As management guru Peter Drucker once said, "The best way to predict the future is to create it."
To onboard for genuine, long-term results: Deemphasize the process and paperwork that is the normal (less-than-warm) welcome to a new job. Focus on connections, contribution and career development.
Given the ubiquitous importance of technology, it’s all the more curious that most insurance organizations give short shrift to succession planning for the critical position of CIO.
While investment in rapid-growth markets will continue to be vital for global insurance firms, outsized returns will not come easily. Strategies must be tailored to particular economies and their cultures.
To reduce your risk, you must begin with an assessment of all of your hiring practices.
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The Hon. David M. Walker is a former comptroller general of the U.S. and head of the U.S. Government Accountability Office (GAO). He is the honorary chairman of and senior adviser to Marketcore.com, Inc. Dave has more than 40 years of experience in the public, private and nonprofit sectors. He has led organizations in all three sectors of the economy and has a proven track record of achieving positive transformational change. + SEE ALL - articles by this author ...
David Wagner serves as a senior manager at Wipfli. With more than 30 years of experience in the Property & Casualty insurance business, he helps insurance company clients develop their visions into strategy and their strategy into action. David has worked for insurance companies in their IT groups, as a software vendor, and as a consultant, giving him a unique perspective when helping clients use technology to improve their businesses. David says, "I’m pleased to be an Insurance Thought Leadership contributor on technology topics. I want to provide value, be relevant, and have a little fun in the process." + SEE ALL - articles by this author ...
Fay Feeney is a trusted adviser to corporate boards, directors and executives on emerging business trends that optimize strategy. She provides strategic insights on how to connect to real time information whether found on LinkedIn, Twitter, YouTube or Google. Fay brings her extensive SH&E, risk management and human resource expertise to this exciting and important area for business. + SEE ALL - articles by this author ...
David Axene started Axene Health Partners in 2003 after a successful career at Ernst & Young and Milliman & Robertson. He is an internationally recognized health consultant and is recognized as a strategist and thought leader in the insurance industry. He earned an MS Degree in Applied Mathematics from the University of Washington and a BS degree in Physics and Engineering from Seattle Pacific University. + SEE ALL - articles by this author ...
Mike Manes owns Square One Consulting and is on the board for the LSU Healtcare Network. His experience runs the gamut of everything from insurance agency production, milliary service, speaking engagements, and professorship to his board positions. Mr. Manes received his bachelor of arts in political science from the University of Southwestern Louisiana. He later became an honorary doctor of letters from the National College of Natural Medicine. + SEE ALL - articles by this author ...
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By offering its operating systems and software for free, Google has slowly eroded Microsoft's ability to charge for its products. To stay relevant, Microsoft may be forced to completely change its business model.
Windows: Cheap or free?
While the ongoing decline of traditional Windows-based PCs has largely been characterized as a byproduct of Apple's meteoric rise, in truth, the real culprit has been Google's Android. Shipping on the vast majority of both smartphones and tablets, Google's mobile operating system has slowly eaten away at the demand for Microsoft's Windows.
Erik Brynjolfsson, MIT professor, and Chunka Mui, co-author of The New Killer Apps: How Large Companies Can Out-Innovate Start-Ups, discuss the technology behind self-driving cars and consider economic implications of their use on insurance, infrastructure, gas efficiency and urban planning.
Reinsurance specialist Guy Carpenter & Co. recently launched a satellite-based catastrophe evaluation service, GC CAT-VIEWSM, which it is already using to provide clients affected by the recent UK floods with initial insured loss estimates.
Guy Carpenter said that it has been able to analyze detailed imagery of the areas affected by the recent UK floods to map the flood extent and help insurers identify which policies have been affected.
“Previously, establishing a reliable flood extent would have taken a considerable amount of time and required significant expense to compile and verify the necessary data,”said Vic Jenkins, from the newly created International Strategic Advisory team and head of Analytics for UK, MENA and South Africa at Guy Carpenter.
There is a long-standing belief in business that people performance follows the Bell Curve (also called the Normal Distribution). This belief has been embedded in many business practices: performance appraisals, compensation models, and even how we get graded in school. (Remember “grading by the curve?”)
Research shows that this statistical model, while easy to understand, does not accurately reflect the way people perform. As a result, HR departments and business leaders inadvertently create agonizing problems with employee performance and happiness.
The news that Alibaba will come to the US on the back of 11 Main could be important for sites like Amazon and eBay. A huge company with serious retail cache, Alibaba could make its presence felt in the US quite quickly.
The 11 Main launch is part of a broader international expansion on Alibaba's part. The company, which has yet to go public but reportedly has plans to do so, is believed to be expanding its efforts internationally to drum up more support for a future IPO.
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