Agile insurance: Lessons from leaders of Greek insurer Interamerican
McKinsey and Company
MAY 8, 2023
Interamerican demonstrates how Southern European insurers can launch a successful agile transformation within their own cultural contexts.
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McKinsey and Company
MAY 8, 2023
Interamerican demonstrates how Southern European insurers can launch a successful agile transformation within their own cultural contexts.
31 West
DECEMBER 7, 2022
Cyber insurance is a policy that can help hedge a business from the potential fallouts of a cybersecurity attack. The article will look at cyber insurance – what it is, what it covers, what it does not cover, and why it is essential for technology-oriented businesses today. What is Cyber Insurance? Notifying Customers.
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Forrester Digital Transformation
OCTOBER 30, 2022
Insurance firms in Europe will face considerable headwinds in the coming year. Read our predictions for how they will handle them.
Forrester Digital Transformation
MARCH 31, 2023
Insurers must focus on the ‘S’ of ESG to grow the market — and their revenue. Here’s how insurers can overcome top challenges and achieve scale.
McKinsey and Company
DECEMBER 14, 2022
In an interview with McKinsey’s Tanguy Catlin, Andrew Rose of OnStar Insurance discusses how telematics data will usher in a new era of auto insurance.
Forrester Digital Transformation
MARCH 9, 2023
Computer vision technology is a recent entrant in insurance, but it has the potential to revolutionize how insurers process claims, identify fraud, and evaluate risk.
Forrester Digital Transformation
APRIL 8, 2022
Cyber insurance is only one component of a bigger enterprise cybersecurity risk management program. However, the cyber insurance market has been on a roller coaster, with skyrocketing premiums, changes in coverage, and a demand for policies that outweighs available supply.
IBM Services
MAY 1, 2023
In this first of two posts, I investigate the anatomy of artificial intelligence and its impact on insurance. Artificial intelligence applied to insurance The insurance industry has always made extensive use of data and algorithms, such as in the calculation of insurance premiums.
Forrester Digital Transformation
JULY 14, 2022
On July 6, 2022, The Travelers Property Casualty Company of America (Travelers Insurance) filed a suit in Illinois Federal Court against International Control Services, Inc (ICS) asking for policy rescission and declaratory judgment against ICS.
Forrester Digital Transformation
NOVEMBER 7, 2022
The four significant insurance themes that emerged from The Future of Insurance, Europe 2022 event.
McKinsey and Company
MAY 3, 2023
AI’s potential for competitive advantages remains largely unrealized in the Asian insurance industry. There is a framework for success: invest in AI not discretely but across the value chain.
Velocity Global
JUNE 7, 2023
and international companies that send foreign employees on assignment to Mexico or allow them to relocate and work in Mexico must prioritize their employees’ safety and health insurance coverage. Read below to learn how to ensure proper and compliant health insurance in Mexico for your expatriate employees living and working in the country.
Perficient Digital Transformation
JULY 6, 2023
A blockchain-based data model for health insurance could potentially help to improve the efficiency and security of the health insurance industry. In such a model, each participant in the network, such as a patient, healthcare provider, or insurance company, would have their own unique identity on the blockchain.
Forrester Digital Transformation
OCTOBER 26, 2021
Find out what Forrester predicts for insurance companies in 2022 and beyond.
Forrester Digital Transformation
OCTOBER 18, 2021
Forrester surveyed customers of the 32 of the largest and most important auto and home insurance brands in France, Germany, Italy, Spain, and the UK about the quality of their experiences as a part of our European Auto And Home Insurers Customer Experience Index, 2021.
Hyland
OCTOBER 17, 2022
In less than five years, insurers have gone from highly skeptical to fully embracing cloud-first strategies. A cloud computing platform allows insurance companies, with the help of software vendors, to create and host applications in the cloud without being concerned about the infrastructure the application will run on. Integration.
McKinsey and Company
APRIL 11, 2023
This represents an outsize year for insurer and enrollment growth. More than 3.6 million new consumers entering the market are choosing among an average of 88 plans.
McKinsey and Company
NOVEMBER 16, 2022
The global life insurance industry is facing an inflection point. A fundamental reimagination will usher in significant change.
McKinsey and Company
FEBRUARY 3, 2023
In this podcast, three McKinsey partners and leaders of the Insurance Practice discuss the themes that will define Asian insurance in 2023 and beyond.
The Global Small Business Blog
SEPTEMBER 27, 2023
Back in her office, “I [Sharma] said, Hey, we can get credit insurance for exporting, so you know what? Next time let's tell them to buy $15,000 worth instead of $5,000 because we're going to give them insurance. I believe it is: AKAS – EXIM's Exporter of the Year in 2021. And that was a game changer for us.”
IBM Services
MAY 8, 2023
In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. As AI technologies continues to mature and use cases expand, insurers should not shy from the technology.
Magellan Solutions
APRIL 28, 2023
Top 7 Benefits of Outsourcing Administrative Functions for Insurance Companies Insurance companies encounter a variety of challenges nowadays. Outsourcing administrative functions for insurance companies has been a proven strategy to consider. With the rising inflation, insurance companies are looking for ways to reduce costs.
Magellan Solutions
APRIL 19, 2023
8 Secrets to Improving Customer Service in the Insurance Industry with Outsourcing If customers do not get satisfactory service, they easily switch to other competitors. In order to keep up with the changing needs, improving customer service in insurance is one of the top priorities of businesses. when outsourcing.
Perficient Digital Transformation
MARCH 3, 2023
In this blog, we’re going to stay in the world of finance, but pivot to embedded insurance. Recall flying back in the 1970s, when airlines began offering life insurance at the airport to folks before they boarded their flight. Apple makes significant profits selling insurance on their phones. i-Insurance anyone?
Everest Group
NOVEMBER 3, 2022
Leading insurance organizations seek to be more data-driven in their business decisions by harnessing the full potential of the data that resides within their enterprise boundaries. In this blog, we will explore the potential benefits for carriers of unlocking data in the insurance value chain. Source, Everest Group.
McKinsey and Company
DECEMBER 21, 2022
Leaders in McKinsey’s insurance practice discuss industry trends and how companies can be successful by rethinking the life insurance model.
Perficient Digital Transformation
JULY 19, 2023
One such industry that will be forced to utilize AI solutions to gain a competitive advantage is the regional insurance carrier industry. By harnessing the power of AI, regional insurance carriers can streamline their operations, enhance customer experience, and make more informed decisions.
McKinsey and Company
SEPTEMBER 15, 2022
Here’s the role insurers can play. The world’s transition to net-zero emissions will cost trillions of dollars and present new kinds of risks.
McKinsey and Company
MARCH 17, 2022
As insurers rethink agent relationships, American Family Insurance is looking ahead, investing in digital tools and solutions that help agencies stay on top of trends and changing customer needs.
Perficient Digital Transformation
JANUARY 28, 2022
As customer expectations around how to purchase insurance online evolve, it’s crucial for insurance carriers to create online purchasing experiences that exceed expectations and drive revenue and growth opportunities for their organizations. The insurance industry, just like any other, has seen its trends evolve.
Perficient Digital Transformation
APRIL 25, 2022
In our previous blogs , we’ve documented how insurance is a complicated product for the traditional commerce process. Insurance is one of the few products that is purchased that one hopes to never have to use – fulfilling a claim means something bad has happened.
McKinsey and Company
SEPTEMBER 30, 2021
Over the next decade, the fully tech-enabled insurer will bear little resemblance to today’s organization. Five trends, individually and in combination, will have a seismic impact.
McKinsey and Company
OCTOBER 14, 2021
As economies emerge from the pandemic and plan for the next decade of growth, insurance companies need to rethink the strategic function of risk.
McKinsey and Company
SEPTEMBER 15, 2022
Autonomous mobility has the potential to dramatically transform the automotive insurance market, from underwriting to claims and beyond.
Magellan Solutions
APRIL 24, 2023
Stay Ahead of the Compliance Game: How Insurance Companies Can Meet Regulatory Requirements Nowadays, businesses should be up-to-date with the governing laws on data security. Outsourcing insurance compliance services can assist businesses with the changes in regulatory compliance. Additionally, it lowers exposure to potential risks.
McKinsey and Company
FEBRUARY 15, 2022
The insurance industry struggles to create economic profit. But amid COVID-19’s enduring changes, opportunities await.
Forrester Digital Transformation
NOVEMBER 10, 2021
Last week Lemonade revealed Lemonade Car, its entry into auto insurance. This week, it announced the acquisition of Metromile, one of the largest usage-based auto insurers in the world. Talk about timing. Insurtech M&A has been strong, but admittedly, I didn’t expect to see a transaction like this so soon.
IBM Business Partners
JUNE 23, 2023
Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.
Everest Group
MARCH 10, 2023
Cloud computing presents a huge opportunity for insurers to drive growth, improve efficiency, and deliver innovation, among other benefits. Read on to learn about the coming phase of industry cloud and the key role system integrators (SIs) can play in advancing cloud adoption in insurance. Let’s explore this opportunity further.
Perficient Digital Transformation
NOVEMBER 12, 2021
As we’re slowly climbing out of the pandemic, the insurance industry has a fresh opportunity to begin to reinvent itself to align with the changing values of society and leverage the power of data and technology to do more than just deliver innovations in products, underwriting, and operational efficiencies. Heart, Mind, and Market Share.
Everest Group
MAY 31, 2023
From the many thought-provoking conversations that Everest Group analysts engaged in at Formation ’23, three main themes emerged about the future of insurance technology. In this blog, we will take a closer look at these growing trends and explore their potential impact on the insurance industry. Contact us directly for more insights.
Everest Group
JULY 7, 2023
Embracing sustainability in the insurance industry is not just a choice, but a necessity for a resilient future. By integrating Environmental, Social, and Governance considerations into their practices, insurers can mitigate risks and foster long-term value for customers, shareholders, and the planet.
McKinsey and Company
MAY 2, 2022
In this podcast, three claims experts discuss what insurers should consider as they update their technology, ways of working, and workforces to bring forth the future of claims.
McKinsey and Company
SEPTEMBER 13, 2021
In this podcast, McKinsey experts explore the insurance procurement themes executives should consider as the tremors from the pandemic push them to rethink their service-provider relationships.
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