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Discover articles, reports, market insights, interviews and more across the hottest insurance topics today.

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Embracing Change: The Role of Creative Destruction in Business Evolution

Like pencils and erasers, Creative Destruction serves to write, rewrite, and discard old and new ideas. The term Creative Destruction was first introduced by a well-known economist, Joseph Schumpeter. The term describes a mechanism of technological change that leads to the replacement of outdated and current economic structures.
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The Quintessence of Leadership: Mastering the Art of Communication

In a recent coaching session, a young professional posed a thought-provoking question: "What is the most crucial universal skill for strong leaders?" This query resonates deeply in the realm of leadership development. My immediate response was "communication" – a skill fundamental yet complex, encompassing a range of abilities crucial for effective leadership.

Mixed-mode: The Future of Insurance Distribution

The insurance industry stands at a pivotal juncture, with the emergence of millennials as the dominant demographic in the marketplace. Surpassing Baby Boomers, this group now represents the largest segment of potential insurance customers. This shift is not merely a demographic change but a transformative moment that demands a reevaluation of insurance distribution models.

Navigating the Digital Seas: The Transformation Journey of Life & Annuities in the Insurance Industry

Over the past several quarters, the life and annuities (L&A) sector has emerged as a beacon of growth and potential within the broader insurance industry. This segment's expansion, while promising, raises pivotal questions about the readiness of life carriers to scale effectively, given their historically antiquated systems and complex operational landscapes.

FiveM Consulting and Fortimize Forge Strategic Partnership to Elevate Insurance Industry’s Salesforce Experience

Two industry leaders, FiveM Consulting and Fortimize, are excited to announce a strategic partnership aimed at enhancing the utilization and adoption of Salesforce and Data & Analytics capabilities within the insurance sector. This collaboration is poised to bridge a longstanding gap of insurance industry expertise and technical delivery excellence.

Navigating the Storm: Lessons from a Full-Scale Cyber Attack

After spending nearly two decades in insurance technology, the last six as a CIO, I thought I had encountered most challenges my career could throw at me. I survived 9/11 in NYC, a massive blackout the next year, catastrophic weather, and then COVID. But the most remarkable learning experience was a full-scale cyber attack. But the most remarkable learning experience was a full-scale cyber attack.

The Biggest Risk Facing Insurers: Failing to Meet Strategic Objectives

Carol A. Williams' article, "Why Strategic Implementations Fail and the Counterintuitive Way to Address It," published in Carrier Management, offers a critical analysis of the challenges faced by property/casualty insurers in executing their strategic goals. The article highlights a startling statistic: despite improvements over the years

Embracing Nearshore Operations: A Winning Strategy in IT Talent Acquisition for Insurance Companies

In the rapidly evolving digital landscape, insurance companies face the critical challenge of enhancing their technological capabilities. Nearshore operations, particularly in IT talent acquisition, have surfaced as a strategic response to this challenge.

The InsurTech Inflection: Navigating the New Age of Insurance

InsurTech is a pivotal force reshaping the insurance industry. Fusing insurance and technology shifts the paradigm. It introduces cutting-edge tools and methodologies to an age-old sector. InsurTech applies technologies like artificial intelligence, big data, and blockchain to revolutionize insurance processes, including these fundamentals

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