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Blockchain in Insurance: Promise for the Future

November 18 2016 | Mark Breading

Blockchain is a revolutionary technology that could fundamentally change the way business is conducted and result in the restructuring of major industries. At least that is the view of some prognosticators. Others believe that there are important implications for the technology, but that it will not be truly disruptive.

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Next-Gen Strategies: Bridges That Withstand the Test of Time

November 09 2016 | Karen Furtado

The strategic bridges that insurers need to build to get them from today to tomorrow was a major theme of the 2016 SMA Annual Summit in September. For inspiration, we discussed real-life bridges that had stood the test of time and those that had not been successful.

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Why Agent Connectivity is a Tipping Point for Commercial Lines Insurers

November 01 2016 | Karen Pauli

It is no secret to commercial lines insurers that the market is hyper-competitive and has been so for years. There is very little to suggest that this is going to change.  But there are other changes afoot, as evidenced by the new entrants, from the ranks of both traditional insurers...

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Five Scary Reasons Why Insurers Should Not Delay Enterprise BI and Data Warehouse Decisions

October 28 2016 | Karen Pauli

It is Halloween time, and it seems appropriate to blog about something thematic. Among other things, Halloween conjures up visions of scary things. Usually, the word “scary” isn’t used to describe insurance writings, but there is a twist on one important question that can be as frightening as things that...

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A-OK at the GIA: Observations from InsurTech Week in Des Moines

October 24 2016 | Mark Breading

InsurTech Week 2016 hosted by the Global Insurance Accelerator in Des Moines has just come to a close. It was a great experience to be a mentor to startups and engage in the bootcamp environment. And it is quite interesting to see the energy, excitement, new ideas, and investment in...

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InsurTech and MatureTech: Blending the New with the Old

October 10 2016 | Mark Breading

The InsurTech phenomenon reached new heights at the InsureTech Connect 2016 event in Las Vegas in October.  Over 1600 attendees spent two days absorbing new ideas, connecting, and making follow up plans to explore working together.

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The 2016 SMA Innovation in Action Awards: How Can Solution Providers Contribute to the Success of the Next-Gen Insurer?

October 06 2016 | Karen Furtado

SMA has announced the winners of the 2016 SMA Innovation in Action Awards for Solution Providers. The awards were presented to four solution providers for offering innovative solutions or services that enable insurers to make real progress in their transformation journeys toward becoming Next-Gen Insurers.

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Our Autonomous Future: Lessons from the Tesla and Hoboken Crashes

October 03 2016 | Mark Breading

Last week brought the tragic news of another train crash – this one at the Hoboken train station in New Jersey. If anyone missed the coverage, one person was killed and over 100 were injured as the train rammed through the station bumpers at high speed, causing the roof to...

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The 2016 SMA Innovation in Action Awards: What Does a Next-Gen Insurer Look Like?

September 27 2016 | Karen Furtado

SMA has announced the winners of the 2016 SMA Innovation in Action Awards for Insurers, recognizing four insurers whose ground-breaking projects and initiatives enable them to advance on their transformation journeys toward becoming Next-Gen Insurers.

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The New Digital Ecosystems: Not Your Father’s Insurance Industry

September 22 2016 | Mark Breading

If there were any doubts that the insurance industry is innovating and transforming, all doubts were dispelled at the 2016 SMA Summit. Insurer after insurer described innovative new business models, products, and uses of emerging technologies.

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