Strategy
Exclude It, Harness It, Get Greedy: McGavick’s Take on Insurers’ AI Playbook
Mike McGavick, the former chief executive of XL Group and Safeco Insurance, sees exciting possibilities ahead for AI to refocus the insurance industry on the problems it is designed to solve. But ...
The Financial Case for Negotiation: How Indemnity Discipline Can Transform Carrier Economics
EvenUp Law, the leading AI provider to the plaintiff bar, tells its prospective customers that its technology produces a 30% increase in settlement values, a 70% increase in policy limit demands, and ...
Executive Viewpoint: One AI Won’t Save You
The property/casualty insurance industry has made artificial intelligence a top strategic priority for three consecutive years. It has invested accordingly. And it has, by most objective measures, ...
The Big Dog Is Off the Tech Porch: State Farm as ‘Next Gen Good Neighbor’
You'd have to roll back the calendar a few decades to find a time when competitive moves by the nation's biggest auto and home insurer were described with the phrase, "The big dog is off the porch." ...
Details TBD: Berkshire’s Jain, Abel Describe Tokio Marine Strategic Pact
Some details of a long-sought-after partnership with Tokio Marine aren't precisely defined, instead relying on the good faith dealings and reputation of the Japanese insurance giant, Berkshire ...
Independent Agents Can Get Appointed to Sell Root Auto Insurance in One Day
Although InsurTech Root has talked more about embedded partners than agents in the years since announcing it would add an independent agency distribution channel, the car insurer has been working to ...
Executive View: AI Strategy in Insurance Requires Plug-and-Play Operating Model
The insurance industry is entering a phase of artificial intelligence (AI) adoption where the primary constraint is no longer capability. Most core use cases, including submission intake, ...
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency
Marsh aims to be an "AI winner" through growth, productivity and efficiency gains, according to John Doyle, president and CEO of the broker and risk adviser. "[W]e see AI as a powerful accelerator ...