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December 30, 2020

Six Things Newsletter | December 29, 2020

Summary:

We are delighted to share these examples of cutting-edge thinking, from among the most-read pieces published in 2020.

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In Six Things at the beginning of this year, I joked that it should be dubbed “Hindsight,” because hindsight is 20/20. (Yes, I’m aware that I’m hardly the only one to come up with that little chuckle.) Now that 2020 — the longest, strangest year of my life — is finally headed into the books, we have some actual hindsight, and I’m delighted to share these examples of cutting-edge thinking, from among the most-read pieces that we published this year. 
 
I hope they continue to provide food for thought as we get set for a year in which we should be able to consolidate the hard-earned gains in innovation and efficiency that 2020 forced us to make — and even accelerate them.
 
In the meantime, I wish you all a joyous (and safe) holiday season.
 
Cheers, 
Paul  

TOP OF 2020

4 Post-COVID-19 Trends for Insurers
by Roger Peverelli and Reggy De Feniks

It’s not all gloom and doom. A crisis usually functions as a great breeding ground for innovation.

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The End of Auto Insurance
by Denise Garth

The greatest threat may be auto insurers’ continued 100-plus-year-old view of auto insurance as a policy transaction.

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Blockchain in Insurance: 3 Use Cases
by Ivan Kot

Many blockchain insurance projects are lingering at the proof of concept stage, but three trailblazing applications are emerging.

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9 Months on: COVID and Workers’ Comp
by Kimberly George and Mark Walls

Does COVID open the door for future infectious disease coverage under workers’ comp? Likely, yes.

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Should Insurers Use Amazon Model?
by Barry Rabkin

The short answer is: No. Insurance is very different from the business of Amazon (and Netflix) and must be approached differently.

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Why Traditional Insurance Won’t Work
by Tal Daskal

With the sudden shift to remote-only interactions, insurers can no longer dictate the speed of their transformations.

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6 Megatrends Shaping Life Insurance
by Ed Majkowski and Nicole Michaels

The life insurance and retirement market is set for profound change in the next decade.

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How Insurers Are Applying AI
by Tiffany Wang and Jeff Goldberg

Insurers should not invest in technology-driven projects; instead, look for use-case-driven projects.

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Why Work-From-Home Threatens Innovation
by Stephen Applebaum

Non-insurance competitors such as Amazon, Google, Tesla, Comcast, General Motors and many others are not standing still, and neither should insurers.

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The Next Wave of Insurtech
by Paul Carroll

Innovation will focus less on bells and whistles and more on improvements across entire processes and organizations. But incumbents must start preparing.

Read More

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