Image Our New Era of 'Global Boiling' Faced with what the U.N. has labeled "global boiling," insurers need to greatly accelerate two incipient, data-related initiatives.
The Sad Truth About Insurance Technology By Rory Yates Why, after spending hundreds of billions of dollars on new technology, can't insurers adapt to the demands being placed on them?
Insurance in 2030: What Does the Future Hold? By Marie Carr In an increasingly fractured world, insurers have to cover a greater array and frequency of intensifying risks.
Image A New Business Model for Insurers The traditional "repair and replace" model is being challenged by one that uses sensors to "predict and prevent" losses from ever happening in the first place.
Bringing Innovation From Australia to U.S. By Greg Oslan Severe environmental threats, together with Australia’s regulatory landscape, have catalyzed insurers to adopt new technology quickly.
'Digital Twins': The Race Is On By Roger Arnemann The concept is widely adopted in manufacturing and supply chain. Insurers that integrate digital twins will significantly out-compete rivals.
Few Homeowners Prepare for Weather Risks By The Insurance Information Institute Many homeowners lack even the most basic preventative measures, unaware of the risks they face, according to a new survey by Triple-I.
Could Insurance Reduce Gun Violence? By Divya Sangameshwar 75% of Americans say gun owners should have to carry liability insurance, which could encourage more care on handling and storage.
Changing Expectations on Mobile Payments By Julie Schieni 41% of millennials with insurance purchased it with their mobile device, and other generations are moving in that direction, too.
6 Words to Focus Your AI Innovation Strategy By Chunka Mui Is it time for insurers to go big on ChatGPT? The short answer is no. The right approach is: Think Big, Start Small and Learn Fast.
Continuous Improvement Comes to Insurance By Tom Bobrowski Process intelligence tools let operations leaders “see” digital products being built, enabling use of statistical process control techniques.
The Experience/Efficiency Paradox By Rory Yates Insurers must move from the manufacturing era (efficiency through administrative scale) to the ecosystem era (maximizing the value of a relationship).