IDC European Banking Executive Digital Summit 2021

November 9, 2021 | UK

Financial institutions are refocusing their digital and data transformation initiatives – not only to cope with the new ‘socially distant’ reality – but more importantly to tap into a new momentum of digitalization, as customers, employees and regulators embrace the reliability, convenience and efficiency of digital financial services. However digital value creation is not a one-way street! In 2021, financial institutions must proof that digital transformation is not just an internal cost efficiency and productivity driver, but that they take digital customer-, and staff experiences seriously. Customer engagement needs to be personalized and contextual; security needs to be embedded and increasingly invisible; the next generation of customer-facing tools and services needs to deliver quantifiable value for customers, and digital sales must happen at a time and place of the customer’s choosing, not the banks’ convenience. FSI must also take advantage of a new regulatory openness towards cloud, data-driven security-, compliance -, and customer engagement strategies, but heed the warning signs not to repeat the mistakes of the past. Transparency, the customer’s best interest and evidence-based compliance are the future.

Spotlight

Determining an illustrated rate in Indexed UL is more art than science. Unlike other general account life insurance products, many companies are not capping Indexed UL illustrated rates at the current fixed account crediting rate, even though all Indexed UL products offer a fixed account. Instead, Indexed UL illustrated rates differ across products and carriers. So how might you determine an illustrated rate for Indexed UL that provides for meaningful comparison to other life insurance contracts? Fundamentally, any performance projection for Indexed UL relies on a set of assumptions about equity performance and product parameters. The more assumptions you make, the less comparable your illustrated rate will be to other life insurance products. This article walks through three ways to look at illustrated rates on Indexed UL by progressively making more assumptions about equity data and policy parameters.


OTHER PAST CONFERENCES

Blockchance Europe 2021

December 2-4, 2021 | Germany

BLOCKCHANCE® introduces blockchain and emerging technology for a positive and sustainable future. Our optimistic curiosity attracts and creates a community of like minded people, thought leaders and visionaries. Together with you we can build the foundation for a new era of humanity. The mission of the BLOCKCHANCE® team is to educate people about contemporary economic trends, social changes and chances brought to us by blockchain technology. The 3-day conference, with 100+ speakers and 50+ exhibitors creates a networking, match-making and education platform for c-levels, investors, entrepreneurs, politicians, IT experts, scientists, students, media representatives and the interested public. As well as for futurists, philanthropists and philosophers.

8th Annual Liquidity and Funding Risk Management conference

December 1-3, 2021 | USA

The 8th Annual Liquidity and Funding Risk Management conference, taking place in New York City and virtually, on the 1st-3rd December, 2021, aims to help liquidity and treasury professionals to monetize excess liquidity generated during the pandemic while effectively managing their risk appetite. Attendees will walk away with practical suggestions on how to optimize their balance sheets in the current low interest rate environment and position their assets to benefit from the economic recovery. Strategies to modernize intraday liquidity management to support real time payments and reporting will also be presented. Discussions will be held on how cloud and Machine Learning (ML) capabilities can be utilized for better data management and the overall resilience of treasury teams.

FinTech Connect 2021

November 30-December 2, 2021 | USA

FinTech Connect is the world’s number one event for financial technology. The show this year will bring 8,000+ global thought leaders from across the ecosystem to power forward the growing FinTech industry. Now in its 7th year, FinTech Connect will showcase innovation in financial technology across fintechs, financial institutions, merchants and disruptors from across the globe. Digital transformation has accelerated over the last few months, and FinTech is central to this. It is transforming banking, insurance and payments. Be at the centre of this paradigm shift by hearing from, networking and engaging with all the industry’s leading players.

Fintech Talents Festival

November 15-16, 2021 | USA

The future of finance is digital and most certainly more open. The journey to open banking may still be in its early stages but the plan is to accelerate and broaden that evolution. Open finance is coming whether through regulatory demand or market driven forces and the impact on the industry will be profound. With a view towards improving the outcomes for consumers and businesses though more control over how their data is used and by whom, catalysing the creation of the next generation of products and services. Open finance must inform strategy decisions today for the future of all parts of the financial services sector.

Spotlight

Determining an illustrated rate in Indexed UL is more art than science. Unlike other general account life insurance products, many companies are not capping Indexed UL illustrated rates at the current fixed account crediting rate, even though all Indexed UL products offer a fixed account. Instead, Indexed UL illustrated rates differ across products and carriers. So how might you determine an illustrated rate for Indexed UL that provides for meaningful comparison to other life insurance contracts? Fundamentally, any performance projection for Indexed UL relies on a set of assumptions about equity performance and product parameters. The more assumptions you make, the less comparable your illustrated rate will be to other life insurance products. This article walks through three ways to look at illustrated rates on Indexed UL by progressively making more assumptions about equity data and policy parameters.

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