Top insurance industry issues in 2018

October 25, 2018

The insurance industry has gone through its own digital transformation over the past five years. With a general acceptance that digital is here to stay, most insurers have incorporated digital into their organizations, implementing ad hoc capabilities to make their business faster and cheaper, creating online tools to further engage their distribution channels, and implementing table stakes technology in areas such as marketing, digital portals, customer selfservice capabilities, and automation of some back-end processes.

Spotlight

The Personal Insurance Company

Together, The Personal and your organization give you access to exclusive group home, auto and business insurance rates and customized coverage. For more than 40 years, The Personal provides home and auto group insurance to members and employees of participating organizations. It now also offers recreational vehicle, business and pet insurance products. The Personal have been committed to meeting the unique needs of clients, and this commitment has earned them the trust of more than 700 Canadian businesses and associations today.

OTHER WHITEPAPERS
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Can Insurers Learn How to Develop Strong Digital Customer Relationships?

whitePaper | January 12, 2022

Insurers need to tackle the rapid changes to their ecosystem. They instinctively react in the same way they have always reacted in previous crises — by making marginal adaptations to the traditional way of doing things and further optimizing and streamlining the existing business model.

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Data Science – Transforming Health Insurance

whitePaper | June 24, 2022

Health care solutions devised in the past are becoming redundant at lightning speed due to the ever evolving and varying health care demands. This is driven by demographic changes, medical inflation, consumerism, regulatory changes, and growing awareness of patients regarding their own health care. Continuous efforts are being made towards understanding health care needs and accordingly building sustainable solutions. This includes driving better product structures, price differentiation, claims management, customer engagement, and risk profiling by making technological, economic, and societal changes.

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Business case for reinsurance administration automation

whitePaper | November 8, 2022

What are the risks and issues relating to reinsurance management? How do you raise management awareness and present the business case for implementing a modern digital solution for reinsurance management in your organisation?

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The future of motor risk: Driver today, passenger next

whitePaper | September 26, 2022

There are several developments that continue to impact the automotive industry to a significant extent. Among these factors are the push by governments towards vehicles powered by new energies, the COVID-19 pandemic with its subsequent economic fallout – such as chip and raw material shortages – war, socio-demographic changes, and technological advancements.

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Cyber Insurance 2022: Reality from the InfoSec Frontline

whitePaper | May 15, 2022

Sophos’ annual study of the real-world experience of IT professionals at the frontline has revealed how their experience of obtaining cyber insurance coverage has changed over the last year. It also shows the impact cyber insurance has had on their cyber defenses. With ransomware a major driver of both cyber insurance purchase and claims, the study also shines light onto how often cyber insurance policies pay out in the event of an attack and the types of costs that are addressed, including how often insurers pay the ransom.

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Moving to the cloud is reshaping the insurance industry

whitePaper | October 25, 2022

With many employees working from home and digital business on the rise, insurers need a solution for managing, data, core systems and organisational needs. This whitepaper discusses the benefits of cloud computing for insurance companies.

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Spotlight

The Personal Insurance Company

Together, The Personal and your organization give you access to exclusive group home, auto and business insurance rates and customized coverage. For more than 40 years, The Personal provides home and auto group insurance to members and employees of participating organizations. It now also offers recreational vehicle, business and pet insurance products. The Personal have been committed to meeting the unique needs of clients, and this commitment has earned them the trust of more than 700 Canadian businesses and associations today.

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