article thumbnail

Steps for Getting Started as an Independent Consultant

Successful Independent Consulting

Land Your First Project Dont be afraid to take the leap to solopreneurship because youre anxious about having to sell or do business development. Business development involves cultivating trusting relationships, but this takes time to build momentum. The drawback, however, is that theyll keep 25-35% of your revenue.

article thumbnail

Driverless Cars Will Change Auto Insurance. Here’s How Insurers Can Adapt

Harvard Business

There is little doubt that the widespread adoption of autonomous vehicles will have a huge impact on the automobile insurance industry. Since insuring privately owned vehicles is what the auto insurance industry has been all about, insurers have every reason to be concerned about their future growth and profitability.

Insurance 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Blockchain Could Make the Insurance Industry Much More Transparent

Harvard Business

While Edward Lloyd is largely credited with commercializing the insurance industry, with the creation of his namesake firm, Lloyd’s, over 330 years ago, the original concept of spreading risk (or “mutualizing”) goes back even further. Herein, as with all insurance, is where the concept of utmost good faith is laid bare.

Insurance 132
article thumbnail

How One Insurance Firm Learned to Create an Innovation Culture

Harvard Business

One company that’s making headway on that goal is CSAA Insurance Group (CSAA IG), one of the insurance companies affiliated with the 55 million-member American Automobile Association (AAA). With almost 4,000 employees, CSAA IG has embarked on a systemic approach to create a pervasive culture of innovation. .”

Insurance 134
article thumbnail

Your Complete Guide to Subcontracting as an Independent Consultant

Successful Independent Consulting

strategy development, market research, transformation initiatives). Based on their input, heres a list of agencies and platforms for you to consider. Traditional Agencies Business Talent Group (BTG) : Known for high-impact, strategic projects that often require senior-level expertise (e.g.,

Cash Flow 195
article thumbnail

Can Insurance Companies Incentivize Their Customers to Be Healthier?

Harvard Business

The behavioral biases play out in a simple paradox: People overconsume health care but underconsume prevention, and insurers or taxpayers are left with the bill. Of all industries, insurance has a unique opportunity to align its commercial interests with preventive behaviors. The result is a structural transformation of insurance.

Insurance 124
article thumbnail

How the Insurance Industry Can Push Us to Prepare for Climate Change

Harvard Business

It might seem, then, that private insurance can be of little help in addressing climate change. There’s concern that for-profit insurers won’t want to insure risky properties, and that individuals won’t have the wherewithal to buy insurance plans in the first place. Dating back to at least F.

Insurance 131