Digital Transformation Piece by Piece

| August 15, 2018

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Developments in the healthcare industry are unraveling like the plot twists of a suspense thriller. In an eight-month span alone, U.S. healthcare policy came to the brink of a systemic overhaul, major carriers pulled out of public exchanges, and the courts blocked two mega-insurance mergers. And yet, those events are merely a glimpse into what’s happening in health insurance.

Spotlight

EmblemHealth

At EmblemHealth, we believe in health care for all of us. As one of the nations largest not-for-profit health insurance companies, we cover more than 3 million people, or one out of every three New Yorkers. We started back in the 1930s, at the height of the Great Depression. Out of hard times, the idea of health insurance was born: a system that would protect everyday people from financial misfortune if they had an accident or illness. Two companies from those early days of health insurance, Group Health Incorporated (GHI) and Health Insurance Plan of Greater New York (HIP), would later merge and become EmblemHealth. And after 80 years, our purpose as a not-for-profit is still the same: to provide quality, affordable health insurance for New Yorkers and their families.

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7 Business Models of the Future for Insurers

Article | March 18, 2020

The insurance industry continues to be an enabler of innovation. Since its creation three centuries ago, it has become an essential part of the global economy — providing security and resilience to businesses and individuals alike. But the fundamentals of how it operates have barely changed. As we enter a new decade, the industry must reflect the reality of the needs of today’s businesses and society. Large commercial insurers and reinsurers, in particular, have an increasingly urgent imperative to realign their organizations and modify their offerings to include stronger preventive services against new and evolving threats, including climate change and cyber risk. There is a huge opportunity. Our latest NextWave Insurance report reveals that, should the industry act now, an unprecedented growth and profitability spike is within reach. By 2030, we project that large commercial insurers and reinsurers could experience:

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Spotlight

EmblemHealth

At EmblemHealth, we believe in health care for all of us. As one of the nations largest not-for-profit health insurance companies, we cover more than 3 million people, or one out of every three New Yorkers. We started back in the 1930s, at the height of the Great Depression. Out of hard times, the idea of health insurance was born: a system that would protect everyday people from financial misfortune if they had an accident or illness. Two companies from those early days of health insurance, Group Health Incorporated (GHI) and Health Insurance Plan of Greater New York (HIP), would later merge and become EmblemHealth. And after 80 years, our purpose as a not-for-profit is still the same: to provide quality, affordable health insurance for New Yorkers and their families.

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