Advertisement

http://insurancethoughtleadership.com/wp-content/uploads/2014/04/bg-h1.png

Facebooktwitterredditpinterestlinkedinmail

December 15, 2020

Six Things Newsletter | December 15, 2020

Summary:

In this week's Six Things, Paul Carroll provides a recap of the recent Global Insurance Forum Insurtech Panel, where industry leaders provided their views on the next wave of insurtech. Plus, innovating our way out of a crisis; ecosystem-based business models; and more.

Photo Courtesy of

The Next Wave of Insurtech

Paul Carroll, Editor-in-Chief of ITL

At the recent International Insurance Society annual meeting, panelists laid out some provocative thoughts on insurtech, saying that the first wave is ending and describing the outlines of the second wave that has already begun to form.

The key takeaways: 1) The industry is focusing too much on what panelists called “the shiny objects,” like artificial intelligence, and not enough on the issues that really matter to customers and to corporate bottom lines; and 2) incumbents will bear much of the responsibility for whatever success the second wave has, depending on how well they retool their mindsets and their processes to absorb the steady stream of innovations that smaller players will provide.

The best image: the mullet. That’s how Jamie Yoder, president of Snapsheet, characterized innovation in insurance to date. “There has been so much attention paid to the front end [basically, sales],” he said, “but there’s a huge opportunity to clean up the back.”…  continue reading >

SIX THINGS

2021: The Great Reset in Insurance
by Stephen Applebaum

A shift toward greater corporate and social responsibility and empathy in general is underway, and 2021 will bring a great global reset.

Read More

Innovating Our Way Out of a Crisis
by Michael Byrne

Any requirement, process, delay or regulatory cost that does not serve insurer solvency or consumer protection should be on the table for retirement.

Read More

Ecosystem-Based Business Models
by Gaston Messineo

More insurers now see ecosystems as an effective, flexible and capital-efficient way to grow the business and promote customer-centricity.

Read More

3 Must-Haves for a Self-Service Portal
by Yaroslav Kuflinski

A hybrid approach to customer service appears to be the most appropriate strategy, smartly balancing self-service and human support.

Read More

Free Insurance Data You’ll Need
by Matthew Grant

I’ve been building and reviewing business plans for years and come across great free resources to help me along the way. Here they are.

Read More

Time to Move Climate Risk Center-Stage
by Hélène Galy

Insurers face a steep learning curve in embedding climate risk into their enterprise risk management programs, but the climb will be worth it.

Read More

The Future of Blockchain Series
Episode 1: Usage in Personal Lines

Blockchain has incredible potential to impact traditional business functions and inspire new innovative opportunities

Learn More

GET INVOLVED

Write for Us

Our authors are what set
Insurance Thought Leadership apart.
Get Started

Partner with Us

We’d love to talk to you about
how we can improve your marketing ROI.
Learn More

SPREAD THE WORD

Share Share
Share Share
Tweet Tweet
SUBSCRIBE TO SIX THINGS
description_here

About the Author

+ READ MORE about this author ...

Like this Post? Share it!

Add a Comment or Ask a Question

blog comments powered by Disqus
Do NOT follow this link or you will be banned from the site!