The Cyber Insurance Market Needs More Money
Harvard Business
MARCH 10, 2022
Securities could help give insurers the breathing room they need to keep growing — and meet customers’ mounting needs.
Blockchain Could Make the Insurance Industry Much More Transparent
Harvard Business
JULY 12, 2017
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.
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Disrupting Finance
Harvard Business
MAY 29, 2019
Citigroup leading analyst Ronit Ghose, Lemonade Insurance founder and CEO Daniel Schreiber, and OakNorth Bank founder and CEO Rishi Khosla discuss the new possibilities that AI offers the finance industry. Those who manage to use this emerging technology to reduce friction for customers will win.
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Your Complete Guide to Subcontracting as an Independent Consultant
Successful Independent Consulting
JANUARY 28, 2025
On-Demand by RGP : Specializes in operational and implementation support; projects tend to be longer-term roles focusing on functional expertise like accounting, finance, HR, IT, and supply chain. Traditional Agencies Business Talent Group (BTG) : Known for high-impact, strategic projects that often require senior-level expertise (e.g.,
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How the Insurance Industry Can Push Us to Prepare for Climate Change
Harvard Business
AUGUST 28, 2017
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.
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Effective Manufacturing Operations Management in 2024
Epicflow
AUGUST 30, 2024
Supply chain management aims to regulate the flow of materials, information, and finances across the entire supply chain. The purpose of inventory management is to make sure that the right material resources are available when needed, minimize storage costs, and reduce the risk of stockouts. Supply chain management. Maintenance management.
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Why Are Companies Sitting on Cash Right Now?
Harvard Business
FEBRUARY 5, 2024
But new research suggests it’s also a form of insurance, especially for smaller firms. Many companies sit on piles of cash, even when rates of return suggest they shouldn’t. Researchers have pointed to multiple reasons, including flexibility for M&A and tax advantages.
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Disrupting Finance
Harvard Business
MAY 29, 2019
Citigroup leading analyst Ronit Ghose, Lemonade Insurance founder and CEO Daniel Schreiber, and OakNorth Bank founder and CEO Rishi Khosla discuss the new possibilities that AI offers the finance industry. Those who manage to use this emerging technology to reduce friction for customers will win.
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Finance Can Be a Noble Profession (Yes, Really)
Harvard Business
JULY 17, 2017
When I ask students graduating from Harvard Business School what they’re doing next, I often get some version of “I’m going into finance but…” Then they quickly explain that finance is just a way station on the route to nobler goals. And it is truly fascinating.
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Self-Employed? Prep for Tax Season to Save Big
Successful Independent Consulting
MARCH 4, 2017
Standard business-owner tax deductions include deducting your home office and a portion of your utilities; parking, tolls, and mileage to and from business meetings; books and subscriptions; office supplies, shipping, and postage; retirement contributions, and probably even health insurance premiums on your personal tax return.
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Management Consulting versus Investment Banking
Management Consulted
DECEMBER 16, 2008
The cons of investment banking – the long hours, the repetitive and unengaging nature of the work, the lack of non-finance exit opportunities – mattered far more to me than a 6-figure salary. This expertise may be as broad as “operations turnaround” and as specific as “benchmarking for insurance companies.”
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How the Financial World Adapts to Climate Change
Tom Spencer
OCTOBER 16, 2021
Knowing the ins and outs of upcoming trends in finance is indispensable for any aspiring consultant. A prime example for such a question is how finance is adapting to the issue of climate change, and might assist its mitigation. Green Finance. For instance, the payout might increase with the wind speed recorded for a hurricane.
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Oliver Wyman interview preparation: the inside story
Management Consulted
AUGUST 1, 2013
Now a subsidiary of Marsh & McLennan, Oliver Wyman is known to give MMC its strong reputation as experts over other insurance providers because of the firm’s focus on strategy. Burrows, Marsh & McLennan began in Chicago in 1905 and became the world’s largest insurance agency. Corporate and Finance and Advisory.
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Liquidity Insurance
MishTalk
JANUARY 23, 2014
Nick Nelson, an equity strategist at UBS, said: “ Chief executives and chief financial officers have been battle-scarred by 2008-09, when they couldn’t get financing when they wanted it. Cash Cow Capex Thesis vs. Liquidity Insurance Thesis Nick Nelson has it correct. Cash is just not going to be used for the way Deloitte suggests.
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Example Companies Involved with Behavioral Economics
Steve Shu Consulting
JULY 1, 2018
Lemonade: Lemonade Renters & Home Insurance | Protect The Stuff You Love. Voya: Behavioral Finance | Voya For Professionals. Geisinger: Research Director, Applied Behavioral Insights @ Geisinger. Google: Behavioral Insights at Google. Ipsos: Behavioral Science Principles for Better Digital Advertising. NEST: [link].
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How Blockchain Is Changing Finance
Harvard Business
MARCH 1, 2017
Given the promise and peril of such a disruptive technology, many firms in the financial industry, from banks and insurers to audit and professional service firms, are investing in blockchain solutions. The unstoppable force of blockchain technology is barreling down on the infrastructure of modern finance. Insight Center.
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My Behavioral Science, Design, and Business Book Reading List
Steve Shu Consulting
JULY 4, 2015
Psychology, Behavioral Economics and Finance. Insurance & Behavioral Economics (Kunreuther, Pauly, and McMorrow). Perhaps you’ll find something of here of interest to you for your weekend read. I am also open to getting more book recommendations. Drunk Tank Pink (Alter). Predictably Irrational (Ariely). Blink (Gladwell).
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China Faces "Minsky Moment" on Ponzi Financing
MishTalk
MARCH 21, 2014
Inquiring minds are tuning into a report on the Ponzi finance setup in China. Our analysis indicates that China’s economy has arrived at that unstable state where speculative and Ponzi finance appear to dominate. Most assume China can grow at 7% a year, a notion that I have challenged on many occasions. Morgan Stanley agrees.
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From Lab to C-Suite: The Future of Life Sciences Consulting
Tom Spencer
JANUARY 31, 2025
This involves undertaking market sizing, cost structure analysis, and interviews with key stakeholders such as healthcare workers, insurance companies, and patients. Olivia Tan is a biochemistry student at Imperial College London with prior experience in business, consulting, and finance. How to break into life sciences consulting?
Why CEO’s Hire Consultants and Coaches: The REAL Value They Bring with Brad Rex
Consulting Matters
APRIL 13, 2023
Brad had an unconventional start to his career after meeting his boss's boss while studying finance at college. During his twelve-and-a-half-year tenure, he worked in finance and strategic planning before taking over as leader of Epcot theme park on the week of 911, 2001.
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How Leading Companies Build the Workforces They Need to Stay Ahead
Harvard Business
SEPTEMBER 6, 2017
Take insurance, for example. In years past, an important source of competitive advantage for insurers was the ability to price risk better than rivals. And a new ecosystem of finance, insurance, energy, infotainment and maintenance services has emerged based on the data-driven, app economy.
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The GOP’s Wellness Bill Would Give Employers Too Much Power
Harvard Business
MARCH 15, 2017
For example, if an employee costs $5,000 to insure and a family costs $10,000, the 30% cap on penalties increases from $1,500 to $3,000. ADA and GINA, which prohibit use of genetic and family history information for hiring, firing, or underwriting insurance coverage, would no longer apply to wellness programs.
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The Most Desirable Employee Benefits
Harvard Business
FEBRUARY 15, 2017
A new survey conducted by my team at Fractl found that, after health insurance, employees place the highest value on benefits that are relatively low-cost to employers, such as flexible hours, more paid vacation time, and work-from-home options. But what should a business do if it can’t afford Google-sized benefits?
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Creating Value in Insurance M&A
BCG
MAY 2, 2016
This article is based on “Influencing Outcomes in a Consolidating Insurance Industry: Three Keys to Value Creation,” by Pia Tischhauser, published in January 2016 in The Geneva Association’s Insurance and Finance Newsletter. Although not quite at the stage of mania, mergers have been sweeping the global insurance industry.
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40 Using Cartoons to Get Attention in Emails
The Fearless Marketer
APRIL 15, 2019
Here’s the opening of an email to executives in the Insurance Industry interested in increasing sales: We’ve all seen this opera a thousand times: Yes, insurance salespeople have been the victim of vicious stereotypes. This opening relies on the stereotype of the obnoxious insurance salesperson.
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88 How Companies Are Already Using AI
Harvard Business
APRIL 14, 2017
For example, our survey, which asked managers of 13 functions, from sales and marketing to procurement and finance, to indicate whether their departments were using AI in 63 core areas, found AI was used most frequently in detecting and fending off computer security intrusions in the IT department. bribes and kickbacks).
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How To Pitch A Disruptive Business Plan
Tom Spencer
DECEMBER 9, 2017
The Maintech Summit at the Frankfurt School of Finance and Management (co-sponsored by Excon , a local start up instigator) is the first real academic-based “shark-tank” environment for disruptive start-ups in Frankfurt. The concept of medical cannabis covered under health insurance has just become law in Germany. Have a Story to Tell.
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121 Is This the Hospital That Will Finally Push the Expensive U.S. Health Care System to Innovate?
Harvard Business
JUNE 22, 2018
HCCI outsourced back-office operations — human resources, accounting, finance, medical transcription, radiology — to low-cost but high-skilled employees in India. Even with zero copays and deductibles and free travel for the patient and a chaperone for 1-2 weeks, insurers would save a lot of money. health care.
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135 Why consulting?
Management Consulted
OCTOBER 3, 2012
There I advised only insurance companies’ business models – it is a different type of consulting, yet invariably an enriching learning experience. When I started out in the program, I quickly realized I was never cut out for finance or accounting. Then I applied for a graduate program in Finance and got the admission.
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Small and Young Businesses Are Especially Vulnerable to Extreme Weather
Harvard Business
NOVEMBER 23, 2016
Almost one third of the firms negatively affected by the storm had no insurance of any Consistent with our predictions, young firms and small businesses insured at much lower rates. Firms applied for credit to finance recovery. Here are some initial priorities for small businesses, insurers, and public policymakers.
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Marketing Analytics Can Improve the Customer Experience - SPONSOR CONTENT FROM GOOGLE ANALYTICS 360 SUITE
Harvard Business
AUGUST 9, 2016
Every department within an organization touches the customer at some point: Customer purchase data determines which color product sells best so they know where to increase production, and finance can forecast earnings based on purchase patterns.
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109 Why Life Insurers and Asset Managers Must Join Forces to Win
BCG
DECEMBER 15, 2016
Article Thursday, December 15, 2016 Life insurers are feeling the squeeze. In their efforts to adapt to this upside-down world, life insurers are focusing on optimizing their investment strategies and operations. The industry’s overall business growth has stalled, and investment income has become a critical mainstay.
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40 The Fundamentals of Leadership Still Haven’t Changed
Harvard Business
NOVEMBER 7, 2018
The challenge, she said, was that these managers were highly proficient in their own disciplines such as finance, marketing, research, clinical care, and insurance reimbursement — and had demonstrated that they could manage people in these areas — but she needed them to be “bigger” leaders.
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The Far Reaching Impact of Blockchain
Tom Spencer
JANUARY 7, 2017
Blockchain technology has been applied in the finance industry in the payments space. However the technology has many other uses – starting with the ability to better monetize alternative energy to the digitisation of insurance contracts. Image Sources: Blockchain Technologies , Bits on blocks ).
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The Corona Virus for Small Businesses
Consultant Journal
MARCH 5, 2020
Consider arranging financing ahead of time, as part of business continuity preparations. If you haven’t already, you may want to look into business continuity plans and insurance. Take a look at your cash flow and what a change to sales or staffing could do.
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What Workers and Companies Should Know About the Republican Tax Bills
Harvard Business
DECEMBER 11, 2017
And because the corporate proposals lose revenue, it’s impossible to fully assess this part of the legislation without considering how those cuts would eventually be financed. The Congressional Budget Office estimates that it would also substantially increase the number of people without health insurance coverage.). (The
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109 Biometrics Won’t Solve Our Data-Security Crisis
Harvard Business
DECEMBER 6, 2017
When cross referenced with data purchased from a third-party finance app that knows the same individual’s payment card spending habits at the local bar, suddenly you can see the value of behavioral biometrics to the liquor, beer, and wine industry. It could be a powerful tool to root out identity thieves.
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Top 10 Consulting Firms in Boston
Management Consulted
JULY 2, 2017
The industry focus in Boston is on Financial Services, Wealth & Asset Management, Banking & Capital Markets, Insurance, Technology, Life Sciences & Health, and Private Equity. has its headquarters in Boston, MA – the company provides expertise in economics, finance, health care analytics, and strategy to top law firms.
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The Transformative Power of AI in Business
Tom Spencer
JUNE 9, 2023
For example, in industries like finance and accounting, AI-powered systems can process invoices, perform data entry tasks, and generate financial reports with minimal human intervention. Robotic Process Automation (RPA) is becoming widely adopted to automate manual processes, reduce errors, and increase efficiency.
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Why Doctors Need Leadership Training
Harvard Business
OCTOBER 17, 2018
Despite this lack of focused attention toward development of leadership capabilities in trainees, evidence suggests that leadership quality affects patients, healthcare system outcomes, and finances alike. A second, separate set of necessary skills deals with systems literacy.
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132 Obamacare Fraud Free-For-All Now Underway; "ObamaMarket" Enrollment Starts October 1
MishTalk
SEPTEMBER 11, 2013
Finance Exchange says Obamacare Could Be a Fraudsters’ Free-For-All. Have any idea where to find a health insurance exchange? they need insurance, and help enroll them in Obamacare if necessary. You may be eligible to get quality health insurance through the Health Insurance Marketplace. ObamaMarket Insurance.
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Lots of Employees Get Misclassified as Contractors. Here’s Why It Matters
Harvard Business
JULY 5, 2017
Lacking capital, truckers purchased new vehicles through financing provided by these very same trucking companies. For starters, a person who should be considered an employee but is misclassified as an independent contractor does not contribute to unemployment insurance or workers compensation.
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Target Drops Healthcare Coverage for Part-Time Workers, Claims No Reduction in Hours; Thank Your Employer?
MishTalk
JANUARY 22, 2014
Effective April 1, Target to Drop Health Insurance for Part-Time Workers. The Affordable Care Act created new government-run health insurance exchanges to sell coverage to uninsured people, often with premiums discounted by federal subsidies. Finance says You May Want to Thank Your Employer. percent of their income.
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68 When Will the U.S. Finally Act Boldly on Paid Family Leave?
Harvard Business
AUGUST 13, 2018
But one proposal — the Family and Medical Insurance Leave (FAMILY) Act , a bill introduced last February whose primary sponsor was Senator Kirsten Gillibrand, Democrat of New York — would be a major step forward. None of them would provide what I think is adequate: six months of paid leave per parent.
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