are already being conducted by individuals with partial or complete inability to contro

274、l their muscles.Current projects aim to extend the scope of these devices to enable greater brain-robot interaction.These techniques combine brain,gaze and muscle tracking to offer hands-free interaction.There are invasive methods where for example electrodes are surgically implanted in the cortex a

275、nd non-invasive approaches to brain-machine interfaces using scalp electrodes,for example.However,though there is significant investment in this field,there are still major challenges to overcome before we see wide adoption,or a significant market emerge.Users with limited motor skillscould increase

276、 their mobility andindependence by means of suchdevices.Manufacturers of medicaldevices will be able to apply brain-machine interface hardware to a widerange of projects.For example,bypassing damaged nerves to reconnect brain and body or replacing conventionalprosthetics It may also be possible in t

277、he future to combine brain-machine interfaces with VR/AR technologiesAssessBrain-machine InterfaceConnected ExperienceOpportunities Brain-machine interfaces to robots have the advantage that userswith limited communication ability will be able to control the deviceswith their mindRisk In the event o

278、f technical failures,irreparable brain damage could occur.This applies especially for invasive methods where chips are implantedinto brains,for example Using brain-machine interfaces to steer robots or drones may have unexpectedconsequences for human users in the long term,such as a loss of the sens

279、eof ones own body There are fears of privacy invasion and external control52University of PadovaIndustryHealthcareSourceForbesWheelchair control with your brainFully paralyzed patients can control and direct their wheelchair with a cap utilizinga non-invasive brain machine interface technology that

280、decodes brain signal waves.Korean Advanced Institute of ScienceIndustryHealthcareSourceKorea biomedical ReviewRobotic arm controlled by BMIThe Korean Advanced Institute of Science(KAIST)developed a solution that allows a disabled person to regulate a robotic arm prosthesis.This works thanks to the n

281、ewly developed Brain-machine Interface that is able to decode human brain signals.Thanks to cerebral cortical signal decoding the researchers are able to prognosticate the movement accuracy of the imaginary arm extension.The direction of the extension can be predicted by up to 80 percent as reported

282、 by the researchers.Accordingto the team of KAIST the patient will also not need any long-term training to control the robot arm.AssessBrain-machine InterfaceConnected ExperienceKey InsightFurther research and advances in the treatment of disabled persons via brain-machine interfaces,for example,are

283、 pushing this trend.Insurers should assess the impact that further technological development may have towards broader usage.North America is the largest market,whereas the Asia Pacific market isthe fasted growing oneBrain Computer Interface MarketGrowth Rate by RegionHighMediumLow53While the metaver

284、se mania has calmed down in recent months,developing the Internet in 3D remains a key topic on the agendas of many tech companies and draws attention from users and brands.The metaverse describes an immersive digital space that blends reality and virtuality through sophisticated augmented and virtua

285、l reality technology.The vision goes beyond the gaming worlds that have been known for years:Metaverse advocates foresee a multitude of interoperable platforms on which users can present as avatars,cooperate for business or leisure,own assets,and innovate.Big technology companies like Meta,Microsoft

286、 and Nvidia are at the forefront of the movement and have high stakes in related technology,including processing technology,virtual reality headsets and proprietary metaverse worlds.On the other hand,community-driven developments,often rooted in gaming,are building alternative metaverses that aim to

287、 grant governance rights to users.Opportunities Businesses in general can take advantage of the metaverse as an interactive cooperation space.The metaverse is well-suited for employee training sessions,collaborative meetings,or brand representation As ownership of digital assets is expected to gain

288、further popularityon metaverse platforms,so will insurance of these assets.Metaverse tokens can take on a wide variety of purposes from land to currency to governance rights.Protecting and insuring these rights,as well as the integrity of avatars and metaverse-related hardware like VR glasses,will b

289、e a priority for many users The simulation capabilities of the metaverse help train for or even replace risky physical activities.For example,virtual healthcare and medical training,as well as testing of autonomous vehicles on virtual roads The metaverse will offer ample opportunities for behavioura

290、l data collectionRisks Metaverse initiatives are still in an early phase with low user numbers,and standards are evolving.High commitment to specific platforms or use cases may be premature.Further,realizing the metaverse vision will require high and ongoing investments from technology companies.Tim

291、e will show whether their commitment to the metaverse is that persistent Bodily harm can result from increasing metaverse participation.Accidents may occur due to low attention levels in the physical world.Usage may also have mental health implications,such as user addiction or depression As a digit

292、al space,the metaverse may be a target for cybercrime and may attract bad actors that exploit the ecosystem.Further,liability risks emerge if the metaverse enables remote inspection or health treatment Considerations of metaverse growth and its compatibility with ESG targets need to be addressed giv

293、en energy and hardware requirementsAssessMetaverseConnected Experience54Financial services via a metaverse platform,supported by Sompo Japan InsuranceCurrent challengesTo gain adoption and traction,the metaverse needs to overcome various challenges Technologies that form the MetaverseSAPAssessMetave

294、rseConnected ExperienceThe MetaverseStandards Forum Founded in June 2022,the Metaverse Standards Forum unites leading standards organizations and companies to foster interoperability standards for an open metaverse Members include Meta,Microsoft,Adobe and more than 30 other technology companies and

295、organizationsANA GranWhale is a metaverse platform operated by the ANA airline company.Users will be able to shop and carry out other activities in the virtual world.Sompo Japan Insurance has tied up with Sompo and MUFG Bank to develop insurance products for any losses from transactions in this meta

296、verse.Connectivity andhardware usabilityEcosysteminteroperabilityClear use case andvalue propositionPrivacy andsecurityMetaverseImmersivecomputingWeb3Digital TwinDigital AssetMarketplaceLow-Code/No-CodeVirtual PlatformsMixedReality(MR)Virtual Reality(MR)3D RealtimeRenderingDigitalIdentityDecentralis

297、edFinanceAugmented Reality(MR)Mobile ARCryptocurrencyNFTDecentralisedAutonomousOrganisationExtendedRealityDistributedLedgerTechnologyEspecially the industrial metaverse,as a form of enhanced digital twins,has progressed in the past year;corporate and consumer metaverses are not as advanced,yet.Dr.Es

298、ther NagelBusiness AnalystMunich Re55Opportunities Opening up new customer segments for insurance services and products in an embedded Super App environment Partnering with Super App providers might be a cheaper than creating onesown app Providing easy and low-threshold access to digital insurance s

299、ervices in a trusted environment for sales,service or even claims Optimize processes based on API-drivenapproach necessary for seamless integration in external platformsRisks Not exploiting the Super App platforms can lead to a loss of sales and serviceopportunities Insurers could lose the ability t

300、o cross-sell and up-sell if no direct contact can be made with the clients Establishing ones own Super Appmight need a high investment and strong brand proposalSuper Apps strive to be the single point of access for various everyday digital customer services.Already successful in Asia the concept mig

301、ht affect business models worldwide.In contrast to single-use apps,Super Apps offer multiple online services ranging from banking,medical appointments,food shopping to lifestyle.These Super Apps aim to provide a convenient experience in one holisticapp without the need for the user to switch between

302、 different applications.Enterprises need to evaluate opportunities and business models thinking about(potential)clients as well as their employees.Organisations wishing to exploit Super Apps have to decide whether they want to launch their own Super App along with suitable partner services or integr

303、ate their proprietary digital services in a third-parties Super App marketplace.AssessSuper AppsConnected Experience56In October 2022 Elon Musk twittered about“()creating X,the everything app”,which can be seenas an announcement for planning the creation of a new Super App.WeChat and Grab are just t

304、wo examples of well-established Super Apps in AsiaMore than a decade ago WeChat started its journey as a social platform,soon enhancing services like payment and shopping features.Today,the estimatednumber of monthly users is more than one billion in China alone.Grab is famous for food delivery,lead

305、ing Southeast Asias market in this area.The app also features transport and postal services,along with insurance services such as ride and travel policies.In 2021 it was reported that they were selling 100 million policies in less than two years.Share of consumers interested in a SuperApp by country

306、Key InsightInsurers need to watch the evolution of this trend closely.The ability of integrating suitable white labelled or branded insurance services in Super Apps might become a“must have”for the accessibility of a wide range of mobile customers in future.0%20%40%60%80%AustraliaU.K.GermanyU.S.Very

307、 or extremely interestedSlightly or somewhat interested AssessSuper AppsConnected Experience5758The ability to connect to the internet from virtually anywhere underpins many of our day-to-day activities.Ubiquitous connectivity describes a state where devices can create,share and process data and nev

308、er lose connectivity.The concept of ubiquitous connectivity connects devices at any given location,regardless of the service provider.This approach can bring advanced technology to under-served regions for example via Low Earth Orbit(LEO)satellites and thus enable companies to offer more valuable pr

309、oducts and services through the continuous flow of data.Overall,ubiquitous connectivity holds the potential to significantly impact the way we live,work and interact as a society.OpportunitiesIncreased connectivity allows companies to provide more valuable services and experiences through the useof

310、more intelligent and interconnected systems.RisksAs the number of connected devices rises,the likelihood of data breaches and disruptions to business operations also increases,causing concern for individuals,companies,and governments regarding data privacy.How is it being used?From self-driving cars

311、 to facial-recognition systems,the potential uses for ubiquitous connectivityare almost limitless.AssessUbiquitous ConnectivityConnected ExperienceKey InsightOne of the key obstacles that IoT networks have encountered is the limitation in wireless data transfer speeds.As these technologies advance,s

312、o will the capabilities of IoT devices,such as sensors,edge computing,wearables,and smart homes.There has been a significant increase in the deployment of newer connectivity options,such as 5G,Wi-Fi 6,LPWAN and satellite connections,which make IoT solutions more viable.Low-power wide-area network(LP

313、WAN)is a developing technology that is ideal for connecting devices that have low data usage and low transmission rates over large geographical areas.This makes it an optimal option for IoT devices that connect with each other through machine-to-machine interactions.LPWANs are more energy-efficient,

314、and therefore more cost-effective.WI-FI 6By using Wi-Fi in the 6 GHz band,IoT technology can achieve significantly higher bandwidths.The higher the communication speeds of a network of devices,the more dependable the system will be.Wi-Fi 6 is an excellent choice for enhancing the performance of smar

315、t home IoT networks.The number of5G connections is estimated toincrease to around4.4 billion worldwide by 2027.Research forecasts that subscribers using Low Earth Orbit(LEO)satellite services will reach 2.4 millionin 2023,and the global number of LEO satellites approved for deployment will reach mor

316、e than30,000 by the end of the decade.ABI ResearchPR Newswire 2023AssessUbiquitous ConnectivityConnected Experience5960Munich ReapinitySmart marketplace for insurance APIsAPIs are increasingly becoming a fundamental part of business strategies in the insurance industry.Companies that now rely on API

317、 marketplaces,which integrate seamlessly into the existing system landscape and support all existing APIs,will secure the unfair advantage for the future.The out-of-the-box solution of apinity allows insurance companies of all kinds to start to consume,publish,and offer their APIs in a ground-breaki

318、ng,new way.Are you ready to boost your insurance business?Our customers and business partners have often invested a lot of money and time in their cloud and API management projects,but were still far from being able to use their APIs efficiently in daily business.We want to support customers where t

319、hey can benefit most from APIs on a daily basis:in the intelligent use and leveraging of existing data.Anna-Carina HuslerManaging Director apinityConnected ExperienceOur SolutionsMunich ReRealytix ZeroNext-level automated underwriting solutions Realytix Zero is a global,scalable technology platform

320、for primary insurers,brokers and MGAs that want to digitalise and automate the underwriting of single-risk business.Realytix Zero is set up as a no-code and Software as a Service platform offering UI and API capabilities and therefore opens up entirely new opportunities in the development and distri

321、bution of non-life insurance products.Its unique self-configuration capabilities and vast API integration possibilities allow rapid implementation and adaptation of products.Benefits at a glance Significantly reduced time to market Customisable,flexibly implementable platform Digital distribution In

322、creased(process)efficiency,cost and time savingsFaster time to marketReduce time to market to just a few weeks thanks to unique self-configuration capabilities and a no-code/low-code platform to implement and adapt products very quickly.Connected ExperienceOur SolutionsAs of today,we still see so ma

323、ny manual and non-digitised underwriting workflows in many lines of business.This can be changed immediately with Realytix Zero in a couple of weeks only.Lets start making the underwriting world more digital and increase your digital distribution channels reach out to us.FlorianNiklasHead of Realyti

324、xPlug-and-play APIsVery strong API capabilities enable easy integration of multiple external data sources or modules(such as AI or machine learning algorithms)at any point in the underwriting process-with a plug-and-play approach.Munich Re expertiseAccess to Munich Res analytics power and decades of

325、 pricing and underwriting experience.No developmentNo need for in-house development just use our proven platform.61Munich ReCert2gocert2go speed up your(re)insuring process for single risks cert2go is a cloud-based underwriting platform for clients seeking rapid,efficient and automated capacity from

326、 Munich Re.Our target group consists of clients who turn to Munich Re in search of cover for their small and medium-sized single risks.The platform provides clients with customisable solutions for many linesof business and markets and covers the whole underwriting process.The coreof the platform is

327、Munich Res pricing engine,based on decades ofunderwriting expertise.Benefits at a glance Accelerates underwriting processes Minimises administrative workload Fully digitalises the underwriting process Customisable for different lines of business and marketsMunich ReOne CatComprehensive and rapid res

328、ponse to natural catastrophes When a devastating natural catastrophe strikes,companies and organisationsneed their insurance claims to be settled quickly,in order to avoid cash flow problems.Traditional covers often only respond after lengthy claims adjustments and leave gaps in costs associated wit

329、h restoring to the pre-event level.To close these gaps,Munich Re has designed“One Cat”,a tailor-made solution concept with an unprecedented level of transparency and a very simple payout process.Benefits at a glance Parametric triggers ensure rapid recovery Covers previously uninsurable risks arisin

330、g from natural catastrophes Unprecedented level of transparency No deductibles Reduced claims-related expensesConnected ExperienceOur SolutionsMunich ReMunich Res Underwriting EngineDigitalising and automating allcore components of UW Munich Res underwriting engine uses its own proprietary models,en

331、hancing traditional actuarial models with machine learning counterparts.It automates the underwriting process and makes this decision consumable via(RESTful)API calls,which ease the integration into client systems.The“engine”is focused on providing a data-driven,holistic underwriting decision,which

332、we strive to improve continuously and automatically.Using Munich Res underwriting engine allows our partners and clients to expand into new markets and profitably grow their business,supported by digitally augmented underwriting decisions and backed by Munich Re capacity.62Data&AI64Technology impact

333、s in 202368%of data in organizationis notleveraged.Digital twintechnologies can improveproduct quality by up to 25%The market for digital twins isgrowing toUS$6.69bnin manufacturing by 2025.Cyber crime is going to cost the worldUS$8tnin 2023.54%of organisation leaders believe AI-driven decisions are interpretable and easily explainable.During 2022 37%of publicized automotiveIoT exploits wereconduc