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.
How to Pay Less Tax as an Independent Consultant
Successful Independent Consulting
FEBRUARY 28, 2025
Health insurance premiums Although expensive, your premiums for health and dental insurance are tax-deductible when youre self-employed. Business insurance The amount you pay to protect your business from liability is tax-deductible, but a personal umbrella policy is not. Much more info below!)
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Steps for Getting Started as an Independent Consultant
Successful Independent Consulting
DECEMBER 28, 2024
Contrary to what you might think, going to market as a jack-of-all-trades usually backfires. Subcontracting is straightforward because the agency or platform usually sets the rate, carries the insurance, and handles the contracting and billing. This is key for getting referrals. and 3 to get a range of rates.
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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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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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Your Complete Guide to Subcontracting as an Independent Consultant
Successful Independent Consulting
JANUARY 28, 2025
strategy development, market research, transformation initiatives). Here's how to tap into this market: Find the Right Firms Start with internet searches that combine your area of expertise and location (e.g., boutique firms digital marketing Atlanta"). Look for firms that complement your skillset and industry experience.
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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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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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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.
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Effective Manufacturing Operations Management in 2024
Epicflow
AUGUST 30, 2024
This practice increases supply chain efficiency, makes it cost-effective and responsive to market changes. With fewer defects, you can deliver better-quality products to the market, while the increased efficiency provides more time for research and development to meet changing customer demands. Maintenance management.
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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?
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Marketing Analytics Can Improve the Customer Experience - SPONSOR CONTENT FROM GOOGLE ANALYTICS 360 SUITE
Harvard Business
AUGUST 9, 2016
Read more from Google Analytics 360 Suite: Rethinking Marketing Measurement from the Ground Up. 3 Ways Marketing Organizations Can Make Data More Actionable. Marketing can look at this data and decide to test a hypothesis: Is that color product selling best because it’s in an image featured on the homepage?
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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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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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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
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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.
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Repealing Obamacare Would Be Bad News for the Gig Economy
Harvard Business
FEBRUARY 13, 2017
The ACA is critical to the continued growth of the gig economy because it separates the ability to obtain health insurance from the need to hold a traditional full-time job. Requiring workers to hold a full-time job in order to obtain health insurance makes little sense in today’s dynamic economy.
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124 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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How U.S. Law Needs to Change to Support the Self-Employed and Gig Economy
Harvard Business
JULY 23, 2018
If we were designing a labor market from scratch today, it’s unlikely we’d create one that rewards only full-time employees. If we were designing a labor market today, we’d create a system that supports everyone who works. Extend Health Insurance Tax Breaks to Everyone Who Works. Yet, in the U.S.
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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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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.
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From Lab to C-Suite: The Future of Life Sciences Consulting
Tom Spencer
JANUARY 31, 2025
The global life sciences consulting market is expected to grow by around 10% per year from 2024 to 2029. Within life sciences consulting, there are a wide range of project types, including product lifecycle management, new product development, market entry strategies, mergers & acquisitions, and regulatory compliance.
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.
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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.
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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?
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How to Figure Out Your Consulting Bill Rate
Successful Independent Consulting
APRIL 2, 2018
You need to consider the real and perceived value of your services, expertise, and experience, as well as geography and market conditions. Market conditions and competition — Are there a lot of consultants who do what you do? Client’s industry — Who is your target market? Type of experience — Where did you learn your craft?
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199 3 Business Models That Could Bring Million-Dollar Cures to Everyone
Harvard Business
NOVEMBER 12, 2018
” As this first wave of genetic treatments hits the market, industry leaders face a stark choice. As the use of these expensive drugs grows, there seems to be no way traditional insurance models will be able to pay for them without breaking the bank or requiring patients to assume a big chunk of the cost. Insight Center.
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128 How Leading Companies Build the Workforces They Need to Stay Ahead
Harvard Business
SEPTEMBER 6, 2017
New innovations will change the basis of competition in many markets and alter the sources of advantage for most companies. Take insurance, for example. In years past, an important source of competitive advantage for insurers was the ability to price risk better than rivals. Most companies have been slow to react.
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Quote Your Consulting Billing Rate with Confidence
Successful Independent Consulting
SEPTEMBER 16, 2017
Figure out your market rate. This is your market rate. If you plan to work for different types of companies, consider coming up with two rate scales ("market pricing") — one for large companies and one for small. So if the agency paid you $125 per hour, the client probably paid $155 to $175. Don’t discount.
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Building a Direct-to-Consumer Strategy Without Alienating Your Distributors
Harvard Business
DECEMBER 14, 2018
Your chosen Porsche is delivered to your house with insurance and maintenance as well as unlimited miles and flips to other models included. Microsoft was able to do so largely due to its monopolization of the desktop operating system market. market for personal computers. Minimize Pain.
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Tesla’s Strong Brand Gives It Unusual Expansion Potential
Harvard Business
MAY 15, 2019
Its move into car insurance could be just the beginning.
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132 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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How To Pitch A Disruptive Business Plan
Tom Spencer
DECEMBER 9, 2017
Blocksource , the team who won this year’s competition (MedPayRx tied for second place), also pitched a blockchain-based business model – although focusing on a different market niche. The concept of medical cannabis covered under health insurance has just become law in Germany. Justify Your Product-Market Fit. Blockchain 2.0
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What Legal Business Structure Do Consultants Need?
Successful Independent Consulting
JANUARY 14, 2017
We live in an extremely litigious society and need to consider asset protection; this is why business insurance is also an important consideration. Also, be sure to factor in personal and business insurance. Not only how much or how little you pay but also the ease or complexity of preparing your taxes. as part of your business name.
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Examples of Organizations Who Have Top Business Training Programs
Clarity Consultants
SEPTEMBER 18, 2017
They develop market-leading insurance software that works together to enhance insurers ability to respond to industry changes and empower customers, agents, and employees. Employees of Edelman say that it is a great place to work with great opportunities for advancement and professional development.
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165 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.
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88 How Medicare Advantage Insurers Can Turn the Compliance Function into a Competitive Edge
Strategy+Business
JANUARY 7, 2018
The expected increase of growth and profitability in this highly regulated market will heighten the focus on regulatory compliance. Insurers that hope to thrive in this market must take proactive measures to turn the compliance function into a competitive edge.
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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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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.
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88 Setting Up a Foundation for Consulting Success
Successful Independent Consulting
MAY 15, 2017
If you can, pay your health insurance with this same card since it too will be tax deductible. Use this credit card for as many expenses as you can, including recurring expenses like your cell phone and internet service and health insurance. Determine if you need business insurance or need to increase your personal coverage.
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150 Supplementing Your Pipeline with Consulting Agencies
Successful Independent Consulting
OCTOBER 5, 2017
Some agencies provide access to group health insurance plans, a plus in the U.S. It may be worth doing one project just to get access to better health insurance rates, but I’m not sure how good the rates are or if they offset the first disadvantage listed below. How do they go to market? Of course, they charge for this.
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The Most Desirable Employee Benefits
Harvard Business
FEBRUARY 15, 2017
In today’s hiring market, a generous benefits package is essential for attracting and retaining top talent. Better health, dental, and vision insurance topped the list, with 88% of respondents saying that they would give this benefit “some consideration” (34%) or “heavy consideration” (54%) when choosing a job.
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Will Personalized Medicine Mean Higher Costs for Consumers?
Harvard Business
MARCH 1, 2018
copays and coinsurance) that insurers require patients to pay. A growing body of research says that insurers raise out-of-pocket costs in part to avoid sick enrollees. Insurance markets are failing to deliver. This flies in the face of how insurance should work. Insurance exists primarily for large losses.
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71 3 Kinds of Jobs That Will Thrive as Automation Advances
Harvard Business
AUGUST 21, 2018
And it’s not just low skilled, manual labor that’s at risk — “knowledge” work like operational analytics and marketing is also being taken over by sophisticated artificial intelligence algorithms. How Technology Is Reshaping Markets. So, what’s the result?
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