Six Things Newsletter | November 23, 2021

In this week's Six Things Paul Carroll discusses, do you need a ‘Digital Twin’? Plus, the future of insurance is preventive; digital distribution with a personal touch; navigating the vaccine mandate; and more.

Insurance Thought Leadership

November 23, 2021

Do You Need a ‘Digital Twin’?

Paul Carroll, Editor-in-Chief of ITL

It’s become fashionable to talk about how companies need to build a “digital twin” — essentially, an incredibly detailed digital model of the business so they can simulate a range of possible moves and see the results before deciding what to implement in the physical world.

Should you go along with the fashion?

The simple answer is: Yes. And no.

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SIX THINGS

Future of Insurance Is Preventive
by Guy Attar

Insurers could use artificial intelligence to identify risks and prevent losses from happening. Why don’t they?

6 Ways to Transform Customer Experience
by Amir Farid

While agents have been leery, they are finding they can thrive in a new world where technology truly complements their offering.

Global Insurance Forum Experts Series

Sponsored by International Insurance Society

Over this six-part series, hear from industry leaders about building an innovation culture, leveraging data for success, and more.

Read More

Navigating the Vaccine Mandate
by Kimberly George and Mark Walls

OSHA's vaccine mandate leaves employers facing a complex compliance challenge.

Virtual Captives: The Best of Both Worlds
by Grant Maxwell

If a captive is not an option, a virtual captive offers an innovative combination of a classic insurance product with those of risk financing.

Open Banking APIs: A New Growth Engine
by Maarten Bakker

The logical next step for bancassurance is to play a role within new digital ecosystems based on open APIs.

Digital Distribution With Personal Touch
by Denise Garth

In most “retail” industries, customer digital enablement is just a matter of “give them what they want.” But insurance requires more nuance.

Read More

After Finding Success in Ohio, Beam Dental is All Smiles

MORE FROM ITL

November Focus: Telematics

In all my years covering all manner of technology, telematics may have caught me off-guard the most. When I first wrote about Progressive’s auto telematics program, Snapshot, in 1998, it seemed like a slam dunk. Of course, it made sense to monitor how people drove and to price their insurance accordingly.

Or not.

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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.

We also connect our network of authors and readers in ways that help them uncover opportunities and that lead to innovation and strategic advantage.