An enjoyable interview with Jennifer Frost of Insurance Times last week. Here are the headlines:

The business model of insurance is going to fundamentally change after more than 350 years using the "modern" insurance model created in 1668.

The insurance industry must act and make sure that it has the IT infrastructure in place to compete, or individual players risk being wiped off the face of the landscape.

If you are not able to respond to the challenges then your profitability is going to go through the floor,

Your combined operating ratio is going to go massively up.

Looking forward a few years, there are going to be a lot of players who we know as existing insurance companies who won’t be around.