In perusing Insurance Business America, we came across the insurtech weekly news roundup. In the roundup, we came across this: The coronavirus pandemic has underscored the need for insurers to modernize but fewer than 25% of the 200 largest global insurers have truly digitized their value chain. It might be more helpful to the remaining […]
Sorry. We couldn’t resist making the title of this post as sensational as possible. But we did find a headline that intrigued us. It was this, from Insurance Business America: “Wisconsin Supreme Court rules against insurance coverage for COVID losses:” The Wisconsin Supreme Court ruled on Wednesday, June 1, that businesses are not entitled to […]
The May edition of NU Claims contains an article entitled, “Cybersecurity compliance is about to get even trickier”. It contains this fact: A January study by KPMG found that senior risk executives in the Americas reported record losses from fraud, compliance breaches and cyberattacks over the last year and expect threats to grow in 2022. […]
On October 22, 2015, MIT Technology Review published a piece called, “Why Self-Driving Cars Must Be Programmed to Kill”. It’s hard to imagine the degree of academic detachment required to reduce a philosophical quandary to the level of computer programming and to anthropomorphize said computer and the programs it runs to the extent that a life-and-death […]
People don’t want to be sold. They want to buy. Do you think those sentences are contradictory? Consider this: Think about what happens when you walk into a retail store. An attendant usually comes up to you and asks, “May I help you?” You typically respond, “No, thank you. I’m just looking.” In all likelihood, that’s […]
In the middle of March, Insurance Thought Leadership published a post called, “‘No-Code’ Goes Mainstream”. The post offered this time-sensitive admonition: It’s time to take a hard look at no-code–generating computer programs without the need for programmers–which could streamline business processes and slash costs … No-code takes programming to the next level [no indication of […]
We received a report from McKinsey & Company called, “How top tech trends will transform insurance”. It begins with this statement: “Over the next decade, the fully tech-enabled insurer will bear little resemblance to today’s organization. Five trends, individually and in combination, will have a seismic impact.” Seismic impact is a little over the top. […]
Those of you who aren’t mathematically inclined may not be aware of the fact that today, March 14 (3.14), is International Pi (π) Day. Pi is a mathematical constant — derived from the ratio of the circumference of a circle to its diameter — roughly equal to 3.14159; although, its decimal representation never settles into a […]
It’s a new year. Spring is coming. That means the first trade show season of the year is coming. (Fall will be next.) That means a whole bunch of budgetary decisions have to be weighed against a whole bunch of social decisions. Given the gravity of those decisions, we decided to debate the issue amongst […]
After seeing a sizable number of articles and posts about the application of no-code/low-code (NC/LC) development in insurance, we recently conducted a Google search on that precise topic — no code/low code in insurance. The search yielded 4,920,000,000 hits, leading us to the conclusion that the topic might not be that new or novel. One […]
