- Jan. 15: Who Can Do InsurTech? Who Should?
The term “InsurTech” is a bit ambiguous, describing a wide scope of activities. According to Investopedia, InsurTech “refers to the use of technology innovations designed to squeeze out savings and efficiency from the current insurance industry model.” In simple terms, it is a version of process improvement. The difference is that InsurTech takes away manual or semi-automated activities and redefine the process map with technology.
- Jan. 8: InsurTech, A.I., and the Future of Work
Driven by digital success elsewhere and the uniquity of mobile devices, insurers and brokers have started to sell and service with new digital tools. Meanwhile, advancements in A.I. may either serve to displace human workers or to unlock further potential in the labour market.
- Jan. 4: Is Big Data Working in Insurance?
by Andrew Ma & Kylie Taylor, Pacific Prime
Big Data has become a big buzzword, particularly in the insurance industry. The ability of predictive modelling to work out future trends by looking at past data has attracted the attention of many insurance companies, because analytics can help us better predict and understand risk and customer behaviour.
- Dec. 28: 2017: Dance with the Hippo or Sharpen Solomon's Tool?
The developments of 2017 will likely shape the next generation of insurance processes, distribution, and product. And size will matter, but in a new way. To help companies understand innovation, Craig Haney, head of corporate innovation at Communitech, has introduced the concept of the “Nimble Hippo.”