Blog Archives - Page 4 of 10 - Silicon Valley Insurance Accelerator

Competing for The Future: Digitally Native Commercial Insurance Solutions

02/28/2023 Mike Connor, CEO SVIA Blog, Future of Insurance

Imagine a future suite of digitally native commercial insurance solutions. Solutions that leverage advanced technologies such as AI, IoT, blockchain, and cloud computing. Personalized solutions that provide real-time risk management and interoperate with a digital ecosystem of value-added services. That future isn’t too far away.

Competing For The Newest Generations of P&C Insurance Buyers

02/23/2023 Mike Connor, CEO, SVIA Blog, Disruptive Business Models, Future of Insurance

Traditional P&C Products Aren’t Going to Cut It. A new generation of P&C insurance customers is entering the market. Digital Leaders understand that conventional products aren’t going to cut it and are doing something about it.

Competing for The Future of Life and Voluntary Benefits. It’s Personal

02/22/2023 Mike Connor, CEO SVIA Blog, Customer Engagement, Disruptive Business Models, Uncategorized

The future of life insurance and voluntary benefits products will be shaped by insurers capitalizing on changing customer profiles and expectations and emerging trends and technologies. Those insurers are creating new and innovative solutions. Solutions that are more personalized, accessible, and convenient. Companies need to act now if they expect to thrive in the digitally competitive industry those companies are forming.

Insurance 2.0: A Survivors Guide

03/02/2021 Mike Connor, CEO, SVIA Blog, Future of Insurance, Uncategorized

Digital adoption had been accelerating across every aspect of our lives. Then COVID kicked that into hyperdrive. Couple that with macro trends like climate change, shifts in consumer lifestyles, values, and demographics, and you have the makings of a perfect unpredictable storm of change. To survive this digitally supercharged storm over the next 3 years requires becoming a 2.0 Insurance company.

Why Its Time to Prepare Now for the Data & Analytics-Driven Future of Insurance

11/02/2020 Mike Connor, CEO SVIA Blog, Future of Insurance

Insurance has always been data-driven. It’s also one of the industries leading the race to adopt AI. And, AI in all its different forms is coming fast. It will impact every part of the insurance industry’s value chains. How we reach customers, engage with them, assess and price risk, manage policies, handle claims and fraud will all be impacted. Beyond that, it will also impact how we measure and manage internal operations as well as distribution channel partners, and how we define and manage products. To stay competitive in this race, Insurers need to rethink and realign current data, analytics, and AI initiatives with the future that’s coming.

The 2021 Insurer Mandate: Accelerating Digital Transformation 2.0

10/19/2020 Mike Connor, CEO, SVIA Blog, Future of Insurance

Adoption of Digital Transformation 2.0 has been building momentum over the past couple of years. Holistic, integrated, customer, data, and analytic driven it’s a game-changer. COVID put afterburners on its adoption. If insurers expect to compete in a market thrown 5 years into the digital future by COVID, they need to realign their digital transformation with a 2.0 approach immediately.

Platform Systems: Foundation for Agility, Speed, and Innovation

09/26/2020 Denise Garth, Chief Strategy Officer, Majesco Blog, Digital Ecosystems, InsurTech

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.

What Does It Take To Be Transformative?

09/13/2020 Greg Murphy, is EVP for INSTANDA North America Blog

Over the past few years, businesses across all industries have been busy implementing digital strategies and fundamentally changing how they operate and deliver value to customers. As a sector, however, insurance has been slow to embrace digital transformation. Part of the problem is the interpretation of what ‘digital transformation’ really means.

Blend Culture Change and New Tech for Success with Digital Transformation

09/09/2020 Phil Reynolds, CEO & Co-Founder, Jeff Haner, Director of Market Research & Strategy, BriteCore Blog

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.

Life Insurers Can Provide Better Insurance To Next Gen Customers

09/07/2020 Shira Warshavski, VP Marketing, Atidot Blog

Life insurance margins continue to be squeezed due to the plunging interest rates, as well as the precipitous drop in the stock market and global economic crises. The much-awaited rise in interest rates has not materialized, and recent events such as COVID 19 and high unemployment rates make it clear that they will continue to plunge. As a result, it is crucial for life insurance providers to find new ways to maximize revenue opportunities. Those opportunities abound.

Know How To Protect Your Insurance Career In An AI Era? Ignore This
Building Your Career in the AI Era of Insurance Requires A New Strategy It’s easy to get overwhelmed with all of the hype about AI and tune it out. What’s true is that none of us really know all the ways AI will impact our lives and careers and, for that matter, what to do
Gen AI is Here. What’s Next For Insurance Careers?
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,
Building a Career Edge In the AI Insurance Era: Demystifying The AI Genie
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.
Assessing Leadership Proficiency in an AI-Driven Insurance Era
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?