Without a fresh look at their workforce, insurers may find themselves unable to keep pace with the changes brought about by the next wave of digital technologies. Michael Costonis explains. Insurers are investing in the tools and technologies they need to keep pace with constant change in the digital era.
The technology maturity s-curve for insurers provides great guidance on where each new digital tool is located in the four-categories: Emerging, improving, mature or aging. But that’s not the only guide insurers should consider before making investments in the technological advances they seek for their business.
Historically, the life insurance industry has relied on the agent-based model and targeted mainly wealthier customers. Pursuing less affluent segments was an economic challenge for carriers. However, as insurers enter the digital realm, they need to reinvent their product offerings for an audience that is different than the traditional customer profile. Pages: 1 2
You’ve picked out the rings, maybe even the venue … things are rolling toward your Big Day. But don’t forget an important element of your new life together: getting your financial lives in sync. Pages: 1 2 3
When you’re just starting out, it often seems that a dollar never stretches far enough. And with new commitments, such as buying your first home or having children, comes the responsibility to make sure your loved ones will be provided for financially, no matter what life may bring. Pages: 1 2
No matter how much research or shopping around you do, purchasing a used vehicle always feels like a gamble. If you’re currently in the market for a pre-owned vehicle, there are several factors you definitely need to consider, such as previous maintenance, accidents and more. Pages: 1 2
So you’ve made the decision to learn more about long-term care insurance. That’s smart, as neither health insurance nor Medicare would pay for extended long-term care services in the event that you needed them in the future. Plus, there’s about a 70% chance you’ll need some type of long-term care after age 65, according to […]
For organizations to prosper, IT must reestablish itself as the go-to business partner to optimize technology spending. How can it earn that place?
Fintech as a trend is about 5 years old now. Financial instiutions have learned a lot in that time about how to get the most out of FinTech. Insurers can learn from banks how best to respond to the surge in investment in insurtech. Soaring investment in financial services technology, fintech, presents insurers with a […]
This seems to be the year that the concept of the autonomous vehicle (or driverless car) has taken hold of the public imagination.