The Intersection - The Blog

InsurTech: Threat or Salvation for Insurers?

InsurTech – defined as the use of technology innovations designed to squeeze out savings and efficiency from the current insurance industry model – is threatening to cause significant disruption within the existing insurance community. How serious is this for established insurers and brokers? And what are the alternatives? Interest in InsurTech has increased dramatically over… Read more »

Following Closely: Cyberrisk and Self-Driving Cars

If you scan this blog, you will note that we have a high interest in autonomous vehicles.  Data demonstrate that there are reductions  in injuries and deaths, and improvements in transportation effectiveness. But there are new risks which need to be addressed. Is this an opportunity or just a large challenge? There are impressive benefits Autonomous… Read more »

Insurance Broken

If I had to recommend a one-line description for the 2016 InsureTech Connect Conference,  being held at the Las Vegas Convention Centre this week, I would suggest, “Insurance is critically important.  That’s why we must break it.” The heart of the matter… Caribou Honig, Partner at QED Investors and chairman of the event, opened with a… Read more »

A Letter to Peter: Tech Changes Insurance for Good?

Dear Peter Diamandis: I was pleased to see your post, “5 Tech Forces That Will Change Insurance for Good,” and your participation with Lemonade. I have followed your newsletter for years and have previously referenced your thoughts in this blog. I am offering a few comments and describing my admittedly foggy view of the future…. Read more »

The Future of Disruption: Will Telematics Uberize UBI?

We are hearing a lot about disruption that will hit the insurance industry as the result of InsureTech and digital transformation. However, widespread enterprise-wide implementations are some ways out, so we won’t see the impact of all of the moving pieces. But there is one exception: Telematics / UBI. Telematics is proven and poised for… Read more »

The Era of the Digitally Unthinkable

Digital transformation is a hot topic these days. In many ways, the technology is a catalyst for different approaches to the business of insurance. To take advantage of this, insurers and suppliers will have to look at the existing relationships and be prepared to commit to new terms of reference.  Are we prepared for that?… Read more »

Waiting for Disruption

An analyst and thought leader recently went public with a post suggesting that disruption is over-hyped and underwhelming from a practical standpoint. I respect the author and the analysis, but I think that we are in uncharted territory, and when looking at disruptive competitors, we might consider Hunter Thompson’s advice. Who is the analyst and… Read more »

If Digital Is Urgent, How Do We Play It?

InsurTech (Insurance Technology)  is a hot topic in the insurance community these days.  But how significant is this trend and how urgently do we have to respond?  We think that the recent Executive Forum (ICEF2016)  provided insight. What do we do and, when do we do it? Writing in PropertyCasualty360, PwC analysts, Jamie Yoder… Read more »

Will Driverless Cars Disrupt Uber and Insurance?

Ride-hailing services – the poster child being Uber – are recognized as a major disruptors for taxi fleets and other modes of transportation. These actors introduce continuous innovation by embracing internal disruption. However, there are other external initiatives that may disrupt the disruptors. And insurers may be collateral damage. We’d like your thoughts. Driverless cars… Read more »

Searching for Innovation in All the Wrong Places?

We all agree that innovation is the word of the decade (so far). But today’s version of innovation may require some humbling tradeoffs. Are you ready for this? Tell me if you’ve been here … It’s planning time and the executives have been spirited away to a 3 day retreat to finalize ‘The Plan’. The… Read more »