disruption News
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 ...
Give Your Innovation Team Autonomy to Get the Job Done
One obvious step executives could pursue to bring innovation to their companies is to create a team to make it happen. But that's not enough. The team also needs autonomy within the main company to ...
This Year’s Global Insurance Symposium Innovators Promote Better Use of Existing Industry Products
For all the talk of technology disrupting insurance, most of the innovations unveiled at the 2018 Global Insurance Symposium were focused on helping consumers, agents, brokers and carriers make ...
Insurers, Reinsurers Are Taming InsurTech Startups to Suit Their Investment Needs: Willis Towers Watson
Traditional insurers and reinsurers played a big part in fueling InsurTech startup investment momentum in 2017. By doing so, they tamed potential rivals, turning them into a source of technology to ...
Disruption Survival Guide: Why Insurers Need to Craft Broader Business Definitions
How companies define their businesses can help determine their long-term success and even survival. Turn-of-the-previous-century buggy whip and bicycle manufacturers are often cited as examples of ...
Holiday Disruption: 400 Delta Flights Scrapped in Second Day of Atlanta Cancellations
Delta Air Lines Inc. and other carriers worked to get thousands of stranded passengers onto planes after a major electrical disruption in Atlanta crippled service at the world's busiest hub, ...
Channeling Disruption: Why Underwriters Need to Rally Around Small Biz Insurance Brokers
The role of the small business insurance broker is under assault as the rise of InsurTech disrupts the traditional insurance value chain. With more than $5 billion invested in InsurTech startups ...
Successful Innovation Happens When Old, Newer Players Collaborate
With all the pressure that insurers and other companies face now to innovate, it turns out that going it alone may be an outdated practice. Collaborations between new and veteran players are more ...