We are facing an epidemic that is only going to get worse – the scourge of cyber and telephone based scams against individuals and businesses. Scammers are becoming so sophisticated that it is difficult for even the most educated and tech savvy individuals to avoid being conned.
The journey, over time, of the insurance Managing General Agent (MGA) is an interesting one. In their original manifestation in the late 1800s/early 1900s, MGAs were a way for east-coast insurers to get their products west, without having to commit their own resources – clearly a valuable business model.
If you feel like insurance is changing faster every day, you’re not alone. According to our most recent research, published in 2017 Insurance Technology Priorities and Spending, 37% of insurers reported that the pace of change is keeping them up at night.
The insurance industry is in transition, no doubt about it. So much is happening regarding digital strategies, InsurTech, customer expectations, analytics, and other areas that are positioning the industry for a new future. Despite all the activity, IT budgets for P&C and L&A insurers in North America this year appear...
The insurance industry is on a collision course. Like the 1933 science fiction novel of the same name, a small number of individuals with insight recognize this fact and are preparing for a new and different future, while many others are blissfully unaware of the impending danger.
A good number of prognosticators are loudly heralding the end of auto insurance and the insurers that rely on this income stream – due to the arrival of autonomous vehicles. While there is no doubt that auto insurance will change over time due to autonomous vehicles, the doomsday folks paint...
With last week’s announcement that Insurity has acquired Valen Analytics, the core and analytics landscape has changed again. We have been tracking M&A activity and outside investments in the core systems space for some time, and the past year has seen a marked trend toward the acquisition of data and...
Convergence is emerging as the key theme for 2017. As insurers continue major initiatives, launch new ones, and respond to the external forces acting on the industry, the strategies are increasingly overlapping and becoming mutually dependent. On one hand, traditional challenges and related strategies are not going away.
I don’t like bridges – particularly, those high bridges with long expanses. Crossing a bridge makes my stomach do flip flops, I hear the blood rushing in my ears, and from time to time, I see little dots dancing before my eyes.
For every object you can think of that we use in our daily lives, there is probably a smart version of it already available or in the process of development: that is one of my conclusions from CES2017.