Are you ready for disruption? Insurance and the Sharing Economy in the Latest Issue of Seeing Beyond Risk

The latest issue of Seeing Beyond Risk, the quarterly electronic publication, is now available on the CIA website. Each issue features contributions from well-known names in actuarial science and experts in the field, writing about topics suggested and honed by the CIA Editorial Panel, readers, and Institute members.

This issue, the first in a two-part series, features an article from Alain Lessard, FCIA, FSA, who looks at the disruptions the sharing economy is causing, particularly in the insurance industry. The author suggests that almost every traditional industry is at risk of being disrupted, particularly as the sharing economy, also known as peer-to-peer business, grows. The two most famous sharing economy brands, Uber and Airbnb, are today as well-known as any blue-chip company. More are certain to follow.

Mr. Lessard examines how insurance companies will have to continue to work collaboratively with governments and regulators, develop and acquire talent, as well as strengthen their core competencies, to help them determine where they can add the most value for customers moving into the sharing economy.

We are sure you will find this article informative and thought-provoking, and we encourage you to distribute it among your friends and colleagues.

Canadian Institute of Actuaries/Institut canadien des actuaires