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While I've seen great potential in blockchain technology for years, I've been waiting to see it move beyond the theoretical and into the insurance market. That is about to happen, writes Paul Carroll in "Is Blockchain Ready to Hit the Market?" https://hubs.ly/H0mSW9M0 pic.twitter.com/qEwSqqhaV9
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Once insurance has been pared down to its simplest, digital parts, those parts can be reassembled in any number of new ways to form previously unimaginable products and services. Read Paul Carroll's commentary, "What Happens When an Industry Goes Digital" https://hubs.ly/H0mMtd_0 pic.twitter.com/WChEiU7NQX
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There's a lot of talk about improvement in operational efficiency, but not about how that rates vs. the competition—and the competition is the true measure. Read Paul Carroll's new commentary, "What Ski Racers Can Teach the Insurance Industry" https://hubs.ly/H0mG76l0 pic.twitter.com/CoZNItILbw
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Hurricane Dorian would have upended the industry if it had stalled over Palm Beach, not the Bahamas, with its 185 mph winds and 40 inches of rain. Read " ’19 Hurricane Season: Dodging a Bullet" by Andrew Siffert of BMS Re https://hubs.ly/H0mBKch0
@BMSGROUPpic.twitter.com/x625mn8PVA
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The right IoT approach will generate knowledge about clients and their risks, which will lead to opportunities for cross-selling and up-selling. Read Matteo Carbone's new article, "The New IoT Wave: Small Commercial" https://hubs.ly/H0mBDMJ0
@MCins_pic.twitter.com/12weDPjKTw
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The best thing I've seen lately is an interview of Marc Andreessen on "Why You Should Be Optimistic About the Future" and on how to think about innovating. Read Paul Carroll's new commentary https://hubs.ly/H0mzdw30
#innovationpic.twitter.com/6qlwlFSMW6
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The IoT is supposed to be nirvana, but the reality is a tad uglier, of course, than the gurus tell us, as reality always is. Read new article by Barry Rabkin, "Will IoT Upend Insurance? [Hint: NO!]" https://hubs.ly/H0mv6HZ0 pic.twitter.com/idXmwXD2bb
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Carriers with data-driven solutions that anticipate key life events can engage consumers at the right time, in the appropriate context. Read "How to Thrive in Auto Insurance" by Adam Pichon and Ian Griffin of LexisNexis Risk Solutions https://hubs.ly/H0mv3l30
@LexisNexisRiskpic.twitter.com/MEQs9Tuyhs
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A unified, dedicate language for programming will help big data and life insurance finally speak the same language. Read "Need for a Dedicated Coding Language" by Barak Bercovitz of Atidot https://hubs.ly/H0mtXBQ0
@AtidotIsraelpic.twitter.com/zkBQiaqf1V
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I think 2020 will be most notable because the industry will start to get better at... getting better. Read why in Paul Carroll's new Commentary "What to Expect in 2020" https://hubs.ly/H0mtt810 pic.twitter.com/eW0Ad7HNke
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Consumers demand greater transparency, a higher level of service and on-demand solutions from their carriers and agents. Read "Insurtech 2020: Trends That Offer Growth" by Vertafore's Doug Mohr https://hubs.ly/H0mrPfF0
@Vertaforepic.twitter.com/3wZTHUIWCs
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Interest and application in personal lines transformation are still strong because of UI and AI. But some scenarios are good news/bad news. Read the new article by Karen Pauli of SMA "Is Transformation Losing Steam?" https://hubs.ly/H0mrMdG0
@SMAInsurancepic.twitter.com/AM0xfMXV9q
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Brokers and agents must keep up, constantly looking for ways to interact in the ways that digitally savvy consumers want to interact. Read "4 Trends in Insurance in the New Year" by NextGen Leads' George Mueller https://hubs.ly/H0mrNc60
@NextGenLeadspic.twitter.com/Xz7XAZlLxZ
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Wearables and self-reported data can provide Personalized Activity Intelligence (PAI), which measures cardiorespiratory fitness. Read "How Much Exercise Prolongs Healthy Life?" by Ross Campbell of Gen Re https://hubs.ly/H0mrHWB0
@Gen_Repic.twitter.com/HdIBbhGHrS
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Have digital advancements truly transformed the experience for customers shopping for insurance? Read "Why Isn’t Customer Experience Better?" by Cameron Mazaherian of Gabi https://hubs.ly/H0mpJl50
@Gabi_Insurancepic.twitter.com/2A6uRtOprH
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As insurers use technology to reduce the human contacts required to bind policies, they can still enhance their relationship-building abilities. Read "3 Ways to Build Digital Relationships" by Brian Strauss of goMoxie https://hubs.ly/H0mpJGV0
@Go_Moxiepic.twitter.com/O3mjl8o9lH
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By automating the mundane pieces of claims management, AI opens the door for a new model of “scalable compassion.” Read "Automation Lets Compassion Scale" by Jayant Lakshmikanthan of CLARA Analytics https://hubs.ly/H0mlr8t0
@claraanalyticspic.twitter.com/wdWfvmHxc2
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Meeting modern consumer expectations is a business imperative; exceeding them is how insurers can stay relevant and competitive. Read "Insurers’ Imperative to Modernize" by Ian Jeffrey of Breathe Life https://hubs.ly/H0mlncZ0
@breathelifeinspic.twitter.com/1cavq9afjQ
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Reviewing our 2019 commentaries, one theme we kept coming back to was natural disasters, as well as the need to work harder on preventing losses. Read "Looking Back at 2019" https://hubs.ly/H0mhTH70 pic.twitter.com/gAGNAuhZqI
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By combining capture, workflow, integrations and RPA, insurers can take some of the tedious tasks out of their employees’ workload. Read "Practical Uses of RPA for Insurance" by Cara McFarlane of Hyland Insurance https://hubs.ly/H0mgCGZ0
@Hylandpic.twitter.com/kS85NQrIYA
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