The Three Dimensions of an Intelligent Insurer
In my first post of this series, I explained the tremendous potential of intelligent solutions to drive significant financial benefits across the entire insurance value chain. The key to unleashing the...
View ArticleHow to use AI throughout the insurance value chain with a focus on...
In this series on how to boost your AIQ, I’m exploring innovative ways to apply artificial intelligence to the insurance value chain. In my first post, I spoke about the artificial intelligence...
View ArticleEfma-Accenture Innovation in Insurance Awards laud back-office apps
Creative customer-engagement applications and clever distribution channels often attract the most attention when insurers discuss innovation in their industry. However, smart back-office improvements...
View ArticleFive Steps to Success with Intelligent Solutions
In my previous posts of this series, we talked about the potential of intelligent solutions and the different dimensions insurers should consider as they mature their approach to deploying these...
View ArticleHow insurtechs are transforming insurance underwriting – 7 examples
Start-ups working in the financial industry have been on a steady increase since at least 2010, and now with the heightened focus on insurtechs, we are seeing more of these ambitious companies...
View ArticleUnlocking trapped value with strategic partnerships
In my previous post in this series, I looked at what incumbent insurers can learn from insurtech startups, with their inherent ability to identify and release trapped value in the insurance value...
View Article3 Insurance Underwriting Predictions for 2019 and Beyond
Could 2019 be the year of an underwriting technology transformation? We’re not yet ready to make that prediction, but we do see the makings of a transformation, as more insurers invest in technologies...
View ArticleUltimate Guide to Small Commercial Insurance
Highlights Small commercial is at an inflection point with digital. Four of the top five carriers now have a direct offering. From 2010 to 2018, insurtech spend in small commercial spanned 50...
View ArticleMaking North American insurance innovation visible
North American insurers: it’s time to enter your visionary new capabilities for the Efma-Accenture Innovation in Insurance Awards. Last year, we saw the awards expand into a truly global initiative....
View ArticleIt’s time to rethink property underwriting
Historically, carriers have relied on large-scale data structures for property underwriting. But these overly manual solutions that rely on multiple models have been causing leakages and underpricing...
View ArticleSeven ways to improve your property underwriting capability
In my last post, I explained why the state of property underwriting leaves something to be desired and how it’s time for carriers to rethink how it’s done. Let’s take a closer look at the seven areas...
View Article7 high-impact ideas for your annual planning in large and specialty insurance
It’s summer—a time when most of our attention is focused on warm weather, long weekend travel plans, and keeping sand out of swimwear. Of course, summer has deeper meaning for large and specialty...
View ArticleSupercharge your small commercial annual planning for 2020
Right about now, many small commercial carriers are starting to put together their plans for next year. They might be tempted to phone it in a little—it is summer, after all, and the beach is calling...
View ArticleCraft a winning sales experience in small commercial
What was the last big or meaningful purchase that you made? Think through the experience. How did the company help you make the decision? Did it offer tools? Did it reach out to help you? Did it make...
View ArticleUse the power of onboarding to grow your small commercial practice
One of the best ways to grow your small commercial business is to increase retention. Increasing retention starts with what carriers do right after the sale. To see why, think about a recent purchase...
View Article3 insurance underwriting predictions for 2020 and beyond
We see 2020 as a pivotal year for life insurance underwriters. More insurers have modernized their new business and policy administrations systems to enable greater flexibility to create innovative...
View ArticleFive powerful ideas to boost small commercial insurance in 2021
Each summer, insurance carriers begin to plan their major initiatives and investments for the coming year. But 2020 is, to put it mildly, a little bit different than the average year. The uncertainty...
View Article2021 insurance investments for commercial and specialty
Right now, many insurance businesses are planning their investments for 2021. This annual process is unusually difficult this year, and not just because of the pandemic. This post continues our series...
View ArticleAutomated underwriting & cloud help life insurer drive value
In a previous post, I introduced Accenture’s Future Systems research—our largest systems survey ever—where we studied technology “leaders” and “laggards” from more than 8,300 global companies across 20...
View ArticleFive Investment Ideas to Fuel Growth in 2021 for Employee Benefit Carriers
Today we continue our series on investment ideas for insurance carriers in 2021 with a look at Employee Benefit or Group Benefit carriers. These are the carriers that provide disability, life, and...
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