Blog

Discover articles, reports, market insights, interviews and more across the hottest insurance topics today.

three people sitting at a table sharing notes on a paper next to a laptop computer

The Future of InsurTech: Trends and Leadership Challenges

The insurance industry, traditionally known for its slow pace and conservative approach, is experiencing a significant transformation with the rise of InsurTech. This convergence of technology and insurance is driving innovation and modernization, paving the way for a more efficient and customer-centric industry.
Read More >
professional man and woman looking at digital screen

A Comprehensive Data Strategy for Small Insurance Companies

In today's digital age, data is the new oil. Small and medium-sized insurance companies can thrive or merely survive based on how effectively they harness data. This article explores the opportunities and strategies for these companies to build a comprehensive data strategy. We will delve into various aspects, from data fragmentation to advanced analytics, and provide a roadmap for leveraging data to achieve business objectives.
Read More >

Is Nearshore the Future of IT Solutions in Insurance?

Nearshore IT solutions are revolutionizing the insurance industry by offering significant cost savings and enhanced operational efficiency. By outsourcing IT services to nearby countries within the same time zones, U.S. insurance companies can achieve seamless communication and collaboration. This approach balances cost-efficiency, cultural alignment, and access to a skilled talent pool, providing an advantage over traditional onshore and offshore models.
Read More >

7 Signs You’ve Found a Consultant Who’s a True Business Partner

While many consultants offer insights and strategies, only a true business partner will drive meaningful, sustainable change in your organization. Therefore, knowing how to identify a consultant who will be a genuine partner, rather than just a service provider, is crucial for achieving your long-term business goals. Equally important, though, is understanding your role as a client in fostering this partnership. 
Read More >
person looking at laptop with graphs with data utilization

Data Utilization in Insurance: Unlocking Competitive Advantage

Data is vital in the insurance industry, influencing everything from pricing and underwriting to claims processing. However, despite having access to vast amounts of data, deriving actionable insights remains challenging. Real competitive advantage is gained by leveraging data to create new services, such as preventative measures that minimize losses and enhance resilience.
Read More >

The Hidden Drivers of Rising Insurance Costs: Legal Battles and Litigation Abuse

Insurance rates continue to rise, and it is not just due to the televised inflation we see on the news. Another factor increasing rates is driven by legal systems with nuclear verdicts and, often, what many refer to as ‘litigation abuse’ which increases the costs and time to settle a claim.
Read More >

The Ever-Expanding Role of Operations

Organizations differ in their approaches to operational leadership. No longer are insurance COOs solely focused on underwriting, claims, billing and keeping the lights on. They have evolved into thought partners with wide-ranging responsibilities and an ever-growing backlog of strategic projects.
Read More >

A Two-Way Street: Underwriting Authority Matchmaking

Carriers continuously seek competitive advantage through specialized programs and entry into niche markets. On the other side, the insurtech boom has sprouted countless sophisticated firms seeking to fill that gap by means of obtaining underwriting authority, ie. MGAs.
Read More >

Why Generation X is Poised as the Most Experienced Leaders

In the ever-evolving landscape of the workforce, each generation brings its unique set of strengths, challenges, and leadership styles. Among these, Generation X (born approximately between 1965 and 1980) stands out as arguably the most experienced and adaptable leaders of our time.
Read More >

Leveraging Design Thinking to Spark Innovation in Insurance

The insurance industry faces mounting challenges. Market saturation has triggered cutthroat competition and slowed growth. Changing consumer behaviors and expectations demand new engagement models aligned with digital-first preferences. Legacy systems and convoluted processes obstruct responsiveness and reduce service quality.
Read More >

Join our newsletter

Subscribe to our newsletter to receive news and insights. 

Free e-book

5 key lessons in modernization

FiveM has extensive experience advising leaders on modernization initiatives, resulting in valuable insights and “The Five Key Lessons” for digital transformation.