Is it the Insurtech's fault insurers are behind the digital curve?
The IBM sponsored report may be said to be biased but another large scale study concluded that "80% of UK insurance buyers engage in...
Contributors
-
Digital Claims Transformation, Insurtech, Analytics
InsurTech World Archive
- April 2025 (2)
- February 2025 (2)
- January 2025 (3)
- December 2024 (2)
- November 2024 (5)
- October 2024 (4)
- September 2024 (5)
- August 2024 (3)
- July 2024 (2)
- June 2024 (1)
- May 2024 (1)
- April 2024 (1)
- March 2024 (4)
- February 2024 (2)
- January 2024 (3)
- October 2023 (6)
- September 2023 (1)
- August 2023 (2)
- July 2023 (2)
- June 2023 (1)
- May 2023 (2)
- April 2023 (3)
- March 2023 (4)
- February 2023 (6)
- January 2023 (3)
- December 2022 (3)
- November 2022 (3)
- October 2022 (4)
- September 2022 (3)
- August 2022 (4)
- July 2022 (4)
- June 2022 (5)
- May 2022 (5)
- April 2022 (5)
- March 2022 (6)
- February 2022 (9)
- January 2022 (2)
- December 2021 (12)
- November 2021 (10)
- October 2021 (7)
- September 2021 (9)
- August 2021 (6)
- July 2021 (15)
- June 2021 (11)
- May 2021 (12)
- April 2021 (17)
- March 2021 (13)
- February 2021 (12)
- January 2021 (11)
- December 2020 (12)
- November 2020 (17)
- October 2020 (10)
- September 2020 (17)
- August 2020 (14)
- July 2020 (18)
- June 2020 (15)
- May 2020 (21)
- April 2020 (19)
- March 2020 (12)
- February 2020 (15)
- January 2020 (23)
- December 2019 (13)
- November 2019 (15)
- October 2019 (22)
- September 2019 (14)
- August 2019 (20)
- July 2019 (18)
- June 2019 (18)
- May 2019 (27)
- April 2019 (21)
- March 2019 (18)
- February 2019 (25)
- January 2019 (10)
- December 2018 (15)
- November 2018 (25)
- October 2018 (25)
- September 2018 (26)
- August 2018 (27)
- July 2018 (27)
- June 2018 (19)
- May 2018 (16)
- April 2018 (25)
- March 2018 (31)
- February 2018 (33)
- January 2018 (41)
- December 2017 (20)
- November 2017 (23)
- October 2017 (28)
- September 2017 (7)
- August 2017 (20)
- July 2017 (29)
- June 2017 (23)
- May 2017 (6)
- February 2017 (1)
- January 2017 (2)
- December 2016 (1)
- January 2016 (1)
Data the critical success factor for digital transformation
AI, Machine Learning, Robotics, Chat-bots, Digitising Claims, Fraud Prevention, automating workflows- too many insurers wade into such...
Insurers Pursuing IT Transformations Must Up Their Recruiting Game
Talent scarcity a barrier to digital transformation success. Insurers are competing for talent and whilst the UK insurance industry is...
Is technology the smallest barrier to transformation?
When I was charged with digitally transforming Hilton's global reservation systems technology was the least of my challenges. Internal...
Cambridge Analytica a warning for those ignoring GDPR
One of the key factors is the fact that the respondents to the original psychological tests never gave permission for the data to be used...
Lemonade & Insurers fear Amazon
In all the reviews of insurtechs and digital transformation (or lack thereof) by carriers & brokers data and analytics/AI often gets...
Insurers losing the digital buying battle
80% of UK insurance buyers engage in online research but only 45% make the final purchase online. Source Acord 2018.
In 2017...
Cyber attacks: the risks of pricing digital cover
Cyber Insurance is one of the big growth markets but it is also one of the most unpredictable.
"It doesn't give me a warm and fuzzy feeling"
Are Insurance CEOs too optimistic?
"Half of insurance CEOs believe that global economic growth will improve over the next 12 months, up from only 19% in 2017
Insurance CEOs...
Digital integration of claims ecosystems
"To capture the value of digital,P&C claims functions must embark on a transformation to become a customer-centric, digitally enabled...
Lemonade evolutionary rather than revolutionary?
Oxbow Partners interview with Lemonade CEO Daniel Schreiber and insightful analysis.
- Model suits high volume low value claims but leaves...
Why are insurers spending less on digital than other industries?
"Insurance firms are spending less on digital as compared to other industries thus resulting in reduced satisfaction scores"
Everest Group...
Auto parts OEM invests in Lyft- ecosystems in the making
I have long wondered about the partnerships auto component OEMs will make with the future fleet managers of automous vehicles.
BMW,...
Reshaping Health Insurance
"Let’s start with Digital Health as the health sector is one of the three main areas of the insurance industry alongside with Life, and...
Inside the mind of ZhongAn Technology's CEO
Wise to anticipate the innovation impact of this digital conglomerate's CEO especially as he partners with PingAn Insurance. His...
Unstructured data a brake on AI adoption
80% of modern data unstructured and insurers rarely access more than 10% of data stored in silos from various mergers and acquisitions.
Organisational culture the big barrier to digital transformation
""across the industry, about half of digital initiatives generate returns below the cost of capital, and many insurers have found that...
Softbank's Impact on the Insurance sector
Insightful article well worth analysis by all carriers, re-insurers, brokers plus incumbent and insurtech technology providers. Likely to...
Improving today's systems before tackling AI & blockchain
Important reminder of the essential priorities that insurers should attend to before getting diverted by the hype of blockchain and AI.
How insurers can get the most out of a digital transformation in 2018
"across the industry, about half of digital initiatives generate returns below the cost of capital, and many insurers have found that...
Please don’t switch to Amazon Panic Mode- yet
"Facebook is an ecosystem with a trust level of one (very low). Posting a picture of my last meal is a transaction with a trust...
Solix survey supplies more evidence of GDPR unreadiness
Small survey but still very worrying- adds to anecdotal evidence that organisations still in confusion about "Subject Access Requests"...
Signs of GDPR things to come?
Information Commissioner's Office flexing its muscles ahead of May 25th start GDPR?
Micro Insurance to fuel growth for Insurers?
Selling 100 million policies a day in China- Zhong An demonstrates clearly the growth potential of Micro Insurance- something that Amazon...
Ready for those SARs after May 25th THIS year?
Never mind the fines- it's about reputation, brand and customer relationships.
The biggest challenge for insurers may well be in the data...
Is the customer at the centre of your digital strategy?
A reminder that before rushing into new digital transformation strategies it is vital to start with the customer, keep with the customer...
Smart, Connected & Insured Homes
Escape of Water remains a costly peril for P&C Insurers and a cost-effective solution offers benefits to both customers and insurers.
Biba - Brokers and InsurTech; state of the nation report 2017
Th report indicates insurers and brokers embrace technology too tactically. Take the major goals of innovation for Brokers:-
"Brokers...
The 5 tech hotspots to watch and engage with
"Even in a hyper-connected world, physical location still matters to entrepreneurs, investors and talent. Factors affecting a...
AXA, Brolly & Insurtech
"Not taking insurtechs seriously yet? It seems the major insurance players certainly are, as indicated by the establishment of yet...
Half of customers willing to use Amazon for auto insurance,
Trust in the brand and shopping experience are much higher than that for insurance.
"“There’s no digital property that is more...
As a free user, you can like posts.
To repost this post to your own Passle blog, you will need to upgrade your account.
For plans and pricing, please contact our sales team at sales@passle.net