Future of Insurance Archives - Page 2 of 3 - Silicon Valley Insurance Accelerator

Josh and Sarah an Insurance Customer Experience Story

03/02/2023 Mike Connor, CEO, SVIA Blog, Future of Insurance, Uncategorized

We’d like to invite you into a story about Josh and Sarah, a young couple living on a farm just outside of Nashville just a few years from now. As they start planning their business, they realize they need to figure out what kind of insurance they need personally and professionally, and for the business and their employees. Which side of their experience will your company find itself on?

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.

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.

Digital Insurance & Speed to Market – It’s Time to Get Your Game On

07/20/2020 Mike Connor, CEO, SVIA Blog, Digital Ecosystems, Future of Insurance, InsurTech

Covid-19 is rapidly changing our world. It’s accelerated the digital transformation of our society, businesses, and personal lives by at least 5 years. The digital leaders in insurance are responding by accelerating their own digital transformation and initiatives. What that means to fast followers and laggards is that if you expect to survive the 2 – 3 years, It’s time to get your digital game on.

Why The Customer-Centric Agency is the Future

06/11/2020 Matt Chesky, President, Insuritas Blog, Customer Engagement, Future of Insurance

The agency model has unique, structural advantages over direct writers and lead-gen platforms in insurance distribution in that it is best aligned with consumer desire for objective, transparent, and trusted advice for their risk management needs. A customer-centric agency that can deliver efficient customer acquisition, a frictionless shopping experience, and trusted, ongoing advisory services can create immense value for today’s insurance consumer, and is the only way to re-establish the independent agency as the risk management model of the future.

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

05/18/2020 Michael Lovegrove, CEO, JRNY Blog, Future of Insurance

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.

COVID-19 & Insurance: Impact, Response & Innovation

03/23/2020 Mike Connor, CEO, SVIA Blog, Customer Engagement, Future of Insurance, Uncategorized

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.