This book delves into the physical and logical impacts, both direct and indirect, on the insurance industry. New tech, such as big data, artificial intelligence, and machine learning, in the growth of sustainable economics with foreign direct investments (FDIs), trustworthiness and ethics are discussed. Related use cases of data science for claim processing, fraud detection and prevention, policy administration, pricing and underwriting are discussed along with cyber security issues, data protection, and big data regulatory reforms. In order to promote ESG sustainability, the insurance industry plays a critical and significant role. Climate-related risks are being factored into underwriting and investing strategies. Through their own operations and business activities, insurers may promote the ESG agenda and move towards sustainability. Promoting diversity and inclusion, lowering greenhouse gas (GHG) emissions, resolving gender inequality, and helping communities through charitable work will all improve the company's brand, reputation, and true ESG credentials. The book is structured in such a way as to provide an overall understanding of the current practices, trends, and future technologies in the insurance market.
About the Author: Prof. Kiran Sood, PhD, is a Professor at Chitkara Business School, Chitkara University, Punjab, India. Before joining Chitkara University, Kiran had served four organizations with a total experience of 19 yrs.. Her research mainly focuses on regulations, marketing and finance in insurance, insurance management, economics and management of innovation in insurance.
Prof. Simon Grima, is the Deputy Dean of the Faculty of Economics, Management and Accountancy, Associate Professor and the Head of the Department of Insurance and Risk Management which he set up in 2015. He is the chairman of the Scientific Education Committee of the Public Risk Management Organization (PRIMO) and the Federation of European Risk Managers (FERMA).
Prof. Peter C. Young, PhD, holds the 3M Endowed Chair in International Business, and in that position is responsible for global business education initiatives at the University of St. Thomas' Opus College of Business, Minn, USA. He was selected as a Distinguished Alumnus of the Year for the University of Nebraska-Omaha, was honored with the ALARM-UK Lifetime Service award and was selected as an Honorary Fellow of the Institute of Risk Management in London.
Prof. Ercan Özen, PhD, is is an associate professor of finance in the Department of Banking and Finance, School of Applied Sciences, "University of Uşak, Turkey. He has (co-) authored 5 book chapters and more than 40 papers, more than 30 conferences participation, member in International Program Committee of 3 conferences and workshops.
Dr. Balamurugan Balusamy, PhD, is an Associate Dean - Students at Shiv Nadar University, India. He has written about 30 books on various technologies as well as authored more than 150 of a quality journal, conference, and book chapters.
