Going Digital

There were many loud-enough-to-be-heard, innovative voices calling for new business models at 'Insurance Disrupted' in Silicon Valley.

Many companies merely replicate a UBI policy in the market so they can claim to be up to speed, but they miss huge opportunities.

Three articles, one memory and one invoice show that the speed of change in insurance is far faster than most want to accept.

A line from Hemingway's The Sun Also Rises summarizes how disruption generally occurs, but a checklist of five items can provide some warning.

The tools can improve communication between insurers and agents, removing problems holding the industry back for decades.

Some talk as those change has gone from zero to 60 (or 600) in no time flat, but my 37 years have seen a steady evolution.

Most ask "why" or "why not" to incorporate new technologies into products. Shift the question to "how," and you'll make better choices.