Rethinking Digitalization

An article in the 2019 Berne Union newsletter hit upon a very important theme.

The article, by Shelley Schad of AXA XL, looked forwards to the next ten years and predicted challenging times for the export credit insurance industry, banking, and other insurance sectors, largely due to the evolution of IT.

The article identified ‘new technologies such as BlockChain and Artificial Intelligence, along with the emergence of start-up companies...

"Distributed Ledger Technology has the potential to reduce trade finance operating costs by 50% to 80%."