Archive | Technology

The battle over connected car data has arrived. Insurers are not prepared.

Passenger vehicles are producing unprecedented amounts of data as more and more ‘connected cars’ hit the road. Whoever controls that data could be destined to control the future of auto insurance as well. Canadian insurers have been looking to profit

The post The battle over connected car data has arrived. Insurers are not prepared. appeared first on insBlogs.

Is Insurance Ready for a Perfect Storm?

A perfect storm is an event in which a rare combination of circumstances drastically aggravates an event. We are in a 4th industrial revolution. A technology driven revolution which led to the term “Insurance 4.0”. Insurance 4.0 is defined as

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Is Direct or Agency Distribution Better For Customers? Neither.

Another direct-to-consumer insurance platform has launched in North America claiming that “unmet demand for simple and fast digital insurance services in today’s connected world. Savvy insurance customers want the option to research, compare, and buy easily online”. A growing segment

The post Is Direct or Agency Distribution Better For Customers? Neither. appeared first on insBlogs.

Is Direct or Agency Distribution Better For Customers? Neither.

Another direct-to-consumer insurance platform has launched in North America claiming that “unmet demand for simple and fast digital insurance services in today’s connected world. Savvy insurance customers want the option to research, compare, and buy easily online”. A growing segment

The post Is Direct or Agency Distribution Better For Customers? Neither. appeared first on insBlogs.

The Coronavirus: A Litmus Test for Insurance?

The immediate and direct effect of Covid-19 on the insurance industry is obvious and broad reaching. For many reasons, insurers must consider their ability to operate during the pandemic as an indication of their preparedness for the future. From claims

The post The Coronavirus: A Litmus Test for Insurance? appeared first on insBlogs.

Insurance and Innovation

Why Insurance Needs to Innovate Late last year AM Best released their new methodology and criteria on scoring and assessing innovation. “Innovation is becoming increasingly critical to the long-term success of all insurers. With innovation, companies can develop sustainable competitive

The post Insurance and Innovation appeared first on insBlogs.

InsureTech – Going down the Rabbit Hole

Lately, we have all been hearing and reading a lot about InsureTech. Frankly, I have to admit that I don’t exactly understand what the term means. What I do understand is that underwriters, brokers and direct writers have invested millions

The post InsureTech – Going down the Rabbit Hole appeared first on insBlogs.

InsureTech – Going down the Rabbit Hole

Lately, we have all been hearing and reading a lot about InsureTech. Frankly, I have to admit that I don’t exactly understand what the term means. What I do understand is that underwriters, brokers and direct writers have invested millions

The post InsureTech – Going down the Rabbit Hole appeared first on insBlogs.

Taking a Risk-Based Approach to IRM Yields Actionable Insights Aligned With Business Objectives

Gartner’s 2018 Magic Quadrant for Integrated Risk Management positions LogicManager highest for ability to execute and identifies a shift in focus by end-user organizations from compliance-based GRC to IRM solutions. The Gartner report states that “IRM goes beyond traditional, compliance-driven

The post Taking a Risk-Based Approach to IRM Yields Actionable Insights Aligned With Business Objectives appeared first on insBlogs.

Taking a Risk-Based Approach to IRM Yields Actionable Insights Aligned With Business Objectives

Gartner’s 2018 Magic Quadrant for Integrated Risk Management positions LogicManager highest for ability to execute and identifies a shift in focus by end-user organizations from compliance-based GRC to IRM solutions. The Gartner report states that “IRM goes beyond traditional, compliance-driven

The post Taking a Risk-Based Approach to IRM Yields Actionable Insights Aligned With Business Objectives appeared first on insBlogs.

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