Posted on May 4, 2015 by AccentureINS
A stark choice confronts insurers: embrace and help define the new order, or eke out an existence while clinging to an increasingly underwhelming value proposition. You might think we are overstating the crisis, but several self-evident truths demonstrate that this really is the case:
The concept of pooling and underwriting could be viewed as an obsolescing one.
We have more and more evidence tha . . .
Posted on May 4, 2015 by Michael Costonis
The Accenture 2014 CMO Insights Survey identified three differences between high- and low-performing insurers. In this Insurance Chart of the Week, we discuss how digital mastery can help high performers harness their potential.
High-growth insurers see the value of analytics and digital channels
Digital channels and technologies are proving pivotal to how an entire insurance organization compete . . .
Posted on May 1, 2015 by John Cusano
Over the past few weeks we’ve discussed the five trends transforming insurance and how insurers can use them to their advantage. Today we’ll examine the overriding message to carriers on how they can deliver on the promise of digital.
What has become crystal-clear is that the industry is changing at a rapid rate—not at the edges, but fundamentally. And it’s digital, in all its different guises, th . . .
Posted on April 30, 2015 by AccentureINS
In the insurance industry, we’re currently witnessing the birth of a new era of digital ecosystems. Insurers are combining their industry expertise with the power of digital technology to reshape their markets, fundamentally changing how they think about their businesses and mastering the shift from “me” to “we.”
Our Technology Vision for 2015 reveals how insurers are redefining their role in the . . .
Posted on April 30, 2015 by Eva Dewor
I’ll wrap up my series about the Accenture 2015 Compliance Risk Study by outlining how compliance should become a force for positive disruption in insurance carriers. According to the study, 77 percent of insurance respondents agree that the compliance function’s ability to predict and avoid reputation and financial crime can be a driver of competitive advantage.
Over the years we have seen compli . . .