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How to Navigate Talent Market Headwinds
Many property/casualty insurance companies are finding it very challenging to acquire great talent. There are several key factors that contribute to the headwinds in the talent acquisition market: ...
When a Digital Transformation Is Nearly Grounded at Takeoff
For months, our team carefully monitored the project timeline to see if there would be enough time to roll out a multimillion-dollar digital transformation for a leading re-insurance organization ...
Mining for Gold: Overcoming Challenges to Unstructured Text Data
Artificial intelligence (AI) is undeniably changing the insurance industry. Carriers are justifiably enthusiastic about the opportunities for improved efficiency and cost savings. Unfortunately, the ...
Glimmers of Hope in the Insurer Software Market
In contrast to their direct-to-consumer counterparts, startups developing software for insurance companies have commanded lower valuations and fewer headlines. While some are doing great work in ...
Does It Ever Make Sense for Firms to Pay Ransomware Criminals?
Global insurance company AXA announced in May that it will stop writing cyber insurance coverage in France that reimburses customers for making payments to ransomware criminals. Cyber insurance ...
How Humility Can Fuel Successful Insurance Innovation
Having studied dozens of legacy and startup insurers to see how the insurance industry can innovate and evolve, I have seen many different technologies, solutions, strategies and tactics be employed. ...
Today’s ILS Investor: A Catalyst for Change
The $90 billion insurance-linked securities (ILS) sector is undergoing a sea change, led by investors with significant experience in the industry and a heightened awareness of the need to marry their ...
Top 5 Challenges for the Modern Insurance CIO
The role of the insurance CIO has transformed over the last few years. Previously a bastion for SLAs (service level agreements) and KPIs, the CIO focused on the narrow realm of the cost center rather ...