Content by 1insurer
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Growth Speed Agility and Profitability ... Oh My!
The past two years have shaken the historical assumptions underpinning insurance and business models. The "Great Recession" has exposed underlying issues within the P&C insurance industry which are contributing to a lack of underwriting profitability which has proliferated in the industry for... -
Tipping Point ... Innovation and Transformation
The financial crisis is indeed a “once in a half century event”, but one she suggests it happened four times before over the last 200+ years. Each technology-based revolution had its unique dynamics, but the historical view provides insight for insurers as they embrace this disruption, use new...
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Tipping Point ... TRANSFORMAT ION ENABLED PROFITABI LITY FOR P&C Insurance
The confluence of these factors has brought the industry to a tipping point … a tipping point with a new business reality. A new reality recognizing that sustainable profitability and growth can only be achieved through transformation of companies business models. This economic upheaval... -
Tipping Point ... Transformation Enabled Technology
This new reality highlights the criticality of transformation and innovation because too much has changed and more of the same is not working. Transformation of the business model must be underpinned by transformation of the IT environment. It is no longer about Business and IT alignment — an...
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Relationship Networking …Strategic Building Block for Innovation
Relationship networking is not new, rather it has been a fundamental part of business for centuries. It has morphed as business, customers, distribution, markets, suppliers and technology have evolved and changed. In the 1990s, Jack Welch, GE’s former chairman, had the vision of a... -
Technology Business Services:Strategic Building Block for Innovation and Transformation
The dramatic and fast-paced change in the global insurance industry over the last ten years shows no signs of slowing. From direct to consumer channels, increased regulatory changes, integration of mobility devices, economic disruptions, catastrophic events, new products and services,...
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New Business Process Outsourcing: Strategic Building Block for Innovation
Outsourcing … a business concept and practice that emerged and morphed over the last four decades as business models evolved and competition for resources and expertise expanded. While outsourcing has had highs and lows relative to public or business perception, a new model and approach for... -
Data Management and Analytics…Foundational Strategic Building Block for Innovation
used to assess, analyze, plan and facilitate all types of decisions from underwriting, claims, reinsurance, regulatory to financial. It is a strategic asset of an organization and the fuel that powers our organization’s results. But all too often, it is not managed or used as a strategic...
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Strategic Building Blocks for Innovation
Remember as children how blocks, Lincoln Logs, Erector Sets, and LEGO®, unleashed our creativity and imagination? Wouldn’t it be great to unleash that creativity to construct a new organization which can unlock the potential for a new and better future? We can! By understanding the new set of... -
Innovation During Economic Disruption
2008 was a year that will be remembered as one of great economic turmoil and disruption where new leaders emerged and changed the competitive landscape by embracing disruption as an opportunity for innovation. It has happened before with companies like Progressive, Norwich Union, Microsoft,...
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Workers Compensation ... Passing Through the Eye of Change
Just like being in the eye of a storm, the workers’ compensation industry is in the eye of change which has accelerated due to the financial crisis, the “Great Recession” and continued increasing costs. The “Great Recession” has changed workforce demographics, government involvement, regional...
