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1、1Global P&C Insurance and Insurtech Trends 20242As we step into 2024,the insurance market continues to face new challenges and headwinds spurred on by new trends and technologies.To help you stay ahead of the curve,this paper offers a comprehensive exploration of the upcoming transformative changes

2、across various domains from the potential of Generative AI and the associated security implications,to the evolution of cloud platforms,the dawn of a new digital frontier,and the maturation of API interactions.Our analysis is backed by leading industry sources,providing you with a roadmap tailored t

3、o navigate the complexities of integrating rapidly evolving technologies within your enterprise.3Sweeping global and macro trends reshape industries,amplifying the demand for sustainable and ethical business practices,and transforming the insurance sector into a sustainability ambassador.Climate&Evo

4、lving Consumer ExpectationsClimate change persistently triggers catastrophic events demanding urgent actions for the health of global ecosystems and communities9.Concurrently,as consumer trust in social media diminishes,traditional news organizations are regaining status as reliable sources of infor

5、mation,setting a new challenge for corporations in the Asia-Pacific region that struggle to operationalize customer trust1,4.For insurers worldwide,these changes may necessitate enhancements in risk modeling to account for climatic uncertainties while striving to boost transparency and trust in thei

6、r customer communication.Global Economy&Political ChangesThe global economy is balancing on a precipice,with potential recession and economic resilience shaping future paths.Amidst the normalization of real interest rates and revival of industrial policies,the US anticipates a GDP growth slowdown9.N