HOW INSURERS CAN STRENGTHEN THEIR ECOSYSTEM CAPABILITIES

MICHAEL LYMAN | May 28, 2019

article image
nsurers may recognize the importance of ecosystems in the future, but that doesn’t mean that they are completely equipped for disruption. In fact, many carriers currently overestimate their ecosystem capabilities. While 97% of the companies surveyed considered themselves a highly attractive ecosystem partner, less than 5% actually have the attributes of ecosystem masters. The reality is that, while ecosystems are critical to its future, the insurance industry still falls behind other sectors in terms of its maturity.

Spotlight

York Risk Services Group

At York, we believe that behind every person is a unique story. Because when a workplace injury occurs, a life event overshadows responsibilities or a community is damaged by something beyond its control, our specialized expertise and compassion allows us to understand what happened, so we can drive the best outcomes.

OTHER ARTICLES

10 Most Impactful AI-based Insurance Innovations of 2019

Article | April 13, 2020

The year 2019 has been a benchmark in insurance innovations that brought in new value propositions to the industry. What’s more remarkable is — both traditional Insurers and Insurtechs are striving to offer simple, convenient, and value-added customer-centric products coupled with technology initiatives. Here are 10 noteworthy insurance innovations that shaped the industry this year.

Read More

How Is COVID-19 Impacting the Insurance Industry?

Article | March 30, 2020

As the COVID-19 situation unfolds, governments around the world have a responsibility to look after their people, and most are doing exactly that with the resources they have at hand. Apart from government bodies and healthcare establishments, in unforeseen circumstances such as this involving loss of lives or jobs and the collapse of entire businesses, people are also looking to insurance organisations for support.

Read More

Why Do You Need Business Insurance Now?

Article | February 27, 2020

Every business has different dynamics. Thus, it becomes imperative that business owners have sufficient measures to safeguard against any unforeseen risk in the future. Regardless of your business size, there are always certain risks involved. Business insurance proves to be an extremely crucial tool to beat all the troubles which may accidentally arise at unwarranted any time. The business owners might end up paying a hefty amount of the losses.

Read More

BANKS CAN TEACH INSURERS HOW TO TURN DATA INTO PROFITS

Article | April 9, 2020

Open banking rules, particularly PSD2 regulations in Europe, have forced banks to share their customer information. Some progressive lenders have turned this threat to their businesses into a big opportunity. They’re using data-sharing ecosystems to reach more customers and launch new products. They’re also teaming up with promising business partners and expanding into fresh markets.

Read More

Spotlight

York Risk Services Group

At York, we believe that behind every person is a unique story. Because when a workplace injury occurs, a life event overshadows responsibilities or a community is damaged by something beyond its control, our specialized expertise and compassion allows us to understand what happened, so we can drive the best outcomes.

Events