The Word of the Year Is…’Ecosystems’
Ecosystems should produce key changes in two areas: how we touch customers and how we organize internal processes.
January 5, 2021
10:54 am
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Ecosystems should produce key changes in two areas: how we touch customers and how we organize internal processes.
Once the COVID-19 crisis is in the rearview mirror for most businesses, it will be up to insurers to prove that they are more than an additional cost in a challenging economy.
Both startups and established players in the reinsurance industry are likely to have a strong focus on expense efficiency in 2021, according to Dmitry Mnushkin, President of Bermuda-based insurance and reinsurance software specialists, Treefrog Consulting.
Changes are occurring as personal lines insurers consider the new realities of the business environment, risk landscape and workforce shifts.
Revamping procurement policies and procedures enables carriers to quickly strengthen their support for environmental and social sustainability.
The head of New York Life Ventures talks about the impact of the pandemic on the world of InsurTech investment.
Today, insurers succeed by offering products. In the future, insurers will win by providing access to risk prevention and assistance services.
Three out of four consumers (76%) would welcome assistance from their insurer in dealing with cybersecurity threats as the pandemic drives more consumers online, according to a new report from Accenture.
Widespread concern is no surprise as rising insurance costs—coupled with sky-high verdicts—have also been cited as the reason many fleets have gone out of business. While many factors that contributed to rising rates are beyond the fleet’s control, there are ways to improve your company’s risk profile—and technology can help.
Carriers should use digital technology to drive initiatives that counter threats to sustainability while also improving the management of these resources.
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