Two key enablers for insurers seeking long-term growth

On this collection of posts, I’ve talked about why private strains and small business insurance coverage carriers must give attention to reinventing the shopper expertise from finish to finish, and 4 completely different elements of that have that may assist them drive development—new merchandise, a advertising and marketing transformation, embracing digital channels and improved customer … Read more

Key strategies for P&C carriers to win in wealth management

Buyer expectations are shifting in direction of a desire for holistic monetary steerage. At present’s clients are in search of recommendation that’s tailor-made to their particular wants. They’ll actively swap to corporations that may present each personalised help and experiences which are aligned with their preferences.   In our final put up, we mentioned the 4 … Read more

Why insurers need to rescue underwriters from siloed data

In 2008, Accenture printed the outcomes of the primary P&C Underwriting Survey in partnership with The Institutes. Because the longest-running longitudinal underwriting survey within the insurance coverage trade, this report reveals a holistic image of the place underwriting has been—and the place we’re going. Particularly, it reveals us the connection between the targets leaders set … Read more

Embedded insurance: a brief overview

Embedded insurance coverage is at present a red-hot subject within the trade. It has permeated a lot of our latest conversations as shoppers consider how embedded at present impacts—or may influence—their distribution plans. The sense of urgency is compounded by disruptor firms like Tesla throwing their hat, in a significant approach, into the insurance coverage … Read more

Takeaways from InsureTech Connect 2024

This yr’s InsureTech Join convention introduced collectively an unimaginable group of carriers and a number of the business’s most progressive insurtechs to attach over the expertise that’s remodeling the insurance coverage panorama. ITC offered a possibility to know what’s occurring within the insurance coverage neighborhood proper now, what carriers are enthusiastic about and what’s subsequent … Read more

How insurers can win the race to AI maturity

Synthetic intelligence has been round for the reason that Fifties, however during the last a number of years the enterprise potential of AI has expanded dramatically. We now stay in a world the place massive knowledge and highly effective computational capabilities permit AI to flourish. Firms—together with insurance coverage carriers—are investing in establishing knowledge lakes, … Read more

The inclusive insurance opportunity

Main insurers are defining new income paths whereas contributing to communities within the course of. That is outlined as inclusive insurance coverage, an idea that’s taking part in a key position within the insurance coverage business’s evolution. Take two of the main world carriers, Generali and Allianz: Generali has created The Human Security Web, to … Read more