Executive Viewpoint: One AI Won’t Save You
The property/casualty insurance industry has made artificial intelligence a top strategic priority for three consecutive years. It has invested accordingly. And it has, ...
Strategy
The Big Dog Is Off the Tech Porch: State Farm as ‘Next Gen Good Neighbor’
You'd have to roll back the calendar a few decades to find a time when competitive moves by the nation's biggest auto and home insurer were described with the phrase, "The big dog is off the porch." ...
Details TBD: Berkshire’s Jain, Abel Describe Tokio Marine Strategic Pact
Some details of a long-sought-after partnership with Tokio Marine aren't precisely defined, instead relying on the good faith dealings and reputation of the Japanese insurance giant, Berkshire ...
Independent Agents Can Get Appointed to Sell Root Auto Insurance in One Day
Although InsurTech Root has talked more about embedded partners than agents in the years since announcing it would add an independent agency distribution channel, the car insurer has been working to ...
Executive View: AI Strategy in Insurance Requires Plug-and-Play Operating Model
The insurance industry is entering a phase of artificial intelligence (AI) adoption where the primary constraint is no longer capability. Most core use cases, including submission intake, ...
Marsh Aims to Be ‘AI Winner’ by Focusing on Gains in Growth, Productivity, Efficiency
Marsh aims to be an "AI winner" through growth, productivity and efficiency gains, according to John Doyle, president and CEO of the broker and risk adviser. "[W]e see AI as a powerful accelerator ...
Reinsurers Least Successful Acquirers in Industry M&A: Analysis
A recently released analysis of insurance carrier and reinsurer mergers and acquisitions finds that 75% of recent deals featuring reinsurers and multiline insurers as buyers destroyed value for ...
From Volatility to Value: How Carriers Can Build Durable Growth
Growth has returned to the boardroom agenda for insurers, but this time under far less forgiving conditions.
Softening property and ...
Four Moves That Will Keep Midsize Mutuals Competitive
Mutual insurers have always done something the industry at-large can't: They've put discipline and policyholder trust at the center of the business.
Leave it to Me: Overconfident CEOs Less Likely to Delegate M&A Work
A new study finds overconfident CEOs are less likely to delegate responsibilities to underlings, particularly in settings that involve complex transactions – such as hammering out the details of ...