In light of the large numbers of new digital entities operating on the financial market, the scope and complexity of the regulatory sphere is increasing. Regulatory and supervisory institutions are starting to reach for advanced technologies, which is beneficial for the whole sector.
Climate change is one of the greatest global challenges. Even though artificial intelligence and machine learning entail a significant carbon footprint, they could be used to reduce greenhouse gas emissions.
Cutting edge technology is revolutionizing the rules the financial sector has operated under so far. The institutions that will only evolve instead of undergoing a revolution could disappear from the market.
The Polish insurance sector is following the world trends, but is not in a hurry to introduce new insurance policies. They expect that hacking attacks and the EU's General Data Protection Regulation (GDPR) will lead to a quick development of cyber insurance.