Insure Think

Insurtechs have pointed the way toward the type of flexibility in contract lengths customers have begun to demand.

This combination ensures accuracy over time and enables the ability to analyze information and provide it quickly.

The challenge for both consumers and businesses is comparable — and ironic: It’s difficult and often expensive to connect connected systems.

Before you can reliably introduce the ‘cool stuff’ at scale, there are a lot of less cool, but important areas to address.

Consumers report broad concerns about the fairness and acceptability of using computers for decision-making in situations with important, real-world consequences.

Ultimately, a digital strategy must focus on improving business processes and outcomes, like offering new digital products or increasing your customer engagement.

Consolidation and the desire to drive down costs are incentivizing innovation in health insurance between a range of stakeholders.

Once considered the best way to do business, the basic functionality of spreadsheets is now under question as the right tool for the job.

Thanks to explosions in data and analytics capability, carriers have more options than ever to avoid leaning on controversial tactics like credit scores.

Most organizations think of asset management as the practice of tracking and managing IT devices such as routers, switches, laptops and smartphones. But that’s now only part of the picture.

Insurers must decide which business problems they need to address first, which require more data, and how to operationalize models in their core production system.

The point of visualizing data is to engage the user, deliver information faster, and otherwise enable business insight.

Dynamic pricing is an example of an emerging blockchain-enabled innovation that benefits both the insurer and the customer, with broad-ranging potential.

There is no single technology that will redefine IT operations or business strategies. Instead, technologies must be stacked together to produce new and innovative solutions.

The importance given to understanding and preventing bias and unfairness is evident in the mainstream artificial intelligence conferences.

For healthcare payers, the answer depends on more than just saving money—optimizing health should be the basis for adoption.

A new report, as well as several other studies, confirm a frustrating problem: The AI hype is making it impossible to figure out how much businesses really need it and are using it.

With the California mandate to take effect by January 2020 and a potential new U.S. federal privacy law that could supersede it, firms need to start taking stock of their privacy practices.

The visionaries are leveraging the data that sits in the ecosystems around them—and are applying AI on top of the data to turn it into predictive insights.

The right software can make a major difference for carriers that are seeking to implement digital tech.

For upstarts, these represent opportunities to disrupt the old guard; for established firms, these approaches can stave off new competitors.

Shifting to the cloud isn’t just a matter of flipping a switch, and the cost savings won’t be automatic if you’re not acting advisedly. As a result, CIOs should keep these three concerns top of mind.

The insurance industry is rife with self-inflicted limitations that have created unnecessary business process steps and workarounds.

Leaders must adopt a radically different stance, one that can enable them to pilot through contact turbulence while incessantly fine-tuning their course.

How do insurers make available the key connected devices that can, at a minimum, detect water and fire to mitigate the risk of each?

The regulation will impact the national and global economy, representing a seismic change for compliance procedures in the US, similar to how GDPR has changed privacy rules globally.

The Apple co-founder has kept a sunny disposition about change over a 40-year career.

Single-tenant SaaS has the same long-term scaling problem as on-premise deployments: every client’s system running on a slightly different branch of the codebase.

The Digital Footprint service is designed to identify, secure, and control personal data.

The nature of insurtechs make them very attractive targets, as connected technology creates new gateways for cyber criminals.

While WWI-era tactical fortifications were testaments to early 20th-century technology, it is not a paragon of smart investing. The designers assumed technology would never move forward.

As is the case with any emerging technology, there are several risks with blockchain that should be considered by organizations that plan to use it.

The tech giants evolved out of necessity to migrate to a more flexible and responsive architecture by incorporating microservices.

It’s no longer a question of if companies should use data; rather, the concern lies in how companies can effectively apply its insight.

Advancing in this field requires a combination of technical and intrapersonal expertise. Understanding your value as a data scientist and extending that ingenuity to various enterprises is the key.

MDM is growing in importance to keep up with a proliferation of analytics and external demands.

Five steps carriers can take to modernize their processes while retaining the human and emotional touch of the business line.

Organizations that win at digital become gravity points for the best talent. And the best talent is what organizations need to keep transforming in these times of change.

Companies that have vast amounts of data can easily step into the space and start competing with insurers. Here's how to dodge the threat.

Wage growth is starting to accelerate, and CIOs could find themselves paying premiums for certain roles in high demand such as data science, AI, security and cloud technology.

The processes and structures which have been effective in building capacity in the past won’t be able to address the market today.

While data has immeasurably improved a range of functions and processes, the manner in which data is used by insurers carries significant potential privacy implications and further regulatory scrutiny.

Blockchain use fundamentally changes the way that different constituencies -- including insurers and departments of insurance -- interact.

Services like Venmo and PayPal allow consumers to pay friends and family electronically. Insurers should meet that standard.

The landscape shifts with which the insurance industry is currently contending include new developments in both technology and consumer behavior.

Innovation and digital transformation are top-of-mind for these lines of business this year, according to SMA research.

The key is to leverage customer data in a trustworthy manner and deliver clear incentives for customers.

The coming year is expected to be a crossroads for the industry. Here's what to look out for to see what's next.

By 2022, 90 percent of corporate strategies will explicitly mention information as a critical enterprise asset and analytics as an essential competency.

There will be many new data sources and tools available, increasing exposure to cyber risk in the world.

Enterprises must look beyond the network, storage and compute stack to create meaningful insights out of data—the true business asset.

As we approach the end of the year and move forward into a year with new cyber risks, here are seven tips to avoid and combat cybersecurity risks.