Innovation in Insurance: Expanding Focus and Growing Momentum
With today’s fast pace of change, innovation is no longer a nice-to-have initiative, but rather a must-have strategic, core mandate that is defining a new era for insurance – and separating future winners and losers. Today, it is not any one thing that is creating change, but it is the...
Is Price Optimization Really a Dirty Word?
There seems to be a lot of misperception about what price optimization really is, largely driven by publicized assumptions that it will only serve the best interests of the company and hurt the consumer. Basically, price optimization boils down to applying analytics to available information in order to develop more...
Made in China
The dawn of a new industry and the Next-Gen Insurer is unfolding, influenced by levers of change from within and outside the industry, accelerated by an explosion of data and new technologies, and fueled by innovation.
Big Data Takes Off in Insurance
Big data is undoubtedly one of the hottest topics in business and technology today. Everywhere you turn there are discussions about the potential of big data and analytics to transform businesses and whole industries. SMA’s new research report, Big Data in Insurance: Insurer Priorities, Projects, and Investment Plans for 2014...
Big Data in Insurance: Emerging Trends in Organization and Technology
In today’s fast-paced, fast-changing digital business landscape, big data is increasingly placed at the forefront in this new digital world due to the explosion of data coming from a wide array of technologies, solutions, and mobile devices.
The Shifting Competitive Landscape: A New Breed of Industry Challengers
Historically, the insurance industry has assessed its competition by looking at those companies within the industry that directly compete and sell in the same market segments, offer similar products, use the same distribution channels, or have similar market size.
To Digitize or To Digitalize - That is the Question
Just like the opening lines of Hamlet's famous soliloquy in Shakespeare's play of the same name, "To be or not to be, that is the question," another question is being asked in that familiar way about the terms digitize vs. digitalize.