One is a 134-year-old behemoth with a long history and a global presence. The other is an innovator in the digital space who is hardly old enough to recall the days before Netflix. However, Allianz and Lemonade are subtly demonstrating the same thing: open insurance is not only feasible, but also effective. Here’s how two …
These are five significant, audacious, and essential forecasts for the appearance and feel of insurance by the end of 2025. 1.There will be no age wave. It has arrived and is revolutionizing the sector. Let go of your preconceived notions about aging. The median age in the world will increase to 32 by 2025, bringing …
Welcome to the emergence of the agency network, a subtly revolutionary development in the distribution of insurance that is bringing small and mid-sized agencies on an equitable playing field despite the industry’s increasing complexity. The Reasons for the Increase in Agency Collaboration Let us begin with the obvious: operating an independent agency in the modern …
Companies like Allianz (which offers specialized migrant insurance in Europe) and Generali (via The Human Safety Net) are already demonstrating what is possible when we build for groups that are often excluded from the financial system, such as low-income families, women, minorities, and migrants. This is why it is important: 1.A Huge, Untapped Market Because …
In a recent episode of Insurance News Analysis, I had the honor of sitting in the hot seat—which is typically occupied by Kenneth Saldanha himself—with Bruce Hentschel, a seasoned professional in the field, to discuss what responsible usage of generative AI in insurance actually entails. It is about much more than efficiency and automation, spoiler …
This is more than simply a party. It is an open discussion regarding the progress made in the insurance sector toward gender equality and the progress that remains. There is talent. What, therefore, is preventing women? The problem is not getting women to work in insurance. Talent abounds in the pipeline. What follows—or rather, what …
They may make use of a cloud-based third-party point-of-sale system. Five different nations may supply their materials. They can be using an online store to offer personalized cookies to customers in different states. Additionally, they most likely use a SaaS platform you have never heard of to handle payroll and benefits. There are additional levels …
Strategic segmentation goes deeper than typical segmentation techniques, which depend on superficial indicators like claim value, source of loss, or line of business. It takes into account a claim’s entire context and changing nature, including its seriousness, complexity, escalation risk, and even potential to help with better underwriting and pricing decisions. In short, it is …
Kenneth Saldanha joins us in our London studio for this anniversary edition to discuss the key themes that are changing the insurance market in the United Kingdom. The discussion covers the entire risk spectrum, from intense international competition to domestic pricing pressures, the emergence of Gen AI, and the future of pet insurance. The London …
This initiative is urgent, not just timely. Rethinking Insurance Inclusion: The BIIC The BIIC was established in order to draw attention to, assist, and address the particular difficulties that Black professionals in the insurance sector confront. It is a place for dialogue, strategy, transformation, and mentoring. Additionally, it is for the advancement of the business …