Blog posts for insurers and insurance brokers
Platform technology promises benefits beyond imagination for insurance. While API (Application Programming Interface) technology is the future hope for many for improving service and communication between insurance brokers and insurers, platform technology can deliver today.
Today’s customers are more informed, with better access to technology and abilities to use it and have higher expectations beyond insurance industry standards. Expectations gleamed from experiences in other industries. Customer expectations and satisfaction relative to responsiveness are not necessarily… Read More »Insurance Must Up Its Game for Service
Real-Time Insurance is necessary for lower costs and benefits throughout the entire distribution vertical from customer to reinsurer.
we will look at a blockchain solution that provides real-time transparency into reinsurer/insurer exposure, as well as a market to lend/sell/buy risk to increase or decrease exposure by region
Insurance must digitally transform if it’s going to meet the most urgent problem in insurance: Climate Change.
The J.D. Power 2021 U.S. Small Commercial Insurance Study identified a lack of proactive support and personalized attention as causes for a significant drop in scores for a second year in a row. This is proof that Personalized attention is… Read More »Understanding The Value Of Personalized Attention In Insurance
Despite advances in technology, insurance customers continue to endure the financial burden caused by lack of insurance innovation. Either no one likes to talk about it, or it is just not sexy enough to write about. Most are thinking with… Read More »How to Measure Insurance Efficiency
New J.D. Power 2021 Shopping Survey shows Insurance needs new service solutions that prioritize customers. The Covid-19 pandemic has been challenging enough for the insurance industry. Business interruption losses and litigation will continue to affect insurers for a long time.… Read More »Insurance Shopping Survey: Covid-19 Reveals Need for New Service Solutions
Current insurance industry technology for many companies is like the “New” Ford V8 Engine (AKA “Flathead”) introduced in 1932. It was a breakthrough for a multitude of reasons: A better design for greater efficiency than anything else, even way above… Read More »Time for Insurance to Replace the Flathead
“Get a horse!” people would yell in the early 1900’s as motorized vehicles were starting to gain in popularity. The majority of the population would not believe or could not understand that the trusted horse used for over 1,000 years… Read More »Digitizing Insurance: “Get a horse!”