Consultants Mind

DECEMBER 20, 2017

Here’s a breakdown of the most common terms found on a health insurance policy. Premium is the amount you and/or your employer pay each month towards an insurance policy. This enables the employer to pay February’s insurance bill at the beginning of February and allows the employee to have coverage for the entire month, even if the employee quits on February 1. A deductible is how much you pay before insurance kicks in to cover any remaining expenses.

Insurance 181

Insurance Insurance Policies Examples 181

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.

Insurance 78

Insurance Insurance Accenture Agile 78

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.

Insurance 106

Insurance Insurance Data Marketing 106

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

Insurance 58

Insurance Insurance Industry Operations 58

McKinsey

APRIL 17, 2017

Life insurers have been latecomers to the digital era. That will have to change. Our Insights

Insurance 106

Insurance Insurance 106

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.).

Insurance 87

Insurance Insurance Comparison Industry 87

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.

Insurance 78

Insurance Insurance Benchmarking Construction 78

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.

Insurance 54

Insurance Insurance Deloitte Finance 54

McKinsey

APRIL 6, 2018

How incumbents can adapt and save to remain competitive in the digital age. Insights on Financial Services

Insurance 53

Insurance Insurance Financial 53

McKinsey

AUGUST 16, 2018

We have adapted the framework they presented to the insurance industry. Last year, our colleagues in the Marketing and Sales Practice published a piece on personalized marketing. Insights on Financial Services

Insurance 67

Insurance Insurance Sales Industry 67

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.

Insurance 55

Insurance Insurance Boston Consulting Group Analysis 55

McKinsey

MARCH 9, 2018

Attackers are transforming the competitive landscape and elevating customer expectations, so insurance companies must integrate digital technologies into their operations to keep pace. Claims should be a top priority. Insights on Financial Services

Insurance 87

Insurance Insurance Operations Company 87

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

Insurance 36

Insurance Insurance Operations Industry 36

MishTalk

JANUARY 16, 2017

In an interview in the Washington Post , Trump Vows ‘Insurance for Everybody’ in Obamacare Replacement Plan. more…). Economics

Insurance 43

Insurance Insurance Interviews 43

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

Insurance 85

Insurance Insurance Company 85

McKinsey

MAY 11, 2018

The following article is an extract from the annual white paper of the McKinsey Global Insurance Pools team. The report describes global trends in the insurance industry, leveraging the McKinsey Global Insurance Pools database.

McKinsey 79

McKinsey Insurance Insurance Trends 79

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

Insurance 76

Insurance Insurance 76

McKinsey

AUGUST 21, 2018

Insurance carriers will continue to struggle with profitable growth unless they reshape their distribution model by changing how they work with, and what they expect of, wholesalers. Insights on Financial Services

Insurance 58

Insurance Insurance Productivity Financial 58

McKinsey

APRIL 20, 2018

The industry is on the verge of a seismic, tech-driven shift. A focus on four areas can position carriers to embrace this change. Insights on Financial Services

Insurance 86

Insurance Insurance Industry Financial 86

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.

Insurance 99

Insurance Insurance Industry 99

McKinsey

MARCH 9, 2017

Regulation, product complexity, and insurers’ large balance sheets have kept digital attackers from insurers’ gates. That is changing, but in ways incumbents should embrace. They can flourish in the digital age—if they move swiftly and decisively. Our Insights

Balance Sheet 87

Balance Sheet Insurance Insurance Productivity 87

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.

Insurance 97

Insurance Insurance How To Financial 97

BCG

APRIL 7, 2016

Insurers know that many small businesses in the US—those with up to 30 workers—will eventually buy insurance directly online. What insurers don’t appreciate is how fast this shift is likely to happen. Article Thursday, April 07, 2016.

Small Business 77

Small Business Insurance Insurance Boston Consulting Group 77

BCG

AUGUST 18, 2016

One Monday morning, as he rides the bus to work from his new apartment in the city’s Wilmersdorf section, where the family moved over the weekend, Rolf downloads his insurance company’s mobile app and updates his account information. Article Thursday, August 18, 2016. Consider this scenario.

Insurance 82

Insurance Insurance Data Productivity 82

McKinsey

JULY 26, 2018

In this video, McKinsey senior partner Johannes-Tobias Lorenz introduces the concept of digital ecosystems and discusses the roles insurers can play in them.

McKinsey 82

McKinsey Video Insurance Insurance 82

McKinsey

MAY 12, 2017

Insurers collect a wealth of data, but few have found a way to monetize this asset. New “data as a business” models point the way forward. Our Insights

Insurance 60

Insurance Insurance Data 60

Consultant Ninja

NOVEMBER 14, 2013

The individual market health care exchanges are set up to, in part, enable the the (non-medicaid) poor, sick, and uninsured to get affordable insurance. But for this risk pool to work, you need a bunch of people who can pay insurance and aren''t that sick. Forcing people out of their existing individual insurance plans wasn''t a surprising, unintended consequence - it is a core design objective of the success of the ACA

Insurance 116

Insurance Insurance Marketing 116

BCG

MAY 4, 2016

When Chinese life and auto insurers set their agendas, they should think about how to make their brands more trustworthy, their products and services simpler, and their claims processing faster and more transparent. Their answers provide a map of where insurers can look to gain an advantage.

Insurance 70

Insurance Insurance Boston Consulting Group Survey 70

McKinsey

MAY 18, 2017

Incumbents should consider partnerships and find new value-added services. Digital Disruption

Insurance 87

Insurance Insurance 87

BCG

AUGUST 21, 2016

Yue, a 38-year-old mother in Beijing, knows all about the limitations of health insurance in China. Her public insurance allows her to go to public hospitals to get routine care, but those hospitals are crowded and confusing to navigate. Focus Monday, August 22, 2016.

Insurance 70

Insurance Insurance Policies System 70

McKinsey

OCTOBER 19, 2016

Big data and advanced analytics will enable a wide range of new business applications for life insurers, empowering sales forces and better serving consumers. Our Insights

Insurance 80

Insurance Insurance Sales Data 80

BCG

MAY 9, 2017

Though solid performance in the fast-growing North American market and in the UK has buoyed London Market insurers, they must improve in emerging markets, reinsurance, workforce diversity, and innovation. Article Tuesday, May 09, 2017.

Insurance 52

Insurance Insurance Marketing 52

MBO Partners

MARCH 28, 2018

Learn the benefits of small business insurance and how to decode what the terms in your policy mean

Small Business 39

Small Business Policies Insurance Insurance 39

McKinsey

JANUARY 26, 2017

The global market for private health insurance is being disrupted—but also growing rapidly. Understanding the forces at work can help payors capture the opportunity. Our Insights

Insurance 75

Insurance Insurance Marketing Company 75

BCG

DECEMBER 15, 2016

Article Thursday, December 15, 2016 Life insurers are feeling the squeeze. In their efforts to adapt to this upside-down world, life insurers are focusing on optimizing their investment strategies and operations.

Insurance 89

Insurance Insurance Cash Flow Finance 89

McKinsey

SEPTEMBER 2, 2016

Digital transformation is challenging in insurance, where change must happen without interrupting the flow of daily business. Here’s how savvy leaders are taking on the challenge. Our Insights

Insurance 64

Insurance Insurance Strategy Strategy 64

BCG

JULY 26, 2016

Insurance 56

Insurance Insurance Survey Marketing 56

MBO Partners

OCTOBER 30, 2017

Five health insurance options for independent consultants

Insurance 30

Insurance Insurance Consulting 30

McKinsey

JUNE 29, 2018

A digital transformation can enable private health insurers in Europe to control costs, attract new customers and retain existing ones, and influence the quality and quantity of delivered care. Insights on Healthcare Systems & Services

Insurance 63

Insurance Insurance System Healthcare 63

MBO Partners

NOVEMBER 2, 2017

What you need to know about business insurance as an independent contractor

Insurance 36

Insurance Insurance 36

MBO Partners

FEBRUARY 6, 2018

Navigating health insurance as an independent professional can be daunting. Here's what you need to know about individual and group coverage options

Insurance 36

Insurance Insurance Groups Management 36

Harvard Business

DECEMBER 5, 2017

There is little doubt that the widespread adoption of autonomous vehicles will have a huge impact on the automobile insurance industry. Since insuring privately owned vehicles is what the auto insurance industry has been all about, insurers have every reason to be concerned about their future growth and profitability. However, auto insurers have one factor weighing in their favor: The shift to fully autonomous vehicles will be gradual. Infrastructure insurance.

Insurance 47

Insurance Insurance Software Accenture 47

MishTalk

JANUARY 3, 2017

Fukoku Mutual Life Insurance in Japan is about to replace claim adjusters with a software robot from IBM. Manufacturing jobs have already been decimated by robots. White collar workers are next in line. more…). Economics

Software 47

Software Insurance Insurance 47