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Reputations Lost: Lessons for Insurers From Other Industries
"It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently." Those words are attributed to Warren Buffett, and if Buffett said them, ...
VC Bets on InsurTechs in a World Where Few Will Survive
With 20 years of experience as a professional venture capital investor on his resume, Jonathan Kalman seems well positioned to deliver an expert opinion on the likely forthcoming failure rate of ...
Putting Insurer Innovation Under the Rating Agency Microscope
Underway for some time now, the disruption of the insurance industry has moved into a new phase, following the announcement by A.M. Best that it may soon begin scoring insurers' innovation efforts. ...
CEO Interview: Metromile Shaking Up the Auto Insurance Industry With a Lifestyle Product
Metromile is one of the early InsurTech companies. It is also one of only a few InsurTechs that is really transforming the insurance business. Most InsurTechs focus on operating efficiencies in ...
How to Choose Third-Party Data With Predictive Power to Boost Your Results
This is the sixth in a series of articles by Valen Analytics looking at the hurdles that insurers must overcome to effectively implement and gain value from data analytics programs. Making better ...
‘New Recipe’ Could Make Innovation Easier
Two years ago, when Michael Fitzgerald, a senior analyst at Celent, was interviewing Tim Attia, the CEO of Slice Labs, Fitzgerald asked Attia how much it cost to launch the InsurTech's first product. ...
Is Insurance Innovation Disruptive Enough?
Less than 10 percent of insurance carriers responding to a recent survey said they spend more than half their time on "disruptive innovation"—and that 10 percent figure has stayed roughly the same ...
Improve Retention and Increase Conversion by Getting the Most Out of Credit Data
In an era when insurers are increasingly reliant on data to automate underwriting and segment risk, lower new business application conversion has put pressure on company expense ratios. This is due ...