insurance innovation News
VIDEO: Experts Urge InsurTech-Like ‘Outside-In’ Thinking From Insurers
Are you using your vehicle to transport people? That's just one of the "archaic questions" that insurers might be still be asking, Chetan Kandhari, Chief Innovation and Digital Officer for ...
Potential Industry Disrupter: Insurance-as-a-Service
How do property/casualty insurers and brokers stack up against other industries in terms of innovation? In short, they aren't sprinting anywhere as fast as "innovation natives" in the high-tech and ...
InsurTechs vs. Incumbents: Trends to Watch
Panelists speaking at a recent Carrier Management Virtual Roundtable agreed that InsurTechs are sprinting ahead of insurance industry incumbents on the innovation spectrum but said that investments ...
A Carrier Management Special Event: Is Insurance Innovation Overrated?
Leaders working in property/casualty insurance and reinsurance agree that innovation is a business imperative for their firms, but each define the term slightly differently, and they say metrics to ...
Insurance Industry Ripe for Human-Centered Innovation
The key to innovation in the insurance industry is "outside-in" thinking, according to an executive from Nationwide, who uses the term to reinforce the idea that customer-centric mindsets are the ...
Betting on Breakthrough Innovation: Shoot for the Moon
While it is often easier for P/C insurance and reinsurance executives to rally around incremental innovations, in order to really transform their organizations they need to fund some moonshots, ...
Insurers Will Gain by Innovating for the Internet of Things
The steady advance of the internet of things (IoT) presents a huge number of opportunities for insurers – as well as threats, according to a digest published by Efma*. The rise in connected homes, ...
How Progressive, Assurant and Others Innovated Their Innovation Processes
While culture is the central ingredient in the innovation recipes of most property/casualty insurers, strategy games and idea labs are among the more novel approaches P/C leaders describe when asked ...