General Insurance - Digital Research 2018 - Digital Ranking
Eye-opening. Just 23% of UK Auto Insurers and and 31% of Home Insurers offering services digitally. And that's basically just FNOL...
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Digital Claims Transformation, Insurtech, Analytics
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Partnerships and a Pinch of Amazon: Early Signs of the Future of Insurance?
At the beginning of this week QEII Centre in London hosted the 18th edition of the Insurance Innovators Summit. Most believe Measuring...
Could you predict Brexit?
When most people have to predict micro and macro issues this is an important question. If you cannot predict Brexit why would you think...
The Age of Digital Insurance Is Here, And It’s Decidedly More Human
Denise Garth makes the case in Coverager that digital transformation will change insurance significantly. McKinsey states that a large...
Allianz wins approval for China’s first wholly-owned foreign insurance holding company – four years
Within 70 years 80% of consumer spending will be in Asia Pacific and Africa tilting commercial focus from its heavy current focus...
The Seven Deadly Sins of AI Predictions
Amara's Law- "Overestimating the short-term and under-estimating the long-term impact" is not unusual. Take GPS
Starting in...
AI adoption advances, but foundational barriers remain
Insurers must plan to exploit AI of they are to be market leaders and combat disruptive threats from digital giants like Amazon. Yet...
Measuring the scale of Amazon’s threat to the insurance industry
If insurers do not meet expectations someone else will. That leaves just risk transfer for customers and no relationship with the...
Today's Deep Learning "AI" Is Machine Learning Not Magic
Not magic- reading about the SpiNNaker supercomputer today just reinforced this.
"Even with a million processors we can only...
Operational resilience: a priority for insurance
Major insurers with multiple, disparate and old legacy systems spend a great deal of time ensuring new digital insurance platforms are...
Why Doctors Reject Tools That Make Their Jobs Easier
Good analogy here between medical professionals and those in industry, finance, commerce and government.
Tools, such as AI, free people to...
Scaling analytics across the organisation
McKinsey (link below) discuss the value driven by advanced AI. “Organisations achieving better scale and value are what McKinsey...
It Takes More Than Technology to Be Like a Tech Company
Timely article from BCG finds Financial Services enterprises resisting the strategy to become tech companies. BCG believes they will...
Insurtechs: Who Will Eat Whom?
"Spot-on analysis here of what is currently happening in the world of InsurTech and what will follow. VC's have kindly funded the...
Here’s What Instant Life Insurance Really Looks Like
Vision, strategy, digital technology and implementation showing effective digital transformation of Life & Protection.
Setting...
Digital approach improving Customer Satisfaction & Profits at some Major Insurers
An average NPS across Auto and Home of 77% and a high of 82% in Pet! Higher customer satisfaction levels is a priority goal and digital...
Building New Data Engines for Insurers
WHY? Data driven decision creates an upside of from 6% to 9% of an insurer’s combined ratio - Source BCG Studies.
Which insurer can...
Artificial Intelligence Is Not A Technology
If you treat AI as a must-have technology you are doomed to waste time and money. This is a strategic error for many insurers chasing the...
China’s Ping An rules out foreign M&A interest
Sigh of relief from many western insurers! Three messages in this article : -
- The Chinese Market has highest growth potential- where does...
Insurance 2030—The impact of AI on the future of insurance
Dilemma for insurers- planning for the role and benefits of AI whilst still today struggling to deliver stage one of digital insurance...
How digital platforms can deliver efficiency and bottom line improvement
“A typical large auto insurer could more than double profitability over 5 years by harnessing the power of digital” Digital McKinsey...
Lloyd’s of London needs a sound policy for its future
When digital vision hits analogue culture something has to give.
Will Lloyds be as innovative as when it first started in 1688 or will it...
Will East Asian Insurers & insurtechs steal a march over western incumbents?
Alibaba, Amazon India investment in insurance!
" Amazon India wants to start by selling life, health and general insurance,...
Swiss Re’s Plunkett eyes China opportunity
The global wealth focus will tilt from the West to Asia Pacific and in the latter half century to Africa as well. Global strategies...
Will tech giants rule over the insurance industry?
Insurance was built on analysing data yet today insurers are falling behind the masters of data management and analysis. Google,...
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