For Sales Signs Soar in Florida Due to Hurricanes, Floods, Insurance
MishTalk
OCTOBER 2, 2024
Many Florida homeowners are throwing in the towel on coastal living due to multiple hurricanes and insurance costs. It's a similar setup in California.
Insurance Related Topics 
Health Economics Part II – Insurance
Tom Spencer
JUNE 22, 2019
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 3 – Cloud)
Tom Spencer
DECEMBER 1, 2018
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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New Technologies in the Insurance Landscape (Part 2 – Blockchain)
Tom Spencer
OCTOBER 20, 2018
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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New Technologies in the Insurance Landscape (Part 1 – Artificial Intelligence)
Tom Spencer
OCTOBER 6, 2018
Digital disruption is touching every aspect of the consumer market, including the insurance industry. Traditionally, the insurance industry has lagged behind other sectors in the shift into digital technologies, its business model proving to be remarkably resilient. Artificial Intelligence.
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Generating Value While Transforming Insurers’ Legacy Technology
BCG
DECEMBER 8, 2016
For insurers that are considering a digital transformation of their business, technology is at the heart of the endeavor. Forward-looking insurers first need to alter their approach. See, for example, “Digitizing Customer Journeys and the New Insurance IT Model,” BCG article, August 2016.) Article Thursday, December 08, 2016.
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Obamacare Design Objective - Force those with insurance onto the exchange
Consultant Ninja
NOVEMBER 14, 2013
The individual market health care exchanges are set up to, in part, enable the the (non-medicaid) poor, sick, and uninsured to get affordable insurance. But for this risk pool to work, you need a bunch of people who can pay insurance and aren''t that sick. Namely, the 10-15M people who are paying for individual plans today.
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124 Building a Digital Technology Foundation in Insurance
BCG
AUGUST 29, 2016
Insurers today face a host of digital to-dos if they want to stay competitive—much less gain an advantage on their peers. It can also necessitate a fundamental overhaul of core insurance systems to digitize end-to-end customer journeys and automate decision making in basic functions such as underwriting and claims handling.
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Future Workplace Insurance 2025
Cheryl Cran
JULY 4, 2019
Many industries including insurance are adapting quickly to the many changes impacting the future workplace insurance 2025. AI, automation, robotics, changing worker attitudes are quickly impacting the future of insurance. The post Future Workplace Insurance 2025 appeared first on NextMapping.
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Negotiating Lower Hospital Prices as a Self-Insured Employer
Harvard Business
MAY 3, 2022
disclosure rules will give employers greater visibility into rates negotiated by big insurance companies.
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45 Who Will Insure Self-Driving Cars?
Strategy+Business
FEBRUARY 5, 2017
The first sector to be disrupted by connected-car technologies could be auto insurance. The overall safety improvements ushered in by self-driving technology will affect the insurance business long before fully autonomous vehicles reach the mainstream. Only a few of today's auto insurance businesses may survive.
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Motor Insurance 2.0
BCG
OCTOBER 13, 2016
Auto insurers are basking in a false sense of security, seemingly oblivious to the impending decline in market size and the threat of new entrants. Insurers must adapt. Article Thursday, October 13, 2016. In light of the combined threat of these dynamics, incremental change is not an option.
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Driverless Cars Will Change Auto Insurance. Here’s How Insurers Can Adapt
Harvard Business
DECEMBER 5, 2017
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.
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Should Your Independent Contractors Have Cyber Insurance?
MBO Partners
JANUARY 21, 2019
Cyber insurance helps protect your company from costly data breaches not covered by general or professional liability insurance. Learn the benefits of cyber insurance, what it protects, and why you should consider it if your company engages independent contractors.
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The Insurance Industry Needs an Intervention
Strategy+Business
JUNE 17, 2018
Before attempting to execute new strategies, insurance companies need to reevaluate every dimension of their operating model. Here are some recommendations.
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Liquidity Insurance
MishTalk
JANUARY 23, 2014
Cash Cow Capex Thesis vs. Liquidity Insurance Thesis Nick Nelson has it correct. Much of the cash on hand is nothing but insurance against the same thing happening again. Nonetheless, the cash does provide cheap liquidity insurance against a credit crunch. Cash is just not going to be used for the way Deloitte suggests.
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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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IMC CHOOSES AON TO EXCLUSIVELY ADMINSTER PROFESSIONAL LIAIBILITY INSURANCE TO ITS MEMBERS
IMC USA
JANUARY 20, 2011
PROFESSIONAL LIAIBILITY INSURANCE TO ITS MEMBERS. January 15, 2011) – Affinity Insurance Services, Inc. , a subsidiary of Aon , along with the Institute of Management Consultants (IMC), announced today that Aon will be the exclusive administrator of its Professional Liability insurance program to IMC’s members. HATBORO, Penn.
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100 Insurance Claim Adjusters Replaced by “IBM Watson Explorer”
MishTalk
JANUARY 3, 2017
Fukoku Mutual Life Insurance in Japan is about to replace claim adjusters with a software robot from IBM. Manufacturing jobs have already been decimated by robots. White collar workers are next in line. more…).
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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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Listening to What Chinese Consumers Say About Insurers
BCG
MAY 4, 2016
When Chinese life and auto insurers set their agendas, they should think about how to make their brands more trustworthy, their products and services simpler, and their claims processing faster and more transparent. Their answers provide a map of where insurers can look to gain an advantage. Article Friday, May 06, 2016.
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Opportunities Open Up in Chinese Private Health Insurance
BCG
AUGUST 21, 2016
Yue, a 38-year-old mother in Beijing, knows all about the limitations of health insurance in China. Her public insurance allows her to go to public hospitals to get routine care, but those hospitals are crowded and confusing to navigate. Focus Monday, August 22, 2016. After two days, her son’s condition improved.
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How the Financial World Adapts to Climate Change
Tom Spencer
OCTOBER 16, 2021
As the frequency of natural disasters increase, insurance companies are starting to include climate science and the projection of environmental hazards into actuarial assessments, thereby moving away from the traditional reliance on historical data. Though the insured firm risks losing more than the payout, the advantage is speed and ease.
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How Digital Switchers Are Disrupting US Auto Insurers
BCG
JULY 26, 2016
Infographic Tuesday, July 26, 2016 A growing wave of digitally adept US auto insurance consumers, already 20% of the $180 billion market, is undermining customer lifetime values by switching insurers more frequently while using more channels, increasing costs to serve, and being more open to alternative providers, a BCG survey shows.
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40 Digital Disruption in the US Small-Business Insurance Market
BCG
APRIL 7, 2016
Insurers know that many small businesses in the US—those with up to 30 workers—will eventually buy insurance directly online. What insurers don’t appreciate is how fast this shift is likely to happen. See the exhibit, “Digital Underwriting Is Taking Off in the US Small-Business Insurance Market.”)
CX Snapshot: Health Insurance
1 to 1
MARCH 18, 2019
As consumers take more control of their healthcare decisions, insurance companies are catching up to other industries in how they interact with members and deliver customer experiences. So what is the state of CX among health insurance firms? health insurers, where we assessed channel experience and overall service.
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Digitizing Customer Journeys and the New Insurance IT Model
BCG
AUGUST 18, 2016
One Monday morning, as he rides the bus to work from his new apartment in the city’s Wilmersdorf section, where the family moved over the weekend, Rolf downloads his insurance company’s mobile app and updates his account information. Rolf, age 32, lives in Berlin with his wife and their infant daughter, who is approaching her first birthday.
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40 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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40 How One Insurance Firm Learned to Create an Innovation Culture
Harvard Business
AUGUST 15, 2017
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.
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44 The Insurance Industry Needs an Intervention
Strategy+Business
JUNE 17, 2018
Before attempting to execute new strategies, insurance companies need to reevaluate every dimension of their operating model. Here are some recommendations.
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London Insurers Excel at Home but Struggle in Emerging Markets
BCG
MAY 9, 2017
Though solid performance in the fast-growing North American market and in the UK has buoyed London Market insurers, they must improve in emerging markets, reinsurance, workforce diversity, and innovation. Article Tuesday, May 09, 2017.
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Video: The Bizarre Reason Your Health Insurance Plan Was Cancelled
MishTalk
SEPTEMBER 22, 2014
Link if video does not play: Why Your Plan Was Cancelled: Health Insurance and the Affordable Care Act. What reason might insurers have to cancel plans? There are lots of reasons why your health care plan may have been cancelled but this one is arguably the most bizarre. I am automatically skeptical of such videos and articles.
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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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Insurance 101: How to Decode Business Insurance and its Value to Independent Professionals
MBO Partners
MARCH 28, 2018
Learn the benefits of small business insurance and how to decode what the terms in your policy mean.
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Riders in Alphabet’s Waymo Cars Will Now Be Insured
Harvard Business
DECEMBER 21, 2017
a venture-backed insurance startup, to provide some reassurance against unexpected events for riders who will be testing its upcoming autonomous shuttle service. Trov is pioneering a cutting-edge approach to insurance that’s ideal for ride-sharing because it’s customized for every trip. Alphabet Inc.’s
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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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100 What is Home-Based Business Insurance?
MBO Partners
MARCH 28, 2017
Insurance for home-based businesses can help provide essential liability, equipment, and legal protection that is not included in standard homeowners or renters policies.
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28 Managing Health Insurance as an Independent Contractor
MBO Partners
FEBRUARY 6, 2018
Navigating health insurance as an independent professional can be daunting. Here's what you need to know about individual and group coverage options.
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28 French Farmers Upset Over Falling Prices, Torch Tax and Insurance Offices, Dump Produce
MishTalk
SEPTEMBER 20, 2014
French vegetable farmers protesting against falling living standards have set fire to tax and insurance offices in town of Morlaix, in Brittany. About 100 farmers first launched an overnight attack on an insurance office outside Morlaix, which they set light to and completely destroyed, officials said.
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How PURE Insurance Built a Customer-Obsessed Business
1 to 1
JULY 24, 2014
PURE insurance is using its customer-obsessed business model to stand out in the insurance industry. Since its start in 2006, PURE has grown more than 40 percent each year, and has one of the highest Net Promoter Scores in any industry. There’s more… To read the rest of this blog posting click here or visit www.1to1Media.com/weblog.
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EU Deposit Insurance, a Bank Crisis in Italy and Greece, and the Coming Ban on Cash
MishTalk
JULY 31, 2017
Today let’s investigate the EU’s deposit insurance scheme with the likely result being a ban on cash. Last week we investigated nonperforming EU loans and an EU proposal to freeze accounts if a run on a bank starts. more…).
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