The new year is already giving us lots to talk about in the insurance industry. With the world still in the grip of COVID-19, we now have nearly two years of pandemic data to consider. But how will it be used to…
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Sustainability is an issue of global importance, with unique implications for insurers. In this series, I have been discussing the nuanced definition of sustainability for insurers in Europe and how this relates to their overall strategy and products. While concerns regarding the…
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The life insurance and annuity industry proved resilient in 2021, even in the face of COVID-19 and the delta variant. I’m encouraged by the amazing scientific breakthroughs that created and distributed new vaccines so widely, and I’m looking forward to a much…
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For many of us, ringing in the new year means setting resolutions for better health and well-being. Whether in business or our personal lives, we must consider the scenarios that may threaten or enable our success. The insurance industry is no different. This time last year the world was eager…
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Underwriting has historically been one of the most data-intensive areas of insurance. But when it comes to looking at investments and results, data and information handling for underwriting at most carriers is still disjointed and disconnected. This is underwriting’s version of the…
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Where and how we work has changed. Not surprisingly, “anywhere, everywhere” is a core trend in our recently published Insurance Technology Vision 2021. While much of this conversation revolves around what companies are currently doing (many are moving to a hybrid working…
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The holidays are upon us. As we consider all that’s happened this year and what the new year may bring, we reconnect with our families and friends both far and near. We are also reminded of the risks they face and the risks facing the planet we all share. In this final Insurance News Analysis of 2021, Abbey Compton and I reflect on COP26, which took place last…
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In the previous posts in this series, we’ve looked at what digital twins are, why insurers have been slow to adopt them and four areas where I see opportunities for digital twins to have a big impact. For insurers that recognize the…
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In the wake of COP26, sustainability has assumed it’s rightful place at the top of the corporate agenda. However, as insurers set their sustainability strategies for the coming year, it’s important to have a holistic understanding of what the term really means…
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Highlights: More than 850 institutions have participated in the Innovation in Insurance Awards since 2016. The awards are free to enter. Find a step-by-step walkthrough of the submissions process with seven tips to help you create a winning submission. Learn more about…
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Recently, there has been a seismic shift in the C-suite with most the likes of the CFO and CIO, among others, taking on much more strategic roles in the business. One roll though, that has largely rem...
The start of a new year presents a good opportunity to reflect on changes over the past 12 months and predict what lies ahead in the next. As we can see a distant end to this difficult period, it’s ti...
Increasingly digital customers are demanding more from insurers. They want help preventing injury and loss. And insurers who re-invent their offerings with AI capabilities will be poised to deliver. ...
The past year has altered our lens on many aspects of work and life, including sustainability. For insurers, sustainability evolved beyond altruism into a new business imperative. There are both exter...
Highlights More than 850 institutions have participated in the Innovation in Insurance Awards since 2016. The awards are free to enter. Find a step-by-step walkthrough of the submissions process with ...
For many of us, ringing in the new year means setting resolutions for better health and well-being. Whether in business or our personal lives, we must consider the scenarios that may threaten or enabl...
Last week we announced the winners of the Efma-Accenture Innovation in Insurance Awards 2021. Every year I’m excited to see the submissions come in. This year we received 460 entries from 289 organiza...
While 2020 proved to be a year that changed the way we live and work, our predictions for 2020 nevertheless proved to be remarkably accurate. As we forecasted, life insurers that modernized their core...
More consumers are seeking life insurance today than in any time in decades. According to a LIMRA study, there are 60 million un- and under-insured households in the United States, representing a $12 ...
It took a global pandemic to accelerate digital transformation in the life and annuity industry. COVID-19 prompted major changes in the way we live and work, thrusting consumers of all ages and digita...
