article thumbnail

Healthcare Industry — The Rise of Vertical Integration

Tom Spencer

In recent years, players in the healthcare industry have strived to create more effective systems in order to improve overall patient outcomes. For example, an insurance company might take control of hospitals, primary care providers, home services, or community agencies. How to break out of the old model?

article thumbnail

New Technologies in the Insurance Landscape (Part 2 – Blockchain)

Tom Spencer

Because virtually any type of information can be digitized, codified and placed onto a blockchain (a database that is tamper-proof and permanent), the technology’s potential to impact various industries is significant. Peer-to-peer insurance. This global expansion opens a new realm of opportunity for the insurance industry.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Generating Value While Transforming Insurers’ Legacy Technology

BCG

For insurers that are considering a digital transformation of their business, technology is at the heart of the endeavor. Comparisons with industry peers no longer define customer expectations. Forward-looking insurers first need to alter their approach. Article Thursday, December 08, 2016.

article thumbnail

Blockchain Could Make the Insurance Industry Much More Transparent

Harvard Business

While Edward Lloyd is largely credited with commercializing the insurance industry, with the creation of his namesake firm, Lloyd’s, over 330 years ago, the original concept of spreading risk (or “mutualizing”) goes back even further. However, even these commodity offerings can find ways to innovate and survive.

article thumbnail

How the Insurance Industry Can Push Us to Prepare for Climate Change

Harvard Business

It might seem, then, that private insurance can be of little help in addressing climate change. There’s concern that for-profit insurers won’t want to insure risky properties, and that individuals won’t have the wherewithal to buy insurance plans in the first place. Dating back to at least F.

article thumbnail

Why CEO’s Hire Consultants and Coaches: The REAL Value They Bring with Brad Rex

Consulting Matters

Now, they are in network with all the major insurance companies and have a major partnership with Wounded Warrior Project. He is a strategic and operational leader, having led strategic planning, finance and business development teams for these companies, as well as leading large operating units of over $500 million and $1 billion in revenue.

article thumbnail

356: Jennifer Kluge—Meet The Leader To Build Your Business Into One Of The Best And Brightest

On the Brink Podcast

Her organization, the National Association for Business Resources , was focused wholly on businesses in Michigan, offering important services from insurance products to support with accounts receivables.