![Page 1: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/1.jpg)
© ACORD 2016
Insurance in an Exponential World
Bill HartnettHead of Innovation
ACORD
![Page 2: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/2.jpg)
© ACORD 2016
Capital Markets firms compete in a global environment in which speed, sifting through the explosion of data, regulation and risk analysis will spell the success or failure of the business. Through our SMEs and the broadest Partner Ecosystem in the industry, the IU is committed to providing the evidence that Windows, .Net, MOSS, and our other products provide the speed and edge that means competitive and business success.
"Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made, food doesn't get produced, and services can't be delivered without it. Insurance is vital to the modern global economy, and navigating these megatrends will increasingly define our success in helping to propel it.“Joe Plumeri, Willis Group Chairman & CEO, 2/27/2008A.M. Best Company's 15th Annual Review and Preview Conference
![Page 3: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/3.jpg)
© ACORD 2016
Risk 101
Three ways to manage riskEliminate itTransfer itInsure it
![Page 4: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/4.jpg)
© ACORD 2016
Insurance 101
Law of Large Numbers
Spread of Risk
![Page 5: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/5.jpg)
© ACORD 2016
The Future Circa 1954
“It is not too much to expect that our children will enjoy electrical energy in their homes too cheap to meter” – Lewis Strauss, Chairman AEC
![Page 6: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/6.jpg)
© ACORD 2016
Exponential growth
![Page 7: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/7.jpg)
© ACORD 2016
Science | NYT Now Scientists Report Finding Reliable Way to Teleport Data
![Page 8: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/8.jpg)
© ACORD 2016
![Page 9: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/9.jpg)
© ACORD 2016
![Page 10: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/10.jpg)
© ACORD 2016
![Page 11: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/11.jpg)
© ACORD 2016
DISRUPTION
Internet of Things
![Page 12: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/12.jpg)
© ACORD 2016
![Page 13: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/13.jpg)
© ACORD 2016
Innovation?OR ALREADY OBSOLETE?
![Page 14: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/14.jpg)
© ACORD 2016
Cars
![Page 15: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/15.jpg)
© ACORD 2016
Autonomous Semis
https://youtu.be/RjRaVExmwVk
![Page 16: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/16.jpg)
© ACORD 2016
![Page 17: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/17.jpg)
© ACORD 2016
![Page 18: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/18.jpg)
© ACORD 2016
DISRUPTION
Cognitive Computing
![Page 19: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/19.jpg)
© ACORD 2016
DISRUPTION
Drones
![Page 20: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/20.jpg)
© ACORD 2016
![Page 21: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/21.jpg)
© ACORD 2016
DISRUPTION
Genome Sequencing
![Page 22: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/22.jpg)
© ACORD 2016
![Page 23: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/23.jpg)
© ACORD 2016
![Page 24: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/24.jpg)
© ACORD 2016
DISRUPTION
3D Printing
![Page 25: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/25.jpg)
© ACORD 2016
![Page 26: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/26.jpg)
© ACORD 2016
3D Printed homes
![Page 27: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/27.jpg)
© ACORD 2016
![Page 28: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/28.jpg)
© ACORD 2016
DISRUPTION
Blockchain aka Mutual Distributed Ledgers
![Page 29: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/29.jpg)
© ACORD 2016
![Page 30: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/30.jpg)
© ACORD 2016
"Ledgers are the infrastructure of finance. Mutual distributed ledgers are pervasive and permanent. They will transform all financial trust architectures -exchanges, insurers, banks, and information providers." Professor Michael Mainelli, Executive Chairman of Z/Yen (2015)
![Page 31: Insurance in an Exponential World - NCCI Holdings Inc. · "Insurance is the DNA of capitalism. Buildings and homes don't get built, lives can't be repaired, products aren't made,](https://reader034.vdocuments.us/reader034/viewer/2022050300/5f69782fa4531a07550186d3/html5/thumbnails/31.jpg)
© ACORD 2016