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Social Inflation Hitting the Insurance Industry Hard
Social inflation is increasing at a precipitous rate and resulting in unanticipated costs and risks for insurers. It has pushed up the cost of insurance claims at such a speed and extent that pricing ...
Your Tech Stack’s Missing Piece: Intelligent Decisioning
The insurance industry has faced a multitude of changes in the last few years, including a fast-changing workforce landscape because of trends like The Great Resignation that result in high turnover ...
Post-Merger Strategies: How to Get the Best of Both Worlds
Mergers and acquisitions (M&As) put a strain on any organization—with employees often reporting feelings ranging from ambivalence to outright fear. In the middle of such complex changes, it is ...
Why InsurTechs Should Be Scared of the Reinsurer’s Veto
Cash burn is so 2020. To keep with the recent theme of calling out the obvious, it's time to talk about the next big risk for product-centric InsurTechs. It's not cash burn. Everyone knows about that ...
Digital Transformation and the Digital Divide in Insurance
The term "digital divide" was coined in the mid-1990's by consumer groups who were concerned that the growth and spread of the Internet would lead to those who had access to the Internet, and those ...
Claims Management Video Solutions: An Interlude of Immediacy
It's a video streaming world. Video is a natural technology for insurers to offer customers and claimants. Various anthropological sources of our species state that our human brain is hard-wired to ...
Inside Out: How Exit Crime, Insider Threats Create Challenges for Insurers
There has been a lot of talk about how insurance companies are increasingly falling victim to outside cyber attacks, but the risk of insider threats can be just as scary and perhaps a little more ...
Viewpoint: Don’t Leave a Legacy of Legacy Systems
Insurers are not typically thought of as disruptors. You know, the ones anticipating change, willing to ride the waves, and making drastic changes based on where the market will be rather than merely ...