Better medicines and healthier lifestyles means longer lives. The growing segment of the elderly is putting huge pressure on social, health and government systems. Responses are coming from all directions, with clear guidelines emerging in terms of what the elderly want and need. How are insurers responding? The UK’s Industrial Strategy sets out Grand Challenges, tying…
Highlights Small commercial is at an inflection point with digital. Four of the top five carriers now have a direct offering. From 2010 to 2018, insurtech spend in small commercial spanned 50 companies, 111 deals, with a total of $1.5 billion invested, showing a compound annual growth rate of 41 percent. Introduction Small commercial insurance…
To meet growing customer expectations for products and services that accommodate their individual needs, insurers should embrace personalization and make it central to their business model. Key strategies include choosing between an omnichannel or opti-channel approach to personalization, and extending a strategic framework to include an evolution and enrichment component. Choosing between omnichannel and opti-channel…
Silver-tech ecosystems are forming quickly as more companies recognise the opportunity to create solutions to address challenges faced by the growing aged population that make up the silver economy. Insurers can tap into or leverage these technologies, but there is also opportunity to create strategic partnerships and begin to position themselves within these ecosystems. These…
We use cookies to enable website functionality, understand the performance of our site, provide social media features, and serve more relevant content to you. We may also place cookies on our and our partners’ behalf to help us deliver more targeted ads and assess the performance of these campaigns. You may review our Privacy Policy here and Cookie Policy here.
