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

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

Insurance 78

Insurance Insurance Enterprise 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

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

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.

Insurance 78

Insurance Insurance Efficiency Industry 78

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

Insurance 84

Insurance Insurance Industry Development 84

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

Insurance 60

Insurance Insurance Development Productivity 60

McKinsey

APRIL 17, 2017

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

Insurance 105

Insurance Insurance 105

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

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

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

Insurance 86

Insurance Insurance Industry Resources 86

McKinsey

FEBRUARY 13, 2019

Underwriting in insurance is essential to performance excellence. Today’s carriers will need to evolve the role to meet the industry and customer needs of tomorrow. Insights on Financial Services

Insurance 73

Insurance Insurance Meeting Industry 73

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

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.

Insurance 63

Insurance Insurance 63

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

DECEMBER 15, 2018

Highlights from articles this year show the progress that has been made in reinventing the insurance landscape—and suggest more disruption to come. Insights on Financial Services

Insurance 87

Insurance Insurance Financial 87

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

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 77

Insurance Insurance Sales Industry 77

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

JANUARY 31, 2019

The deep transformation of healthcare company Anthem presented unique challenges. Here’s how the company set up its strategy to meet them. Digital Insights

Healthcare 74

Healthcare Insurance Insurance Meeting 74

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

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 84

Insurance Insurance Company 84

McKinsey

APRIL 6, 2018

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

Insurance 49

Insurance Insurance Financial 49

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 74

Insurance Insurance 74

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

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 97

Insurance Insurance Industry 97

McKinsey

DECEMBER 11, 2018

After grappling with aggregators for 20 years, many European insurers have embraced them as an effective way to reach customers. We estimate that today almost 50 percent of online insurance in Europe is sold via aggregators. The implications for insurers are significant. Insights on Financial Services

Insurance 63

Insurance Insurance Financial 63

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

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

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 87

Insurance Insurance Industry Financial 87

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 73

McKinsey Insurance Insurance Industry 73

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

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

McKinsey

NOVEMBER 13, 2018

For leading insurance carriers to keep up with customers and competitors, they must prioritize digital transformation—and they can begin by implementing technologies in four areas. Insights on Financial Services

Insurance 70

Insurance Insurance Financial 70

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

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 91

McKinsey Video Insurance Insurance 91

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

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 55

Insurance Insurance Productivity Financial 55

McKinsey

MAY 18, 2017

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

Insurance 86

Insurance Insurance 86

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 56

Insurance Insurance Data 56