Virtual conferences in insurance have become regular fare this year. In tune with flavors of the season, conference hosts have been excelling in lining up a distinguished cast of speakers. In the past week, I was privy to two well attended conferences, which were remarkable in the choice of stakeholder group representation. Along with incumbent […]
The future of several service industries may be headed towards ecosystems. Or so, a McKinsey study would make one believe. As per their research, as many as 12 large ecosystems yielding 30% of global revenues could become a reality in the next 5 years. In Part 1 of this article, examples of ecosystems in insurance […]
Friction in daily customer transactions has been diminishing. Regardless of whether they are at work, home or on the go, customers connect to digital ecosystems to fulfil needs. Globally, insurance customers tend to have similar preferences for connected services. They need safety, prevention, convenience and rewards for good behavior. Since they are accustomed to receiving […]
Hardly anyone would argue that change and innovation are not necessary in insurance. The $5 trillion global insurance industry is large, complex and capital intensive. With various relatively untapped market segments and under-penetrated world regions, the onset of PE/VC investments did herald the beginning of buoyant sentiment for more dramatic change and innovation than the […]
Two announcements today. The first is that Pat Kelahan is the latest person to join the Daily Fintech alumni who go on to do so much other great work. Your guides to Insurtech have included: Rick Huckstep Stephen Goldstein Pat Kelahan Rintu Patnaik Which brings me onto the second part of this announcement, which is about […]
The post Introducing Rintu Patnaik as the Daily Fintech Insurtech author appeared first on Daily Fintech.
Insurtech started later than BankTech but the disruption seems to be happening faster. As the Insurance market globally is over $5,000 billion a year, this is a big deal and why we have been covering Insurtech every day since this first post in 2015. As 80 percent of Insurance growth comes from Emerging markets, it […]
The post Interview with Rintu Patnaik about the future of Insurtech appeared first on Daily Fintech.
All good things become other good things and as such will be my tenure at the Daily Fintech. Seventeen months ago, I was welcomed to the blog’s author cohort by DF’s Managing Editor, Bernard Lunn. In the ensuing period I was a privileged author working with and conveying insurance and Insurtech news and goings-ons. I’ll […]
The last several months have given me more exposure to the machinations of innovative insurance ideas, details, and outcome to the point where one must wonder how there are hundreds of legit, active ideas making their way through incubators, plug and plays, sandboxes, sprints, tech fests, virtual pitches, and so on. Insurance is a $5 […]
The post It’s easy being a successful innovator, if one can simply peer into the Black Box of Magical Solution appeared first on Daily Fintech.
News comes in torrents in the digital environment, even the traditional masthead periodicals are issuing multiple digital headline bulletins each day. Same goes for insurance periodicals, blogs, and newsletters. So, I sit by the digital rapids, trying to catch a few drops from the current. This week’s article is a sample of the tastes I […]
The post Interesting view – watching the river of insurance news and much floats by… appeared first on Daily Fintech.
Knowing there are risks that are challenging to underwrite or expensive to share with a carrier does not have to limit a firm’s or groups options for risk management, nor does a prospective firm need to engage a top-heavy syndicate where 40% of premium dollars result in expense costs. For those firms with stout hearts, […]
The post Become a captive and be freed- an alternative to traditional risk management appeared first on Daily Fintech.