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New Technologies in the Insurance Landscape (Part 3 – Cloud)

Tom Spencer

Productivity: IT teams can allocate their time to more important business tasks, rather than time-consuming IT management chores essential for on-site data centers. 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.

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Product and process

Seth Godin Blog

I haven’t seen any data that says that working in accounting for a candy company is more fun or more satisfying than working in accounting for an insurance company. Often, we use the product we make as a reason to tolerate the process we don’t enjoy. And mostly we get the day to day.

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New Technologies in the Insurance Landscape (Part 1 – Artificial Intelligence)

Tom Spencer

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. Artificial Intelligence.

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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. Forward-looking insurers first need to alter their approach. See, for example, “Digitizing Customer Journeys and the New Insurance IT Model,” BCG article, August 2016.) Article Thursday, December 08, 2016.

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Driverless Cars Will Change Auto Insurance. Here’s How Insurers Can Adapt

Harvard Business

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.

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How To Deliver Value For An Invisible Product With Keith Farley

Strategic Planning and Management Insights

Keith Farley shares the best strategies and most relatable approaches to selling an intangible and invisible product.

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Wealth Management 101: The Hidden World of Private Banking

Tom Spencer

The financial services industry comprises firms that operate across a range of sectors: Asset & Wealth Management, Banking & Capital Markets, and Insurance. In simple terms, asset management firms are the ‘manufacturers’ of investment products (e.g., clients can purchase iShares on the RBC Wealth platform).

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