In my previous post , we reviewed the what of artificial intelligence, along with the current and future possibilities it presents for forward thinking insurers. The next step on the AI journey is to establish a strategy by addressing key concerns that are top of mind for the company.   The dimensions of the AI journey  …

For years now, distributed ledger technology (DLT)—and its best-known example, blockchain—has been touted as a game-changer for the insurance industry, on a level with cloud computing and the internet itself. However, while the potential benefits of DLT are undeniable, many insurers are wondering if the reality will live up to the hype. I recently had…

A recent Accenture Technology Vision for Insurance survey shows that the majority of insurers know DARQ technologies—specifically AI—will be transformational or will bring extensive change to their businesses (DARQ includes distributed ledgers, AI, extended reality and quantum computing). The insurance industry is among those most susceptible to future disruption, but it has been hesitant to fully adopt AI and take the reins. Only 50% of carriers are in the evaluation or pilot stage and only 29% have adopted a form…

As I’ve argued throughout this series of blog posts, DLT is a team sport. That means its real value will come not just from the technology but also come from the ability of insurance companies across complex ecosystems to align behind shared economic incentives and robust governance structures.   DLT implementations most often make sense as joint efforts between business partners in intermediated markets…