Posted on March 6, 2015 by Cindy De Armond
Keeping up with the pace of change is one of the biggest challenges facing property and casualty insurers today. In a digital age, new risks emerge rapidly and insurers must be able to keep up.
In commercial lines, for example, some insurers have moved quickly to add cyber security and financial crime coverage to standard business-owner packages. They have established actuarial standards, set pr . . .
Posted on March 6, 2015 by John Cusano
The next big thing in technology isn’t coming—it’s already here.
The Internet of Things (IoT) presents great opportunities for the global economy. Over the next several weeks, I will be blogging on Accenture’s views on the IoT, which we presented at the recent Davos conference. I will also outline ways in which insurers can take advantage of this emerging trend.
The Internet of Things—a network o . . .
Posted on March 6, 2015 by AccentureINS
Accenture’s 2014 Digital Innovation Survey reveals that the overwhelming majority of insurers believe digital technologies are changing the fundamentals of the industry. In fact, three-quarters of the respondents expect that a major transformation of the insurance value chain is coming. However, more than a third of respondents believe digital could cause carriers to lose some of their margin and . . .
Posted on March 5, 2015 by Kevin Meadows
Insurers talk a lot about attracting more high-quality talent to the industry. In particular, carriers worry about the aging of their workforces – especially in areas such as claims processing and adjusting – and the difficulties of convincing Millennials that insurance offers an interesting career path for them.
Better use of digital technologies in the recruitment process – including social med . . .
Posted on March 5, 2015 by Michelle Krause
The Internet of Things (IoT) will bring changes down the road, but for homes that change is right around the bend.
In a recent report, Business Insider predicts growth for connected home products will peak in two years. A few stats:
This year connected home products will account for $61 billion in sales. By 2019 that number could surpass $400 billion.
Also this year, connected home products will . . .