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New Technologies in the Insurance Landscape (Part 3 – Cloud)

Tom Spencer

For this reason, any reticence the insurance industry showed early on has been replaced with a holistic embrace of trusted cloud platforms. Cloud in the Insurance Sector. Implementing cloud technology into the insurance industry is a positive step towards building a digital insurance landscape. Final Note.

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Health Economics Part II – Insurance

Tom Spencer

In this post, I will go beyond a general interpretation of demand and give you an in-depth overview of a specific and expensive issue: the rising cost of public liability insurance. Public liability insurance (PLI) is an interesting and important topic because its costs are far-ranging and complex.

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New Technologies in the Insurance Landscape (Part 2 – Blockchain)

Tom Spencer

Insurance industry observers, for their part, believe that the innovative distributed ledger could introduce a variety of improvements and efficiencies to the insurance landscape, and have the following four applications: Fraud detection. Peer-to-peer insurance. Peer-to-Peer Insurance. Identity management.

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Consultant Ninja: Dipping my toe in the health care debate.

Consultant Ninja

I fail to see the logic that the government will be more efficient at building operational structures than the private sector. overlapping administration costs of insurance companies; advertising costs of new drugs) and decrease the quality of delivery (e.g. the ability for insurers to deny insured individuals healthcare).

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It’s Not “Time Management.” It’s Lean.

Markovitz Consulting

Cleveland Clinic, as well as the IT department at Nationwide Insurance, use a tiered huddle system to drive problem solving down to the lowest possible level and reduce the need for firefighting. But the reduction in office hours can be the stimulus for creative thinking about how to increase productivity and efficiency.

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The Transformative Power of AI in Business

Tom Spencer

More Efficient Operations AI enables businesses to automate repetitive and time-consuming tasks, freeing up human resources to focus on more complex and strategic activities. Robotic Process Automation (RPA) is becoming widely adopted to automate manual processes, reduce errors, and increase efficiency.

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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.