All those complex terms such as subsidised/unsubsidised loans, running balance, available balance, interest rates, compounding, stocks, bonds, mutual funds. Why are average users supposed to know what all this means if they just want to manage their wealth?

For the insurance industry with its consultation-intensive products, the possibilities of digital assistants sounds promising.

Insurers can generate ratings for applicant cyber security postures, compare it against other industry peers and make informed underwriting decisions.

Technically, smart text analytics technologies are essential to support the insurance officers in their tedious effort to track the documents.

Under Swiss regulation, technological solutions which support banks in complying with regulatory requirements are not subject to authorisation.

Productivity stagnation is at such levels that the negative effects of regulatory burden make it necessary to revolutionise the compliance function.

To automate these processes offering international services remains a challenge as each country has its own complex regulatory requirements.

 Insurance-focused start-ups today have started revamping the traditional insurance-broker distributor model, and are now applying the omni-channel approach to offer self-directed services and personalised pricing.

It will also become the norm to purchase insurance at the point of sale, for example when you buy a laptop, or when you’re purchasing a related product or service,

In essence – InsurTech at the Bottom of the (wealth) Pyramid. After all, it is when faced with resource constraints that innovation tends to breed naturally.