Insure Think

The future is coming faster than expected, due to trends like Mecalfe's Law and Bezos's Law that are picking up speed just as Moore’s Law reaches its limitations.

Insurers need to perform due diligence to determine which platform or platforms will best facilitate their strategic objectives.

Even the best predictive analytics platforms will still need a human mind to tackle high-level analysis. Look for major changes in almost all human roles to come.

Policyholders will be making incremental changes to the car fleet, giving carriers several coverage and value-add options.

The company's heavily tested item insurance platform will finally be debuted stateside after a long, winding journey.

How can one remain true to the concept while also bringing in the technical depth and the 'flexible coupling' that come from a separate team?

Insurers are face challenges navigating GDPR and dealing with many different repositories of information, among others.

Cybersecurity regulation for carriers in the US is turning into a many-sizes, many-models scenario, with overlapping and variable regulatory requirements.

Powerful technologies get all the hype, but human and organizational factors are usually the most important in successful transformations.

A J.D. Power and Centric Digital study offers examples of top performers' best practices, like chatbots and personalization.

To make the most of what can be empowering technology, a device must be simultaneously optimized to do its job while also not exposing personal data, as they do generate a generous amount of it.

A guide to help carriers understand the rights and risks associated with big data efforts from law firm Mayer Brown.

Video-comparison algorithms and visuals can be adapted to make insurance more alluring and easy to sell.

It is relatively inexpensive for insurers to try out the technologies -- and not risk falling behind.

Leaving customers feeling satisfied requires an ecosystem of processes around digital, Forrester finds.

Rather than stifle digital transformation, limited resources can motivate any company ready to think beyond the past, willing to find partners outside traditional vendors, and eager to be agile and creative.

Artificial intelligence, real-time data and social capital can reverse the fate of individuals, families and communities.

Recently deployed capabilities find use cases for the technology in auto and marine coverage.

Customers are reporting increasing comfort with carrier’s digital initiatives, including usage-based insurance, according to o J.D. Power.

Both customer-facing and backoffice functions and tasks can benefit from robots. EY lists some common use cases.

Gains are especially being made near UC Berkeley, one of the major research universities in the Bay Area.

Many also believe the CVS-Aetna and Cigna-Express Scripts deals have a greater chance of success after a judge gave a go-ahead to AT&T-Time Warner.

Convening a group that isn't focused on insurance all the time helps elucidate pain points and opportunities the sector faces.

Skilled developers, data science and security professionals remain in high demand, putting increased pressure on organizations to offer the benefits, culture and work opportunities that will keep them on board.

Business value is being generated by many startups – and no insurer is going to walk away from that.

CSS insurance uses fast sentiment analysis on communications, helping the insurer steer customers toward the best treatment option.

Carriers in the business need to keep up with rapidly advancing customer expectations.

A report that the retail behemoth was considering selling home-insurance products sent a shockwave through the industry.

Cybersecurity regulation will not be one size fits all, meaning insurers will need to proactively respond to new laws as they emerge.

Moving applications from legacy systems to digital ones takes more than simply swapping underlying hardware or adopting cloud.

One way is to arm an integration team with an agile approach to the work

Although many insurers have developed digital roadmaps, their tech initiatives aren’t aligned and their digital channels aren’t integrated.

Here are three things insurers can do to take maximum advantage of machine learning’s potential.

The digital giant's involvement with an Indian insurtech doesn't mean it will be selling policies soon, but does give insurers something to think about.

Insurers may be holding back due to concerns over the perceived cost, a lack of technology skillset, or potential changes in personal auto risks.

How do you create an environment to support rapid innovation while protecting the company from its own excesses? Consider these five steps to moving fast without breaking things.

Insurers have to manage the process carefully to get the most out of transformation efforts.

Insurance is a data business, and a marquee piece of legislation impacting data ownership and portability is likely to impact the sector greatly.

For carriers looking to position themselves to succeed in the future, it can be a challenge to promote innovative thinking.

Do insurers own the required skills internally, or do they need to find them outside of their firms?

Many new insurers focused on commercial lines see value in the core systems that incumbent insurers already use.

Carrier staff assigned to transformation efforts need to find strong champions and set clear expectations, says MetLife CIO.

Carriers must create a roadmap for the transition from text to voice while building, deploying, and continuously improving its own voices.

Five ways that digital technology is transforming the insurance workplace just as much as product.

Effective leaders establish and communicate a short list of priorities linked to business objectives so that everyone can align and contribute.

Forrester Research has identified three EA trends that can help CIOs and IT organizations improve their transformational efforts.

The idea that products that were relevant to Baby Boomers have staying power into the third decade of the 21st century seems implausible.

With disruptive startups in our industry trying to break the status quo, there are key differences to keep in mind.

A rapidly changing world will have new risks that are managed in new ways, a fact informing insurance digital strategy.

The multiline insurer is giving developers an opportunity to solve business problems in a two-day event.

As with most major purchases, insurance representatives lean on digital to help them provide top-notch service.

An in-depth examination at what the industry may look like in 2030 highlights dramatic changes across the value chain.