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Is 6 percent or more of your net income flying out the window? Risk Insights MORE
Our annual life insurance and annuities review finds that the industry is poised for growth but will need to improve its capacity for bold resource allocation and productivity improvement. Insights on Financial Services MORE
In this video, McKinsey partner Sumit Popli discusses the role bancassurance, digitization, and digital distribution have been playing in Asia and what this means for insurers. MORE
For this reason, any reticence the insurance industry showed early on has been replaced with a holistic embrace of trusted cloud platforms. Cloud in the Insurance Sector. Insurance Media / Internet big data Cloud insurance MORE
Insurance carriers that capture the opportunities of IoT stand to boost revenues and reduce claims expenses. The Internet of Things connects the world in truly exciting ways. Insights on Financial Services MORE
Cash Cow Capex Thesis vs. Liquidity Insurance Thesis Nick Nelson has it correct. Much of the cash on hand is nothing but insurance against the same thing happening again. Nonetheless, the cash does provide cheap liquidity insurance against a credit crunch. MORE
SEPTEMBER 11, 2019
Chinese insurers can take four strategic actions to boost agency productivity and professionalize their core distribution channel. Insights on Financial Services MORE
In this post, I will go beyond a general interpretation of demand and give you an in-depth overview of a specific and expensive issue: the rising cost of public liability insurance. Ultimately, no one benefits from the high cost of public liability insurance. MORE
Our 2019 analysis of McKinsey’s Global Insurance Pools database offers a detailed look at global insurance trends, with analysis by region and line of business. Insights on Financial Services MORE
Insurance companies can reap significant benefits from overhauling their core IT systems. Deciding which approach to choose depends on a range of considerations. Insights on Financial Services MORE
In this video, McKinsey senior partner Bernhard Kotanko discusses the most attractive value pools in Asia insurance today and, looking ahead, suggests how to capture that value. Insights on Financial Services MORE
In an interview in the Washington Post , Trump Vows ‘Insurance for Everybody’ in Obamacare Replacement Plan. more…). Economics MORE
Machines can now match or outperform humans across a range of activities in a number of industries, including insurance. Advances in robotics, cognition, artificial intelligence, and machine learning are ushering in a new era of automation. MORE
Most carriers are struggling to meet their cost of capital, and productivity has barely moved over the past decade. Taking a more structural approach to productivity is required to make significant progress. Insights on Financial Services MORE
Cyber insurance helps protect your company from costly data breaches not covered by general or professional liability insurance. Learn the benefits of cyber insurance, what it protects, and why you should consider it if your company engages independent contractors MORE
In an era of narrow margins and slow growth, insurers’ need to invest in analytics has never been greater. A few thoughtful initiatives can accelerate the analytics journey. Our Insights MORE
Digital disruption is touching every aspect of the consumer market, including the insurance industry. Traditionally, the insurance industry has lagged behind other sectors in the shift into digital technologies, its business model proving to be remarkably resilient. MORE
Before attempting to execute new strategies, insurance companies need to reevaluate every dimension of their operating model. Here are some recommendations MORE
The first sector to be disrupted by connected-car technologies could be auto insurance. The overall safety improvements ushered in by self-driving technology will affect the insurance business long before fully autonomous vehicles reach the mainstream. MORE
Many industries including insurance are adapting quickly to the many changes impacting the future workplace insurance 2025. AI, automation, robotics, changing worker attitudes are quickly impacting the future of insurance. The post Future Workplace Insurance 2025 appeared first on NextMapping. Blog future of insurance future of work future of work expert future of work trends future ready leaders future ready teams future workplace 2025 lead change MORE
This article is based on “Influencing Outcomes in a Consolidating Insurance Industry: Three Keys to Value Creation,” by Pia Tischhauser, published in January 2016 in The Geneva Association’s Insurance and Finance Newsletter. Although not quite at the stage of mania, mergers have been sweeping the global insurance industry. The half of insurance deals that failed to deliver value had fallen prey to a variety of culprits. Insurers can do better. MORE
Invest for the future, reduce your debts, and insure your income. Insure Your Income. One way to protect your lifestyle and your family is to take out insurance: life insurance, income protection insurance, and property insurance. MORE
A small group of winners captures much of the economic profit in the insurance industry. New research quantifies just how far ahead the leaders are—and what other insurers can do to catch up. MORE
As insurance companies allocate more resources to technology functions, operations will need to reshape to make the most of their new tools. Insights on Financial Services MORE
For insurers that are considering a digital transformation of their business, technology is at the heart of the endeavor. Forward-looking insurers first need to alter their approach. See “Building a Digital Technology Foundation in Insurance,” BCG article, August 2016.). MORE
Kai Grünewald, a founding partner at McKinsey subsidiary Aberkyn, discusses bringing more humanity to the insurance workplace, the role of emotions in resilience, and stories as tools. MORE
Here’s the opening of an email to executives in the Insurance Industry interested in increasing sales: We’ve all seen this opera a thousand times: Yes, insurance salespeople have been the victim of vicious stereotypes. MORE
Life insurers have been latecomers to the digital era. That will have to change. Our Insights MORE
Asian insurers have achieved remarkable growth in recent years, but disruptors are looming. To maintain their momentum, these insurers must ramp up their digital and advanced analytics capabilities. MORE
Insurers can develop a competitive advantage by looking to how leading technology and consumer-product companies accelerate product development and improve product innovation. Insights on Financial Services MORE
Insurers today face a host of digital to-dos if they want to stay competitive—much less gain an advantage on their peers. Most insurers need to overcome significant constraints in their current IT landscape. We recently researched the readiness of insurers to go digital. MORE
Insurance industry observers, for their part, believe that the innovative distributed ledger could introduce a variety of improvements and efficiencies to the insurance landscape, and have the following four applications: Fraud detection. Peer-to-peer insurance. MORE
This environment brings opportunities for insurers: to develop new products, open new distribution channels, and extend their role to include prediction, prevention, and assistance. The Internet of Things has entered customers’ everyday lives around the globe and transformed business models across industries. Insights on Financial Services MORE
Insurance Related Topics Tom Spencer
JUNE 22, 2019
In this post, I will go beyond a general interpretation of demand and give you an in-depth overview of a specific and expensive issue: the rising cost of public liability insurance. Ultimately, no one benefits from the high cost of public liability insurance.
Tom Spencer
DECEMBER 1, 2018
For this reason, any reticence the insurance industry showed early on has been replaced with a holistic embrace of trusted cloud platforms. Cloud in the Insurance Sector. Insurance Media / Internet big data Cloud insurance
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Tom Spencer
OCTOBER 6, 2018
Digital disruption is touching every aspect of the consumer market, including the insurance industry. Traditionally, the insurance industry has lagged behind other sectors in the shift into digital technologies, its business model proving to be remarkably resilient.
Tom Spencer
OCTOBER 20, 2018
Insurance industry observers, for their part, believe that the innovative distributed ledger could introduce a variety of improvements and efficiencies to the insurance landscape, and have the following four applications: Fraud detection. Peer-to-peer insurance.
BCG
OCTOBER 13, 2016
Auto insurers are basking in a false sense of security, seemingly oblivious to the impending decline in market size and the threat of new entrants. Insurers must adapt. Article Thursday, October 13, 2016.
McKinsey
DECEMBER 17, 2019
As insurance companies allocate more resources to technology functions, operations will need to reshape to make the most of their new tools. Insights on Financial Services
|
McKinsey
AUGUST 15, 2019
Most carriers are struggling to meet their cost of capital, and productivity has barely moved over the past decade. Taking a more structural approach to productivity is required to make significant progress. Insights on Financial Services
McKinsey
JUNE 19, 2019
A small group of winners captures much of the economic profit in the insurance industry. New research quantifies just how far ahead the leaders are—and what other insurers can do to catch up.
McKinsey
MAY 11, 2019
Our 2019 analysis of McKinsey’s Global Insurance Pools database offers a detailed look at global insurance trends, with analysis by region and line of business. Insights on Financial Services
The More Clients Blog
APRIL 15, 2019
Here’s the opening of an email to executives in the Insurance Industry interested in increasing sales: We’ve all seen this opera a thousand times: Yes, insurance salespeople have been the victim of vicious stereotypes.
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McKinsey
NOVEMBER 5, 2019
Insurance companies can reap significant benefits from overhauling their core IT systems. Deciding which approach to choose depends on a range of considerations. Insights on Financial Services
|
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McKinsey
OCTOBER 29, 2019
Four McKinsey partners describe their Claims 2030 vision. Insights on Financial Services
McKinsey
AUGUST 22, 2019
In this video, McKinsey partner Sumit Popli discusses the role bancassurance, digitization, and digital distribution have been playing in Asia and what this means for insurers.
MBO Partners
JANUARY 21, 2019
Cyber insurance helps protect your company from costly data breaches not covered by general or professional liability insurance. Learn the benefits of cyber insurance, what it protects, and why you should consider it if your company engages independent contractors
McKinsey
APRIL 17, 2017
Life insurers have been latecomers to the digital era. That will have to change. Our Insights
BCG
DECEMBER 8, 2016
For insurers that are considering a digital transformation of their business, technology is at the heart of the endeavor. Forward-looking insurers first need to alter their approach. See “Building a Digital Technology Foundation in Insurance,” BCG article, August 2016.).
Strategy+Business
JUNE 17, 2018
Before attempting to execute new strategies, insurance companies need to reevaluate every dimension of their operating model. Here are some recommendations
McKinsey
JUNE 25, 2019
Insurance carriers that capture the opportunities of IoT stand to boost revenues and reduce claims expenses. The Internet of Things connects the world in truly exciting ways. Insights on Financial Services
McKinsey
JANUARY 26, 2019
Insurers can develop a competitive advantage by looking to how leading technology and consumer-product companies accelerate product development and improve product innovation. Insights on Financial Services
McKinsey
SEPTEMBER 11, 2019
Chinese insurers can take four strategic actions to boost agency productivity and professionalize their core distribution channel. Insights on Financial Services
MishTalk
JANUARY 23, 2014
Cash Cow Capex Thesis vs. Liquidity Insurance Thesis Nick Nelson has it correct. Much of the cash on hand is nothing but insurance against the same thing happening again. Nonetheless, the cash does provide cheap liquidity insurance against a credit crunch.
BCG
AUGUST 29, 2016
Insurers today face a host of digital to-dos if they want to stay competitive—much less gain an advantage on their peers. Most insurers need to overcome significant constraints in their current IT landscape. We recently researched the readiness of insurers to go digital.
McKinsey
DECEMBER 17, 2019
Kai Grünewald, a founding partner at McKinsey subsidiary Aberkyn, discusses bringing more humanity to the insurance workplace, the role of emotions in resilience, and stories as tools.
Strategy+Business
FEBRUARY 5, 2017
The first sector to be disrupted by connected-car technologies could be auto insurance. The overall safety improvements ushered in by self-driving technology will affect the insurance business long before fully autonomous vehicles reach the mainstream.
McKinsey
OCTOBER 29, 2019
Asian insurers have achieved remarkable growth in recent years, but disruptors are looming. To maintain their momentum, these insurers must ramp up their digital and advanced analytics capabilities.
McKinsey
SEPTEMBER 7, 2019
In this video, McKinsey senior partner Bernhard Kotanko discusses the most attractive value pools in Asia insurance today and, looking ahead, suggests how to capture that value. Insights on Financial Services
BCG
MAY 2, 2016
This article is based on “Influencing Outcomes in a Consolidating Insurance Industry: Three Keys to Value Creation,” by Pia Tischhauser, published in January 2016 in The Geneva Association’s Insurance and Finance Newsletter. Although not quite at the stage of mania, mergers have been sweeping the global insurance industry. The half of insurance deals that failed to deliver value had fallen prey to a variety of culprits. Insurers can do better.
McKinsey
FEBRUARY 5, 2019
This environment brings opportunities for insurers: to develop new products, open new distribution channels, and extend their role to include prediction, prevention, and assistance. The Internet of Things has entered customers’ everyday lives around the globe and transformed business models across industries. Insights on Financial Services
McKinsey
SEPTEMBER 20, 2019
A 20-year industry veteran, Radoslaw Kaminski believes that insurers must rethink long-standing business models and “become part of something bigger.”.
McKinsey
OCTOBER 31, 2018
Our annual life insurance and annuities review finds that the industry is poised for growth but will need to improve its capacity for bold resource allocation and productivity improvement. Insights on Financial Services
McKinsey
NOVEMBER 19, 2019
Is 6 percent or more of your net income flying out the window? Risk Insights
MishTalk
JANUARY 16, 2017
In an interview in the Washington Post , Trump Vows ‘Insurance for Everybody’ in Obamacare Replacement Plan. more…). Economics
McKinsey
OCTOBER 29, 2019
Githesh Ramamurthy, chairman and CEO of CCC Information Services, shares his views on the future of claims. Insights on Financial Services
McKinsey
JULY 19, 2017
In an era of narrow margins and slow growth, insurers’ need to invest in analytics has never been greater. A few thoughtful initiatives can accelerate the analytics journey. Our Insights
McKinsey
JUNE 9, 2017
Machines can now match or outperform humans across a range of activities in a number of industries, including insurance. Advances in robotics, cognition, artificial intelligence, and machine learning are ushering in a new era of automation.
Tom Spencer
SEPTEMBER 29, 2013
Invest for the future, reduce your debts, and insure your income. Insure Your Income. One way to protect your lifestyle and your family is to take out insurance: life insurance, income protection insurance, and property insurance.
McKinsey
DECEMBER 19, 2017
Insurance companies have the opportunity to create new sources of revenue by rethinking their traditional roles and adopting an ecosystem mind-set. Our Insights
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