Digital Insurance: Technologies and Strategies Driving Insurance into the Connected Age
"First movers are not predicting what will blow up next. They see trends starting in their incubation phase a slowly invest in them over...
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Digital Claims Transformation, Insurtech, Analytics
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The insurance industry needs to disrupt itself
"The point is that Netflix disrupted itself and that's what the insurance industry needs to do as well."
ITC 2019 Keynote message...
How disrupters look at financial services?
Valuable insights from Maarten Ectors Chief Innovation Officer at L&G. Why?
He is a disrupter himself from outside financial...
Amazon wants to be in the centre of every home
If the connected home be a person's digital castle then Amazon's ambitions should startle every digitally transforming innovator.
Insurers...
Bancassurance - where Fintech meets Insurtech
"Analysis by market data and research firm Timetric a couple of years ago predicted that “new technological innovations coupled with the...
Mastering the duality of digital: How companies withstand disruption
Are you getting the right balance between digitally transforming insurance and creating new digital insurance businesses? McKinsey gives...
Purpose- the core of your strategy
HBR say that top performing companies put purpose at the core of the strategies rather than at the periphery. This supports my...
Insurers, prevention rather than cure & the connected Home
McKinsey sees insurers allocating 20% of resources to prevention rather than risk sharing in "Claims 2030: Dream or Reality". When it...
Technology firms vie for billions in data-analytics contracts
In May 2017 The Economist proclaimed "The world’s most valuable resource is no longer oil" yet data analytics remains a neglected...
Human v algorithm: insurers try to cut out the middleman
"In a report this year, Boston Consulting Group and Morgan Stanley looked at how the money is divided up in the German life insurance...
Insurance Fraud, AI and common sense
What is more important- to settle a simple claim within minutes gaining a high customer satisfaction rating or spend a little more time...
Prudential buys Assurance IQ for $2.35 billion
After the years of early adopters and fitful digital transformation progress is this another sign that insurtechs are crossing the chasm,...
The productivity imperative in insurance
The top quintile of insurers take all the industry profit whilst the three middle quintiles barely make their costs of capital. The...
Large carriers can't contain costs
New research from McKinsey shows that administrative expenses across the insurance industry have ballooned in the last 10 years, despite...
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