IIR met with Vertafore executives to discuss the expansion of direct distribution, the experience carriers and agents, and the way digital can make even simple insurance sales more local and personal.
Aflac Corporate Ventures, which plans to build a fund of over $100 million over three years, has offices in Charlotte, N.C., and in Sunnyvale, Calif., as part of a partnership agreement with the Plug and Play Technology Center.
The insurance industry needs to pivot from risk aversion to experimentation, and that requires not just prudent management but genuine business leadership.
Over the long term, it’s more often than not that the non-functional capabilities of a system that determine its value and lifespan, and whether or not the company views it as a success, or just another sub-optimal delivery from IT.
The insurer, which will receive no genomic information about policyholders, anticipates the value of their utilizing the offering as a driver of reflection on the benefits of a long and healthy life, and the means to ensure it.
Peter D. Hancock will remain CEO until a comprehensive search by the company’s board of directors yields a successor.
Marcus Ryu talks about AI, advanced analytics, IoT and the emergence of the InsurTech phenomenon, what these trends mean for core system providers—and for Guidewire’s own roadmap.
The insurer cites Octo’s expertise in insurance telematics, combined with their fleet platform and crash and claims capabilities, as drivers of the partnership.
The vendor’s Workforce Intelligence application combines with Customer Service and Sales Automation to reveal opportunities for process optimization and execute through robotic process automation.
Maybe it’s time for more insurers to stop looking at the app-centered way banks communicate with their customers as the gold standard and start delivering in the ‘micro moment.’