Going Digital

Although smaller carriers may not have the desired resources, they can move faster than larger organizations on certain initiatives.

Most corporate and specialty insurers initially dismissed insurtech. That was then, and now is now.

What if there was insurance specifically for gig workers that provided them some of the security and stability of full-time workers?

Insurers that can provide an ecosystem of sensors, monitoring and risk reduction will find businesses are highly receptive.

NIH is one of those surprising features of the innovation landscape – the situation where an organization rejects a new idea offered from outside.

Industry leaders are starting to leave behind the “fast-follower” mentality, reallocating investments to customer-centricity and differentiation.

Startups like Lemonade, Slice, Zhong An, Haven Life, Bought by Many and Neos are embarking on Digital Insurance 2.0 business models.

The elephant in the room is legacy: legacy thinking, legacy processes and, most definitely, legacy systems. The answer is "digital decoupling."