Insurance Thought Leadership

Six Things | December 14, 2021 by Insurance Thought Leadership

A Wake-Up Call on Claims Paul Carroll, Editor-in-Chief of ITL Digitizing the claims process has been one of the shining examples of innovation in insurance — or so it seemed. But J.D. Power threw some cold water on that notion in a report released...

Posted: Dec 14, 2021

Incumbents Are Slow on ‘Open Insurance’ by Maarten Bakker

Open insurance continues to be the next game changer in insurance. The second edition of the INNOPAY Open Insurance Monitor, which keeps track of how the global Open Insurance landscape is evolving, reveals a rise in the number of insurtech player...

Posted: Dec 13, 2021

A Wake-Up Call on Claims by Paul Carroll

Digitizing the claims process has been one of the shining examples of innovation in insurance — or so it seemed. But J.D. Power threw some cold water on that notion in a report released last week. “The industry is lagging far behind fi...

Posted: Dec 13, 2021

Surest Path to Healthy Prospect Pipeline by Kevin Trokey

One of the primary reasons our clients approach us is in the first place is their struggle with empty pipelines. While most of them struggle for the same reason, we never make that assumption. Before offering advice, we ask questions. We could ask...

Posted: Dec 13, 2021

What to Understand About Gen Z by Stephen Boucher

Generation Z, or “Zoomers,” the cohort born between the late ’90s and early 2010s, is widely known as the first “digital native” generation. They are also the least likely to purchase any form of insurance. Insurers should understand the uni...

Posted: Dec 13, 2021

The Virtual Insurance Agent by Insurance Thought Leadership

The sky is the limit for conversational AI. Companies worldwide will spend more than $400 billion on call centers in 2022, and insurance companies will be among the big spenders – all to deliver an experience to customers that no one would conside...

Posted: Dec 10, 2021

The Future of the Independent Agent by Kaitlyn Taylor

COVID-19 changed how we sell insurance and rewrote the role of the independent agent forever. Many agencies took significant time to adapt to the pandemic and ran into challenges from communication to management — especially because many wer...

Posted: Dec 10, 2021

3 Common Mistakes When Verifying COIs by David Thomas

Third-party insurance verification ensures a vendor or a business partner’s insurer can actually pay for losses or damages. Contracts obligate business partners to maintain some level of coverage, but enterprises have to verify that third parties...

Posted: Dec 09, 2021

Six Things |December 7, 2021 by Insurance Thought Leadership

IoT Comes Into Focus Paul Carroll, Editor-in-Chief of ITL Now that we’ve been talking about the Internet of Things for a decade-plus and have been deploying it for several years, reality and fantasy are separating out. A new report from McKi...

Posted: Dec 08, 2021

IoT Comes Into Focus by Paul Carroll

Now that we’ve been talking about the Internet of Things for a decade-plus and have been deploying it for several years, reality and fantasy are separating out. A new report from McKinsey offers some sharp insights both into how the IoT will...

Posted: Dec 07, 2021

ITL FOCUS: Smart Home by Insurance Thought Leadership

December 2021 FOCUS OF THE MONTH Smart Home FROM THE EDITOR For nearly 30 years, I’ve been hearing about smart homes. Even before a commercial version of the internet browser was invented in the early 1990s, the rich, geeky types I dealt wit...

Posted: Dec 01, 2021

Premature Failure in CPVC Pipes by Dan Robles

This paper identifies a series of event...

Posted: Dec 01, 2021