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The announcement that Dr. Henna Karna, formerly global chief data officer at insurer AXA XL, had been retained by Google to lead a new insurance initiative was greeted by the insurance and InsurTech industries with a mixture of awe and alarm. For the past three decades, Karna has been a leading voice in reinventing insurance... read more | |
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As money began to flow into InsurTechs back in 2014 and 2015, these companies essentially fell into two categories: You were either a provider of technology to insurance companies or a distributor of an insurance product to an end customer. If you were a distributor of insurance, the model was obvious: You structured yourself as... read more | |
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The convergence of insurance and digital technology – "insurtech" – has transformed the industry. Although insurance companies initially feared insurtechs would whittle away at their market share, partnering with these disruptive tech firms is now widely seen as the catalyst necessary to spur growth and accelerate the ... read more | |
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Usage-based insurance (UBI) finally has come of age in the U.S. insurance sector. Insurers have spent the last 20 years exploring the potential of telematics with alternating curiosity, commitment and disillusionment. Last year, 8.2 million U.S. auto policyholders shared their driving data with an insurer, based on the research of the IoT Insurance Observatory, a... read more | |
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Communication is a key leadership skill. To lead others effectively, excellent communication is paramount. It not only delivers tasks but provides the motivation and confidence that teams and followers need to move an organization positively toward its goals. I like to suggest that strong leaders communicate with people rather than to people. Here are 10... read more | |
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SPONSORED BY: Notion, a Comcast Company Smart home trends are seeing connected devices proliferate in houses. IoT smart home insurance is key to reducing claims and minimizing risk for insurance carriers.... read more | 
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COVID-19 has exacerbated socioeconomic inequality and exposed vast racial and economic disparities in America. Millions have lost their jobs, and research shows that historically under-resourced communities have been hit especially hard both by the virus itself and the economic fallout. The auto insurance industry has an opportunity to help those communities recover and eliminate a... read more | |
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Next year, Chubb (tracing its roots back to the birth of the Insurance Company of North America) will turn 230 years old, an extraordinary feat of longevity that partly explains why it's the world's largest publicly traded property/casualty insurance company. By contrast, startup Root Insurance made its debut as a public company on Oct. 28,... read more | |
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In early March 2020, AM Best released Scoring and Assessing Innovation, our formalized criteria for measuring a company's innovativeness. Within weeks of its official launch, this methodology was put to the test by the COVID-19 pandemic. COVID-19 was a real-life fire drill. It challenged insurers' ability to pivot and innovate in the midst of global... read more | |
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"Legitimizing the Shared Economy." The phrase, with a trademark symbol at the end of it, is the first thing visitors see on the "About Us" page of InsurTech Buckle's website. On another website page, co-founder Marty Young summarizes the Buckle philosophy: "We believe in fairness," he writes. "Forgiveness of debt is a moral high ground... read more | |
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Move out of your comfort zone. Embrace failure. The two ideas are ever-present in articles telling property/casualty insurance leaders what they need to do to create innovative cultures and build the momentum to speed their companies forward on enviable upward growth curves. But with white insurance leaders unwilling to budge from the security of what's... read more | |
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While the aggregate InsurTech funding level for the first-half of 2021 soared past the amount raised for InsurTech businesses for the entire year 2020, InsurTechs continued to quietly shut their doors with much less fanfare. When Willis Towers Watson reported a surge in InsurTech funding to $7.4 billion in the first-half of 2021 last week,... read more | |
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