Extract
[...] Digital insurance has favored the emergence of new business models, particularly online insurers and startups dedicated to collaborative insurance (Gatzert et Kolb, 2016). However, this digital shift poses numerous regulatory challenges, particularly in terms of data protection and cybersecurity (Biener et al., 2015). European regulation, particularly the Solvency II directive, plays a central role in creating a harmonized regulatory framework aimed at strengthening financial stability in the sector and improving protection for policyholders. This regulation, while encouraging competition and innovation, must address environmental and social challenges, by promoting the development of green and sustainable insurance products. [...]
[...] Financial stability and the insurance sector. The Geneva Papers on risk and insurance. https://www.jstor.org/stable/41952807 Vaillant, G. (2019). Pensions: why the debate crystallizes around the age of departure set at 62 years. Le Journal du Dimanche. https://www.lejdd.fr/Politique/retraites-pourquoi-le-debat-se-cristallise-autour-de-lage-de-depart-fixe-a-62-ans-3886388 Public Affairs (2022). Law of 28 February 2022 for fairer, simpler and more transparent access to the mortgage insurance market. https://www.vie-publique.fr/loi/282601-loi-28-fevrier-2022-lemoine-assurance-emprunteur-credit-immobilier Public Affairs. (2022). Eurozone: ECB continues to raise interest rates. https://www.vie-publique.fr/en-bref/286938-zone-euro-la-bce-poursuit-la-hausse-des-taux Public Affairs. [...]
[...] Since the 1980s, banks have integrated insurance into their range of services. Initially, they established partnerships with insurers, before creating their own insurance entities. Today, banking groups have become true players in the insurance sector, competing with their former partners (Fiorentino, 2014). 2.2 A need to diversify revenue sources - Increased competition - Traditional competition The iconic image of the bank is that of the traditional establishment. These traditional banks, represented by actors such as Société Générale, LCL, Crédit Agricole, La Banque Postale, CIC, Crédit Mutuel, Caisse d'Épargne, BNP Paribas, Banque Populaire, etc., are well established on the territory with a dense network of physical branches. [...]
[...] https://acpr.banque-france.fr/guide-fonds-propres Adary, A., Mas, C., Westphalen, M. H. (2020) Chapter 8. Digital Communication: Strategy, Channels, e-Reputation. Communicator. https://www.cairn.info/communicator--9782100805648-page-341.htm Bakary, N. (2020). Blockchain and the banking sector. Is blockchain an opportunity or a threat to the banking industry? https://dumas.ccsd.cnrs.fr/dumas-02997638/document Ben Selma, M., Lamarque, E. (2012). Analysis of insurance companies' development strategies in banking: an approach based on resource theory. [...]
[...] Question How do you see the evolution of the IARD market in the banking sector in the future? With digitalization, banking IARD will become more efficient. Banks have a major advantage: their customer data. Unlike traditional insurers, they can rely on a fine knowledge of their customers' financial profiles to adapt their offers. This hyper-personalization, combined with optimized digital journeys, reinforces their competitive advantage. Question What advice would you give to a student who wants to specialize in the field of IARD? [...]
