Latest blog posts
Enhancing Customer Experience with Digital Transformation
In a world where technology is transforming every aspect of our lives, digitilisation is no longer an option for insurers. While known…
Opportunities and Challenges for P&C Insurers: Embracing Insurtech
The property and casualty (P&C) insurance industry offers a numerous amount of opportunities and challenges for P&C insurers as it undergoes…
3 Ways to Leverage APIs in the Insurance Industry
APIs (application programming interfaces) play an integral role in the global economy, particularly in the insurance and financial services sector. APIs were…
Embracing Compliance through Next-Generation Insurance Platforms
Key takeaways: Compliance is a critical aspect of the insurance industry, ensuring regulatory adherence and consumer protection. However, traditional insurance platforms often…
Cybersecurity for Insurers, tools and best practices
Key takeaways: Insurance companies are prime targets for cybercriminals due to the economic value they possess and the sensitive data they…
Internal Challenges of Modernizing
To attend to its corporate goals, satisfy its stakeholders and meet changing customer needs and expectations the organization faces pressure from…
Why modernize? – Pressure from the market
‘From maintaining relevance in the face of InsurTech disruptors to addressing the needs of today’s more demanding consumer, insurers looking to…
Innovating the Product Landscape with Parametric Insurance
In our blog Parametric insurance, delighting customers and carriers, we explained how this type of insurance, also called index-based, charms customers…
Parametric insurance, delighting customers and carriers
Traditionally associated with natural catastrophes, agricultural risks and other major events like pandemics, parameter insurance is on the rise and seeing…
Modern Insurance Platform Benefits
‘With the technology that has been used by insurers for decades, and even with many modern legacy core systems deployed just a…
Modern Insurance Platforms: What to look for
Reflecting on innovation across sectors, McKinsey states the following analogy[i]: “The question is not how fast tech companies will become car…
Digital Embedded Microinsurance Strategy: Keys for Success
Microinsurance, a small-duration, low-premium, high-volume insurance product appeared at the end of the twentieth century as a solution to cover the…
Microinsurance: The Drive of Technology
Microinsurance, a low premium, low margin and high-volume insurance has been the object of redoubled attention for a year or two….
Low-code no-code: The Key to the Digital Transformation?
Having been a laggard in digital transformation, the insurance industry has much catching up to do. The ever-changing digital landscape is…
Innovation at IBA
Innovation is a hot topic for insurance. The industry has lagged and has a lot of catching up to do to…
Drivers of Digital Transformation in the Insurance Industry
The digital transformation of insurance started with the introduction of IT systems and mainframes in the second half of the twentieth…
2.0, 2.5, or 3.0? – Embedded Insurance Part 2
In our blog Embedded Insurance and its Importance: Part 1 we explained how context (or a change thereof) determines taking on…
Embedded Insurance and its Importance: Part 1
Embedded finance, and now embedded insurance, has become a buzzword. What’s behind this concept? Why is it gaining so much traction…
The Cloud: Accessing Value for Insurers
We all know about the increased adoption of the cloud by every sector of the economy. Many things are said on…
Automation and Artificial Intelligence in P&C Insurance
Insurance is commonly thought to be slow and bureaucratic. Although the industry is transforming and this is changing, historically, all processes…
Solving Product Development Challenges
The insurance industry is constantly evolving, and creating new products to meet customers’ changing needs is critical to staying competitive. Solving the…
Overcoming Integration Challenges
The insurance industry is undergoing a rapid transformation due to technological advancements and changing consumer expectations. While these changes have the potential…
IBSuite: The Top 10 Advantages
The insurance industry has always been complex. With rapidly evolving customer expectations and a landscape ripe for digital disruption, insurance companies today…
The Top 5 Challenges Facing the Insurance Industry Today
The insurance sector has a vast global market value that far surpasses the gross GDP of many nations, making it one of…
The metaverse – part 2: How should insurers engage?
In The Metaverse – part 1: Should insurers care? I explained what the metaverse is, how Web 3.0 turns it possible and…
Metaverse – part 1: Should insurers care?
We were at the 2022 edition of Web Summit in Lisbon recently and were struck by how much the event was geared…
The benefits of a multi-core strategy for insurers
Core system modernization has picked up in the last few years for technical and economic reasons. Increased digital transformation has led insurers…
Customer experience in the driver’s seat of insurance transformation
Our expectations are driven by the GAFAMs Technology has entered our lives and is shaping our expectations. In an ever more connected…