AI-Powered Value Added Services: Insurance’s New Competitive Bar

11/09/2023 Mike Connor, CEO, SVIA , ,
AI-Powered Value Added Services: Insurance’s New Competitive Bar

P&C insurance’s competitive landscape is shifting rapidly as companies compete to offer value-added services beyond traditional coverage. The arrival of AI-native consumers—reshaping expectations in the wake of ChatGPT’s explosive growth to over 180 million users—is about to accelerate this trend and deepen it’s competitive impact.

Mike Connor, CEO, SVIAAI-Powered Value Added Services: Insurance’s New Competitive Bar
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AI The Next Competitive Frontier in P&C Insurance

11/05/2023 Mike Connor , ,
AI The Next Competitive Frontier in P&C Insurance

The property and casualty (P&C) insurance landscape is undergoing a monumental shift driven by advanced technological forces. Today AI is taking the lead. In an era where experiences outside the industry shape customer expectations, P&C insurers must adapt with agility and focus to not just stay relevant but to lead in a competitive market.

Mike ConnorAI The Next Competitive Frontier in P&C Insurance
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Navigating Emerging Risks: AI and Data-Driven Strategies for Execs

11/02/2023 Mike Connor ,
Navigating Emerging Risks: AI and Data-Driven Strategies for Execs

Personal and commercial customers of P&C insurance face a range of emerging risks over the next 10 years. The increasing use of technology and digitization means that cyber threats, such as data breaches and ransomware attacks, will become common. Climate change intensifies natural disasters like hurricanes, wildfires, floods, and other extreme weather events. The widespread adoption of autonomous technologies will introduce new risks and liabilities for personal and commercial customers. New data sources and Artificial Intelligence can help make those risks far more transparent and predictable and help prevent them. But not without concrete executive action.

Mike ConnorNavigating Emerging Risks: AI and Data-Driven Strategies for Execs
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The AI Insurance Leadership Evolution: New Skills Required

10/29/2023 Mike Connor, CEO, SVIA , ,
The AI Insurance Leadership Evolution: New Skills Required

In the next several years, the criteria for promoting people into management and leadership roles in insurance will profoundly change. Those individuals will be the ones with a demonstrated ability to harness the power of AI while and have adapted their leadership and management approaches to this new reality. If you intend to be one them, here is some recommended reading.

Mike Connor, CEO, SVIAThe AI Insurance Leadership Evolution: New Skills Required
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Harnessing ChatGPT: Moving From Hype to Strategy. An Executive Guide

10/24/2023 Mike Connor, CEO, SVIA ,
Harnessing ChatGPT: Moving From Hype to Strategy. An Executive Guide

The buzz around AI, especially ChatGPT, is almost deafening in today’s rapidly evolving digital landscape. But beyond the hype lies immense strategic potential. This article helps executives understand what ChatGPT is and how it works. This insight will enable them to assess where and how it can help them build a strategic advantage for their business and provide the steps needed to implement those strategies.

Mike Connor, CEO, SVIAHarnessing ChatGPT: Moving From Hype to Strategy. An Executive Guide
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Inside The AI Economy: How Tomorrow’s Insurance Will Differ Significantly From Today

10/19/2023 Mike Connor, CEO, SVIA ,
Inside The AI Economy: How Tomorrow’s Insurance Will Differ Significantly From Today

The AI revolution is not merely a technological advancement; it catalyzes a profound global shift in both social dynamics and economic paradigms. Among the industries significantly impacted by this transformation is insurance. Here’s how.

Mike Connor, CEO, SVIAInside The AI Economy: How Tomorrow’s Insurance Will Differ Significantly From Today
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Inside the Coming AI Revolution in Insurance

10/18/2023 Mike Connor, CEO, SVIA ,
Inside the Coming AI Revolution in Insurance

The age of AI in the insurance sector has arrived, fundamentally redefining every facet of the industry. This transformative technology presents challenges and opportunities for insurers. At the core of this transformation is AI’s omnipresence, weaving itself into every operation, from risk assessment to claims processing. This isn’t just about implementing technology; it’s about reimagining insurance for a world where digital intelligence is at the forefront. Here’s a deeper dive into how AI will reshape specific operational areas:

Mike Connor, CEO, SVIAInside the Coming AI Revolution in Insurance
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NOW TO NEXT - Empowering Leaders For The AI Era Of Insurance

NewTech Match

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    Welcome to The Great AI Transformation AI is not just a technological advancement; it’s a transformative force reshaping how value is defined, created, and delivered in the insurance industry. This transformation extends beyond technology, redefining the insights and skills insurance professionals need to stay relevant and competitive. Whether you work in sales, marketing, underwriting, claims,
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    Artificial Intelligence (AI) is rapidly transforming industries worldwide, and the insurance sector is no exception. To stay competitive and advance your career, it’s crucial to develop a deeper understanding of AI and its impact on our industry.
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    The rapid adoption and increasing capabilities of Artificial Intelligence (AI) require new competencies in leaders throughout their organization. Do your leaders have them? Keep reading to find out.
  • Benchmarking Insurance Leaders’ AI Readiness
    Artificial intelligence (AI) is rapidly reshaping insurance. The role of decision-makers is more crucial than ever. Beyond merely adopting AI as a technology, leaders must prepare their organizations for the next wave AI innovations. Innovations that will redefine the industry. How ready are your leaders?