P&C Personal Lines Insurers Focus on Transformational Initiatives
Transformation in the property/casualty personal lines segment has been underway for some time as insurers position for success in the digital age. SMA has been tracking and supporting this transformation over the last decade and now observes an important shift in strategy.
How Amazon and Netflix Solved the Digital Challenges That Insurers Face Today
What insurers face now, digital giants like Amazon and Netflix faced when they moved to operate exclusively in the digital marketplace … transactions increasingly shifting to digital ... operations impacted by an unprecedented wave of automation.
Paper Checks – Here Today, Gone Tomorrow?
Insurers are becoming more digitally-based, data-driven organizations that are investing in the customer experience to address the new expectations of today’s consumer. But at the same time, there are always some old habits that die hard – habits that need to change but somehow remain the same.
2019 Commercial Lines Strategies: Stepping Up to The Plate
Given that this blog is coming out in January, a baseball reference in the title might seem a wee bit out-of-season. Should it be a football reference? Perhaps. But SMA’s recent report, 2019 Strategic Initiatives: P&C Commercial Lines, is future focused.
Is the InsurTech Wave Hitting a Riptide?
Has the InsurTech wave hit a riptide? At Strategy Meets Action, we think it has.
CES2019 Recap: Six Themes for Insurers to Consider
4,500 exhibitors ... 185,000 attendees ... 2.75 million square feet of exhibit space ... hundreds of sessions. That’s CES2019 in a nutshell. The range of technologies and products displayed each year is staggering, making it clear that innovation is in high gear around the world.
Data is the Name of the Game at CES2019 … But How Will That Play Out for Insurance?
CES, which once centered on Consumers and Electronics (per its name), now extends far beyond consumers and focuses much more on software and data than on the electronics and hardware. To be sure, it still all comes together in physical devices, and elements like engineering and design are vitally important.
In 2019, AI Will Step Out of the Headlines and Into Practical Solutions
For 2018, SMA’s prediction was that AI was going to be the dominant headline. And in fact, that was the case. Virtually every entity that has a place in the insurance industry found a discussion thread around AI.
In 2019, We will Expect More of the “New” in Insurance
The insurance industry is in the midst of a renaissance with new types of activities and developments around every corner. There are new entrants, new partnerships, new business models, new investments, and new products being revealed to the market on a daily basis.
2019 Will Be the Year of the Agile Mandate
In 2018, insurers transformed in many ways, with wide spread progress being made in the areas of innovation. We have seen a collaborative mindset resulting in the conjoinment of the rich expertise of incumbent technology with the speed and agility associated with InsurTechs.
