Insure Think

CIOs must also reshape the technology team to nurture and grow the application of digital as a strategic asset of the business.

Effectively securing this valuable data requires a high level of diligence on behalf of carriers and their partners.

Many carriers apply data analytics and artificial intelligence to stay on top of workforce requirements.

When advancing digital capabilities in a tactical fashion, flexibility must be a core project goal.

The technology is a great case study in how the modern industry is leveraging technology.

Since CEOs are now at least asking about digital transformation, and every technology vendor now claims expertise in digital transformation, it’s time to burst a few of the myths surrounding digital transformation.

Carriers are ahead of other industries in leveraging unmanned aerial vehicle technology for some very good reasons.

As insurance professionals, it’s our duty to think like we own the company, and explore and validate every potentially innovative idea

The technology provides a valuable tool to help the business line adapt to varying consumer expectations.

Insurers should be considering an enterprise location strategy as an important element of their overall business strategy.

U.S. universities offering IT courses that cover compliance issues must change their thinking just as U.S. businesses will have to do and must now adjust curriculum to a global outlook.

Many carriers face major roadblocks when it comes to finding the right skills and talents for digital adoption.

The distributed-ledger technology promises to streamline processes like claim management, pricing transparency and actuarial management.

To thrive, insurers need systems that embrace change and transform it to business value or face potentially dire consequences.

Almost half of companies surveyed by SMA assume that tech giants like Amazon will play a significant role in selling auto and homeowners insurance.

Deals of all sizes, including XL Catlin and AXA, are informed by a the need to transform operating models across the sector.

With the ability of artificial intelligence to arrive at its own conclusions, governance over the machines is critical for the sake of business executives and customers alike.

The future is coming faster than expected, due to trends like Mecalfe's Law and Bezos's Law that are picking up speed just as Moore’s Law reaches its limitations.

Insurers need to perform due diligence to determine which platform or platforms will best facilitate their strategic objectives.

Even the best predictive analytics platforms will still need a human mind to tackle high-level analysis. Look for major changes in almost all human roles to come.

Policyholders will be making incremental changes to the car fleet, giving carriers several coverage and value-add options.

The company's heavily tested item insurance platform will finally be debuted stateside after a long, winding journey.

How can one remain true to the concept while also bringing in the technical depth and the 'flexible coupling' that come from a separate team?

Insurers are face challenges navigating GDPR and dealing with many different repositories of information, among others.

Cybersecurity regulation for carriers in the US is turning into a many-sizes, many-models scenario, with overlapping and variable regulatory requirements.

Powerful technologies get all the hype, but human and organizational factors are usually the most important in successful transformations.

A J.D. Power and Centric Digital study offers examples of top performers' best practices, like chatbots and personalization.

To make the most of what can be empowering technology, a device must be simultaneously optimized to do its job while also not exposing personal data, as they do generate a generous amount of it.

A guide to help carriers understand the rights and risks associated with big data efforts from law firm Mayer Brown.

Video-comparison algorithms and visuals can be adapted to make insurance more alluring and easy to sell.

It is relatively inexpensive for insurers to try out the technologies -- and not risk falling behind.

Leaving customers feeling satisfied requires an ecosystem of processes around digital, Forrester finds.

Rather than stifle digital transformation, limited resources can motivate any company ready to think beyond the past, willing to find partners outside traditional vendors, and eager to be agile and creative.

Artificial intelligence, real-time data and social capital can reverse the fate of individuals, families and communities.

Recently deployed capabilities find use cases for the technology in auto and marine coverage.

Customers are reporting increasing comfort with carrier’s digital initiatives, including usage-based insurance, according to o J.D. Power.

Both customer-facing and backoffice functions and tasks can benefit from robots. EY lists some common use cases.

Gains are especially being made near UC Berkeley, one of the major research universities in the Bay Area.

Many also believe the CVS-Aetna and Cigna-Express Scripts deals have a greater chance of success after a judge gave a go-ahead to AT&T-Time Warner.

Convening a group that isn't focused on insurance all the time helps elucidate pain points and opportunities the sector faces.

Skilled developers, data science and security professionals remain in high demand, putting increased pressure on organizations to offer the benefits, culture and work opportunities that will keep them on board.

Business value is being generated by many startups – and no insurer is going to walk away from that.

CSS insurance uses fast sentiment analysis on communications, helping the insurer steer customers toward the best treatment option.

Carriers in the business need to keep up with rapidly advancing customer expectations.

A report that the retail behemoth was considering selling home-insurance products sent a shockwave through the industry.

Cybersecurity regulation will not be one size fits all, meaning insurers will need to proactively respond to new laws as they emerge.

Moving applications from legacy systems to digital ones takes more than simply swapping underlying hardware or adopting cloud.

One way is to arm an integration team with an agile approach to the work

Although many insurers have developed digital roadmaps, their tech initiatives aren’t aligned and their digital channels aren’t integrated.

Here are three things insurers can do to take maximum advantage of machine learning’s potential.

The digital giant's involvement with an Indian insurtech doesn't mean it will be selling policies soon, but does give insurers something to think about.

Insurers may be holding back due to concerns over the perceived cost, a lack of technology skillset, or potential changes in personal auto risks.