M.A.D.: The $600 Trillion Time Bomb – Money Morning


My learned colleagues, at Ontonix, recently undertook the task of analysing over 600 macro-economic  parameters from the World Bank for the period from 1970 to 2010 and posed the question: “how much globalisation can the World afford”?

This may seem to be a curious course for a firm whose Founder and CTO is quick to quote Zadeh’s Principle of Incompatibility but should be viewed in the context of a genuine desire to “educate and inform”…and, of course, to showcase Ontonix capabilities!

Read on because “high precision” may not be required. A rough idea of the numbers and the implications should suffice! Read more of this post

PwC:: insurance companies must adapt to changing market dynamics – Insurance Age


PwC insuranceI could not agree more with these words of wisdom from David Law. This isn’t the first time that PwC have tried to warn the industry about the need to “evolve” for survival in a rapidly changing risk environment.

Contrary to what some would have you believe, the lack of innovation – of the “creative destruction” variety – as evidenced in self-similar operations, culture, products, etc. IS all the confirmation that one should need to establish that “risk businesses” are still intent upon looking at the past for answers about the future instead of scanning their own risk horizon and creating resilient strategies for uncertainty!

risk horizonDavid Law, global insurance leader at PwC, said: “The immediate pressures of market volatility and regulatory upheaval have left little space in boardroom agendas for insurers to think about how to remain competitive in the years ahead. It is vital insurers do not get blinded by the current challenges and set a clear vision for the future.

“Growth opportunities exist, particularly in faster growing economies and from new technology developments, and those insurers that are able to respond to this changing risk landscape with innovative solutions will be rewarded by the way they are valued by customers and investors.”

He added: “Insurers who are too slow to respond to the changing market dynamics could find themselves on the back foot competitively and struggling to secure sufficient capital.

via Pwc: companies must adapt to changing market dynamics Insurance Age.