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.
Health Economics Part II – Insurance
Tom Spencer
JUNE 22, 2019
In part one of my series about health economics I gave an overview of the drivers of demand in the medical care market. 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.
Insurance 
60
60 Join 55,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
US Market Entry Challenges That Require Overcoming
Business Consulting Agency
OCTOBER 1, 2024
Entering the US market offers immense opportunities for businesses worldwide, yet the journey is often complex. The market’s size and diversity bring numerous challenges that companies must overcome to establish a strong foothold. Here, we’ll examine the main challenges of entering the US market and explore ways to overcome them.
Marketing 52
52 
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.
Insurance 68
68 
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.
Insurance 60
60 
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.
Insurance 60
60 
Figuring Out Your Billing Rate as an Independent Consultant
Successful Independent Consulting
OCTOBER 27, 2023
They don’t know to add a hefty margin to cover things like self-employment tax, business expenses, health insurance, and nonbillable time spent on business administration. Use these sites even if you just left your corporate job because it’s possible your cost-of-living increases didn’t keep up with the market price for your expertise.
Consulting 393
393 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. No surprise.
Insurance 124
124 
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.”)
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.
Insurance 70
70 
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.
Insurance 40
40 
US Business Guide for Foreign Companies Entering the US Market
Business Consulting Agency
JANUARY 31, 2024
Expanding business operations into the lucrative and dynamic United States market is a strategic move that can yield significant rewards for foreign companies and investment groups. Get started with this US business guide for foreign companies, entering the US market. If more assistance is required, talk to a business consultant.
Marketing 52
52 
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.
Insurance 40
40 
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.
Insurance 39
39 
Liquidity Insurance
MishTalk
JANUARY 23, 2014
per cent in the 12 months to October, according to Factset, a market data company that compiles a consensus of analysts’ forecasts. 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.
Insurance 66
66 
Understanding Business Startup Costs
Business Consulting Agency
JULY 12, 2024
Marketing and Advertising Marketing and advertising are vital for attracting customers and building brand awareness. Initial marketing efforts can be quite costly, with expenses ranging from $500 to $5,000 or more per month, particularly during the launch phase. Costs vary based on the studio’s location and scale.
Insurance 52
52 
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.
Insurance 40
40 
How the Financial World Adapts to Climate Change
Tom Spencer
OCTOBER 16, 2021
The value of green bonds traded in the market is projected to skyrocket from around EUR 670 billion in 2020 to EUR 2 trillion by 2023. An interesting new set-up is parametric insurance, where payouts are based on the severity of the trigger event, not on the value of assets actually lost. Resilience Bonds.
Financial 88
88 
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.
Insurance 41
41 
How To Become a Thought Leader by Trusting Your Ideas with Dan Weedin
Consulting Matters
JANUARY 27, 2022
He has been an expert advisor to insurance and risk professionals. He has the rare ability to translate his success in the insurance industry, public speaking, non-profit world, and athletic coaching into applicable and transferable principles that dramatically improve the effectiveness of those business owners and executives he works with.
How To 156
156 
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.
Insurance 100
100 
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.
Insurance 40
40 
Consultant Marketing Name Change
Jerry Fletcher
DECEMBER 11, 2021
I came home with a newly strengthened desire to get it done and by fall proceeded to go through all the hoops to get it paid for by insurance. Jerry Fletcher is a sought-after International Speaker, a beBee ambassador, founder and CEO of Z-axis Marketing, Inc. The physical component was knee replacement surgery.
Marketing 52
52 
Consultant Marketing Assessments
Jerry Fletcher
MAY 1, 2021
” As I recall, he died one week after buying a million-dollar life insurance policy. Jerry Fletcher is a sought-after International Speaker, a beBee ambassador, founder and CEO of Z-axis Marketing, Inc. The modern assessments are easier for folks to accept being based on behavioral psychology. See Jerry’s new speaker demo reel.
Marketing 52
52 
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.
Insurance 40
40 
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. Yet that income stream is weakening, as low-risk investment yields dip toward 0% and central banks continue to drain the bond markets. As each side of the business jockeys to promote its own agenda, a life insurer can quickly lose sight of its long-term goals.
Insurance 40
40 
Wealth Management 101: The Hidden World of Private Banking
Tom Spencer
JUNE 30, 2023
The financial services industry comprises firms that operate across a range of sectors: Asset & Wealth Management, Banking & Capital Markets, and Insurance. In simple terms, asset management firms are the ‘manufacturers’ of investment products (e.g., clients can purchase iShares on the RBC Wealth platform).
Banking 78
78 
Nine Things to Think About Before Taking the Leap to Independent Consulting
Successful Independent Consulting
AUGUST 4, 2022
Supply and demand – Assess the market for your expertise to get an idea of how hard it may be to stand out from the crowd and get work. Benefits – Although health exchanges have made it possible to buy your own insurance, it’s still expensive. If you have to buy your own insurance, will you be able to afford it?
Cash Flow 195
195 
Ten Factors to Consider Before Jumping into Independent Consulting
Successful Independent Consulting
FEBRUARY 12, 2021
Supply and demand – Assess the market for your expertise to get an idea of how hard it may be to find work. Marketability – Were former bosses, colleagues or teammates sad to see you move on to a different department or project? Are you comfortable reaching out to nearly everyone you know to tell them that you’re going out on your own?
Cash Flow 370
370 
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 In April 2017,Tr?v
Insurance 28
28 
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.
Insurance 43
43 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. A Russian embargo on some Western goods - imposed over the Ukraine crisis - has blocked off one of their main export markets.
Insurance 75
75 
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? Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. So I did some digging. 156.140 Levels of coverage.
Insurance 75
75 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.
Insurance 39
39 
Healthcare Industry — The Rise of Vertical Integration
Tom Spencer
FEBRUARY 2, 2019
For example, an insurance company might take control of hospitals, primary care providers, home services, or community agencies. In early 2018, CVS Health, a provider of retail pharmacies and healthcare stores, acquired Aetna , an insurance company. Advantages & Disadvantages of Vertical Integration.
Healthcare 120
120 
Wealth Management: Building and Protecting Fortunes
Tom Spencer
APRIL 14, 2023
A client’s risk tolerance will tend to increase in proportion to their income and investment experience, and decrease inversely in proportion to their age, family or health problems, number of financial dependents, and market volatility.
Management 88
88 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. Don’t forget to have fun.
Insurance 88
88 
Dare to Ask: The Art of Negotiating a Job Offer
Tom Spencer
JULY 19, 2024
Negotiating a job offer can be a daunting task, but it is a crucial skill to master in today’s competitive job market. Conduct Market Research Before entering into negotiations, it is essential to research industry standards and the typical compensation package for similar roles in your field.
Insurance 88
88 
How Much Does Running a Consulting/Coaching Business Cost? Here's How to Figure it Out
Consulting Matters
SEPTEMBER 30, 2020
Insurance (4:47). All right, moving on to insurance. I’ve listed two types of insurance that I recommend for consulting and coaching clients. And, first of all, business insurance, the general liability, it’s just good for any business. This is really good protection for you to make sure that you are covered.
Consulting 296
296 
Marketing about power and with power
Seth Godin Blog
AUGUST 28, 2017
Often overlooked is the decision every marketer makes about how they will treat the issue of power (asymmetrical or not) in their marketing. Consider insurance. Companies like Allstate don't market themselves as the dominant force in the relationship. Insurance is here to take care of you. here's what's next."
Marketing 52
52 Why the Insurance Industry Can’t Risk Overlooking Artificial Intelligence - SPONSOR CONTENT FROM COGNIZANT
Harvard Business
NOVEMBER 22, 2016
The insurance industry has not been immune to AI’s advancement – whether implementing robo-advisors for investment management (Vanguard and Charles Schwab) or applying AI to insurance and loan underwriting (the Chinese search giant Baidu, which provides enhanced risk assessment capabilities). Assess readiness.
Insurance 28
28 
Anyone Can Succeed - Celebrating 15 Years of Consulting Success with Dan Weedin
Consulting Matters
OCTOBER 30, 2020
Dan Weedin is an author, speaker, consultant, coach, podcaster and founder of Toro Consulting , a firm that specializes in small business growth, particularly in the insurance/risk business. Dan Weedin: Well I'd been an insurance broker for pretty much all of my career. So I had been selling insurance but then I started thinking.
Consulting 296
296 
Making Unbiased Decisions
Tom Spencer
APRIL 18, 2020
Interviewer: Firm A is in the life insurance industry and looking to create different pricing for individuals within the market based on their profiles and would like your help to do so. Thirdly, competitor-based pricing, which involves looking at how much the competition is charging and the product’s relative market position.
Application Rationalization: Review, Reduce, Revive
Kraft Kennedy
OCTOBER 30, 2024
Today’s market requires new levels of cost reduction, efficiency, and productivity. Which applications are trending, or losing adoption in the market, what are peer firms using? The formal records reduce the lift required to meet documentation requirements for compliance and insurance purposes.
Software 52
52 
Let's personalize your content