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The Dynamics of Decline

In: Insurance Transformed

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  • Michael Naylor

    (Massey University)

Abstract

Naylor explores the conceptual issues relating to how fast the transformation in insurance will occur. The dynamics of the demise of the current insurance structure are vital, as while most expert observers agree that transformation is looming, the speed and manner of the process of transformation will determine whether or not insurer incumbents can survive the transformation process or die off. While exact predictions are impossible, this chapter explores the concepts, which will help managers plot a path through the transformation process. Reasons why the transformation process may occur faster than insurers think are explored.

Suggested Citation

  • Michael Naylor, 2017. "The Dynamics of Decline," Palgrave Studies in Financial Services Technology, in: Insurance Transformed, chapter 0, pages 209-220, Palgrave Macmillan.
  • Handle: RePEc:pal:psincp:978-3-319-63835-5_7
    DOI: 10.1007/978-3-319-63835-5_7
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