Six Things Newsletter | August 17, 2021

In this week's Six Things, Paul Carroll looks at Amazon's insurance play. Plus, the recipe for embedded insurance; dynamic markets need dynamic rates; collective response to data resiliency; and more.

In this week's Six Things, Paul Carroll looks at Amazon's insurance play. Plus, the recipe for embedded insurance; dynamic markets need dynamic rates; collective response to data resiliency; and more.

What Amazon’s Insurance Play Means

Paul Carroll, Editor-in-Chief of ITL

I’ve waited for years now to see how insurance might fit with Jeff Bezos’ quote that “your margin is my opportunity.” Amazon’s announcement last week that it will help sellers find product liability insurance through a network facilitated by Marsh may provide the answer.

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SIX THINGS

The Recipe for Embedded Insurance
by Denise Garth

With embedded distribution, the insurer recognizes that insurance is just one task in the customer’s "job" and makes the buying process easy.

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Dynamic Markets Need Dynamic Rates
by Dror Pockard

Insurers can use dynamic systems to create and deploy new rating structures attuned to market conditions and consumer needs.

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Collective Response to Data Resiliency
by Glen Shok

Collective action will shield all organizations from infection and mitigate the damage of ransomware on the global economic landscape.

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Tech Pulse Quickens for Commercial Lines
by Mark Breading

It was almost as if someone flipped a switch on Jan. 1, and commercial lines insurance companies began accelerating technology plans.

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COI Is a 4-Letter Word; Tech Is the Solution
by Wade Millward

Certificates of insurance are broken. Processes must be transformed to provide the confidence clients deserve in the COIs they need to operate.

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Why SaaS Is Key in Core Systems
by Jonathan Boylan

To fully leverage cloud technology, decision-makers must understand the nuances of cloud-agnostic software models and SaaS platforms.

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Digital Revolution Reaches Underwriting

by Intellect SEEC

Underwriting is evolving toward a service that will help clients prevent losses, rather than merely indemnifying clients afterward.

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AUGUST FOCUS: Cognitive Technologies
This month sponsored by Intellect SEEC

Cognitive computing is a funny beast. Every time you hit your target, you find that another pops up off in the distance.

When I first saw a demonstration of speech recognition, some 30 years ago, I was mightily impressed that the computer understood a few words. If I had seen what would be possible today, I’d have been stunned. But now? Oh, that’s just Siri or Alexa. And why didn’t auto-correct guess exactly what I wanted to say?

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Insurance Thought Leadership

Insurance Thought Leadership (ITL) delivers engaging, informative articles from our global network of thought leaders and decision makers. Their insights are transforming the insurance and risk management marketplace through knowledge sharing, big ideas on a wide variety of topics, and lessons learned through real-life applications of innovative technology.

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