Archives

How blockchain boosts risk assessment in P&C

June 5, 2019 | Written by John Sarich While until now, blockchain has largely been synonomous with bitcoin, it is In reality far more than a platform for cryptocurrency, blockchain is a technological system that allows people and organizations to store, organize, and selectively share data across a digital spreadsheet—also called distributed ledger technology, or DLT.... Read more » by John Sarich2019

Complex Software Implementations Can Take A Village—Here’s Why

May 28, 2019 | Written by Phillips Brown Successful initiatives are very much about the partnerships that form coalesce between vendors, consultants, systems integrators and, of course, the ultimate end-user, the client. So, you’ve selected the new “Wonder System.” Congratulations! It is a big decision, and one you’ll probably need to live with for at... Read more » by Irfan Shaik2019

Group benefits billing: An overlooked opportunity to gain efficiencies

May 15, 2019 | Written by Steven Bones In this article I’d like to discuss how and why billing — and in particular, group billing — is an overlooked opportunity for creating efficiencies at carriers. I have to start by asking: What’s so difficult about group billing? That’s a big question. In this article I’d... Read more » by Irfan Shaik2019

Millennials Working In Insurance? It’s Not As Crazy As It Sounds.

May 9, 2019 | Written by John Sarich Numerous industries have been grappling with the fact that the millennial generation, with over 75 million people, is now the largest demographic component of the U.S. population. Much has been written about millennials and insurance: how they need to be educated about insurance, that they demand a frictionless experience... Read more » by Irfan Shaik2019

Insurance and the Opioid Crisis

February 27, 2019 | Written by John Sarich This is the insurance community's problem, too. One of the interesting aspects of insurance is that it is always front and center with societal change. Whatever is happening in society at large ends up in the lap of insurance. There’s a good reason for this. There are... Read more » by Irfan Shaik2019

Where to look for the first insurance blockchain adopters

January 17, 2019 | Written by John Sarich The insurance industry now understands that blockchain technology is highly accurate and has virtually boundless potential. While there’s been a lot of back and forth on the issue of blockchain, from what it actually is to whether it would be more effective than other technologies currently prevalent... Read more » by Irfan Shaik2019

Weaponizing driverless cars

November, 2018 | Written by John Sarich In an age of connected cars and cyber hackers, what could go wrong? In the age of hacking, weaponized driverless cars pose compound liability risks. Considering all the technology built into driverless cars, it’s not a big leap for anyone with an insurance mindset to think of the... Read more » by John Sarich2018

Insurance leads the way in blockchain adoption

December 07, 2018 | Written by Stephen Bruno Insurance industry innovators are broadly investing in blockchain technology right now. Blockchain technology was hotly debated this year. We’re unlikely to see broad applications for some time, but I strongly believe that not only will blockchain play a critical role in insurance, but it could also be... Read more » by Stephen Bruno2018

Is InsurTech the best carrier investment? Yes, in some cases…

October 1, 2018 | Written by John Sarich InsurTech is key to creating a friction-less customer experience, but what about back-end insurance processes? In the past, I have written that InsurTechs needed to be able to bring some benefit to carriers and agents — namely, to help them win or write new business or retain... Read more » by Irfan Shaik2018

Here’s how AI is already impacting the insurance industry

August 31, 2018 | Written by Margaret Livermore It's critical to understand how artificial intelligence will transform insurance and the world. I recently wrote about the fears associated with the introduction of artificial intelligence (AI) in the insurance industry. There is talk that in a few years, producers will be obsolete as machines will personalize... Read more » by Irfan Shaik2018