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.
Navigating Economic Headwinds: The Strategic Move for Insurers to Add Commercial Business
Changing economic conditions creates new facts. Consumers are spending less. Insurance cover cancellations are rising.
Insurers confront a crucial decision – stay within familiar territories, compete over a shrinking pool of premiums, or venture into new domains. This article serves as a practical primer, showing insurance company decision-makers the terrain they would navigate if they considered expanding into InsurTech.
Blockchain in Insurtech: A New Era of Security and Transparency
Many of the most attention-grabbing sectors of recent years have lived with the mantra of moving fast and breaking things. Social media in the mid-2000s. Sharing economy platforms like Uber in the 2010s. After some initial chaos, amazing consumer products tend to emerge.
Other industries move slowly. Rather than chaos, there is inertia. And the consumer suffers through complexity, cost, and red tape. Healthcare is the poster child for this.
Unleashing the Full Potential of Salesforce in the Insurance Space
Many insurance companies who’ve implemented Salesforce are leaving value on the table. If you’re an insurance company already leveraging Salesforce or considering doing so, there’s no doubt you’re aware of the game-changing capabilities the platform offers, especially in the financial services arena.
The Rise of Agency Creation: A Prudent Alternative for Insurance and Private Equity Capital Deployment
In a world characterized by ever-changing risk dynamics, especially in the property and liability markets, insurance carriers and private equity firms find themselves at the crossroads. The challenge of determining where to invest capital without taking on significant underwriting risk is real and daunting.
The Critical Need for Insurance Companies to Re-evaluate Their Software Stack for Cost Optimization
In the wave of tech modernization, several industries hopped on the bandwagon to remain competitive and to deliver better services. Among them, the insurance sector was no exception.
