This month’s InsurTech Insights looks at the subject of tax and compliance from different perspectives, but with the same outcome; extracting value from the effort and burden of keeping honest.
In KPMG’s article, which is built around the theme of Tax Reimagined and KPMG’s 2018 Tax Officer Outlook findings, they make the point that advanced technologies and new insurance business models have changed the game for insurers, requiring a new skill set and a new approach to the complexities of multi-national tax management.
And Rick Huckstep's article looks at Solvency II from an InsurTech perspective, specifically how the application of technology such as AI, big data and machine learning can not only meet the regulatory requirements of this EU directive but also turn the effort and output into a source of value for the insurer.