- Where Insurance & Technology Meet

InsurTechs – A Friend Or Foe To Insurers?

IBM Insurance Industry Blog by Christian Bieck, Insurance Practice Leader, IBM Institute for Business Value Toronto, ON (Feb. 15, 2018) – How often have you heard the thought leaders claiming “this time it is different – this time, the insurance industry is REALLY being disrupted.” The latest chapter is the insurtech business – flexible, young… Read more »

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New App Helps New Home Buyers With Their Decision

A 2018 ICTA nomination Toronto, ON (Jan. 12, 2018) – Quickly 5 star rated, the mobile app Home to Be was released by The Co-operators Group Limited to the Apple Store in September 2017 to support a pilot phase in Ontario.  Home to Be is a free app and provides essential information that helps Ontario homebuyers… Read more »

EY announces offering to automate cyberattack response workflow

London, UK (Jan. 9, 2018) – EY today announces that the EY Incident Response Integration Service is using IBM Security technology to help organizations improve the tracking of and response to cyberattacks. Powered by the IBM Resilient® Incident Response Platform, the EY Incident Response Process Integration Service includes customizable solutions that simplify and automate organizations’… Read more »

IBM Research and UC San Diego Collaborate to Advance the Use of Artificial Intelligence for Healthy Living

UC San Diego is the first West Coast university to join the IBM Cognitive Horizons Network Armonk, NY (Sept. 28, 2017) – IBM and the University of California San Diego have announced a multi-year project to enhance quality of life and independence for aging populations through the new Artificial Intelligence for Healthy Living Center (AIHL),… Read more »

Internet of Things Platform for Insurance: IBM White Paper

Toronto, ON (Sept. 1, 2017) — Life and business as we know them are changing. As people increasingly embrace and incorporate connected technology into their daily lives, the insurance industry will need to effectively respond to how consumer trends are shifting. For insurance carriers, the value of the Internet of Things (IoT) doesn’t lie only… Read more »

Majority of CMOs and Sales Leaders Say Cognitive Computing Will Be a Disruptive Force in Their Industries – But Are They Ready for the Disruption?

Nearly Two-Thirds of Surveyed CMOs and Sales Leaders Believe Their Industries Will Be Ready to Adopt Cognitive Solutions by 2020 Armonk, New York (Aug. 8, 2017) – While marketing and sales professionals increasingly find themselves drowning in data, a new IBM study finds that nearly two thirds (64 percent) of surveyed CMOs and sales leaders… Read more »

Half of CEOs Plan to Adopt Cognitive Computing by 2019

73 percent of surveyed CEOs also say cognitive computing will play a key role in their organizations’ future: IBM survey Armonk, NY (July 6, 2017) Cognitive computing has nearly endless possibilities to improve business processes and functions with 73 percent of surveyed CEOs in a recent IBM study citing it will play a key role… Read more »

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Are InsurTechs Defining the Next Generation of Enterprise Systems?

Since the mid-1970s, there has been a core group of suppliers who provide enterprise systems specifically designed for P&C insurers. The group changes periodically, with mergers, acquisitions, and new technology. However, the basic functions haven’t changed much. InsurTech may be the catalyst for disruption. Back in the day …. Insurers were one of the first… Read more »

New Customers, New Insurance products, Same PAS?

Looking at the current state of some insurers’ core systems in the P&C  insurance world suggests that certain IT managers and project sponsors would do well to spend a  bit of time meditating  on one of Thomas Pynchon’s proverbs for paranoids: “If they can get you asking the wrong questions, they don’t have to worry… Read more »

Selective Innovation: Reason for Celebration or Contradiction in Terms?

Criticizing insurers for their lack of innovation and technical progress has been a sport for at least 3 decades.  The most recent focuses on ‘digital transformation’.  The reality is that many insurers are very innovative, but not always focused on organizational transformation.  As an industry, are we missing the boat, or floating as best we… Read more »