Platform Systems: Foundation for Agility, Speed, and Innovation

Platform Systems: Foundation for Agility, Speed, and Innovation

Innovation & Agility = Insurer Survival. COVID rocked our world. Normal family, community, and business practices turned upside down. Insurance operations that relied on paper and in-person interactions obsolete. Surviving requires innovation and agility. Without an enabling platform, it’s impossible. That’s why every insurer needs to build an innovation scorecard.

Denise Garth, Chief Strategy Officer, MajescoPlatform Systems: Foundation for Agility, Speed, and Innovation
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Blend Culture Change and New Tech for Success with Digital Transformation

Blend Culture Change and New Tech for Success with Digital Transformation

Digital transformation is not about technology. Yet, isn’t that where we tend to focus? It is too easy for us as insurance business and IT leaders to fixate on technology problems and solutions and overlook the most critical (and more difficult) changes that must take place if we are to transform our organizations…changes in attitudes, beliefs, and day-to-day behaviors that are critical for true transformation and success with digital business.

Phil Reynolds, CEO & Co-Founder, Jeff Haner, Director of Market Research & Strategy, BriteCoreBlend Culture Change and New Tech for Success with Digital Transformation
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COVID’s Digital Mandate: Insurers Double Down on Transformation & Innovation

COVID’s Digital Mandate: Insurers Double Down on Transformation & Innovation

Over the past months, I’ve been in conversations with multiple carriers, tech vendors, and InsurTechs. In the early days of COVID, it was all hands on deck to protect employees and to care for customers during the quarantine. While there is still work to do in those areas the conversation has shifted dramatically in the past month. The conversation now is how to accelerate digital transformation in preparation for the new normal. 

Mike Connor, CEO, SVIACOVID’s Digital Mandate: Insurers Double Down on Transformation & Innovation
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The COVID-19 Imperative: Risk Management, Business Continuity Planning, & Innovation

The COVID-19 Imperative: Risk Management, Business Continuity Planning, & Innovation

Digital innovation is no longer just a nice to have; it’s a must-have. It’s no longer just about reducing costs or improving margins; COVID-19 has shown that it’s now an imperative addition to risk management processes and business continuity planning (BCP) as well.

Michael Lovegrove, CEO, JRNYThe COVID-19 Imperative: Risk Management, Business Continuity Planning, & Innovation
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COVID-19 & Insurance: Impact, Response & Innovation

COVID-19 & Insurance: Impact, Response & Innovation

COVID-19 requires our industry to move immediately to meet insured’s needs and protect our companies and employees. Then we need to take a breath and think. Necessity is the mother of Innovation, and now is the time to put our capability as an industry to innovate to work. Here’s how.

Mike Connor, CEO, SVIACOVID-19 & Insurance: Impact, Response & Innovation
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Platforms Allow Insurers to Engage with Valuable Ecosystems

Platforms Allow Insurers to Engage with Valuable Ecosystems

Platforms are a force multiplier of internal and external strengths
Those who have known me for years, know that I was an introvert growing up until I was a junior in high school running for class president. Yes, that surprises people! I had lots of friends across different groups (we can call them different ecosystems), but I was a relatively introspective person. Becoming class president was a catalyst in my becoming an extrovert – which my colleagues and friends recognize me as today. Why do I bring that up?  Because over my career I leverage my introvert strengths, my analytical side and my extrovert strengths, my network of colleagues, peers, and others to bring both perspectives to ideas, topics and challenges.

Both personalities play a role in how individuals work within the realm of technology and today’s fast-paced changing world.  

Denise Garth, SVP, Strategic Marketing, Industry Relations & Innovation, MajescoPlatforms Allow Insurers to Engage with Valuable Ecosystems
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Digital Insurance, Ecosystems, & Customer Engagement: The Edge of Innovation

Digital Insurance, Ecosystems, & Customer Engagement: The Edge of Innovation

Imagine the ability to connect with and offer current and future insurance customers exactly what they need to achieve their life and business goals with the least risk possible in real-time. Imagine having insight into new and profitable risk pools and customer segments as they are forming. Imagine the ability to configure and deliver highly personalized solutions and value-added services to them on the fly. The rapidly maturing Digital Ecosystems surrounding customers offer that opportunity. However, the roadmap to get there doesn’t start with technology. It starts with the customer.

Mike Connor, Co-Founder / CEO, SVIADigital Insurance, Ecosystems, & Customer Engagement: The Edge of Innovation
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On-Demand: Setting the Competitive Bar for the Rest of Insurance

On-Demand: Setting the Competitive Bar for the Rest of Insurance

On-Demand is a very small but growing business model. There is still much to learn and prove. However, it’s resetting customer expectations and it’s giving those implementing it powerful new insights and capabilities. Insights and capabilities that will be used to reset the competitive bar across other insurance business models. The lessons learned here will change Customer Experience, open New Markets, and open the door to Continuous Underwriting, and Dynamic Policy Management.

Michael Connor, Co-Founder, CEO, SVIAOn-Demand: Setting the Competitive Bar for the Rest of Insurance
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Kentucky is the 1st State to Open a “Sandbox” for InsurTech

Kentucky is the 1st State to Open a “Sandbox” for InsurTech

The Kentucky Legislature has passed the first state law in the U.S. providing a comprehensive framework for an insurance regulatory “sandbox” for insurance technology products. The new regulatory sandbox, which will be administered by the Kentucky Department of Insurance (DOI), allows for private-sector flexibility while preserving necessary consumer protections.

Shawn Hanson, Partner, Akin GumpKentucky is the 1st State to Open a “Sandbox” for InsurTech
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