Insurance-Canada.ca - Where Insurance & Technology Meet

Insurer Strategies in 2018: The New Balancing Act

New SMA Blog by Mark Breading, Partner, Strategy Meets Action Boston, MA (Feb. 5, 2018) – Senior executives at insurance companies, like their peers in other industries, are charged with developing and executing the right set of strategies that will lead to success. In years past, strategists at insurance companies have had at their disposal… Read more »

Risk, Technology, Engagement: The Wholly Trinity On Display

The business of insurance is changing dramatically.  We have identified three interconnected pressure points – Risk, Technology, and Engagement – that now define critical factors in the new era of insurance. These factors will inform the content of our upcoming Insurance-Canada.ca Technology Conference (ICTC2018).  The following describes the trinity aspects and interleved with  samples of… Read more »

InsurTech: Where’s the Beef?

New SMA Blog by Mark Breading, Partner, Strategy Meets Action Boston, MA (Jan. 3, 2017) – In 1984, Wendy’s introduced a new ad campaign with the tag line “Where’s the Beef?” The campaign was so successful that the phrase “Where’s the Beef” made it into the popular vernacular as a way to question whether there… Read more »

AI – Now and Then

Toronto, ON (Dec. 17, 2017) – Artificial Intelligence (AI) is getting serious attention by insurance practitioners.  There is an expectation that AI will bring new opportunities for market segmentation, underwriting, risk management, claims, and administration.  But the scope is large and can cause paralysis by analysis.  We’ll look at two examples … one that is… Read more »

InsurTech vs InsuranceTech – Who’s Winning?

When the term ‘InsurTech’ first entered the business lexicon, ‘disruption’ was a frequent follower.  Typically, the new technology impact was targeted at Insurers and licensed distributors (agents, brokers, MGAs, etc.).  However,  we may be entering a collaboration period.  Will this truly take hold? Where did the InsurTechs come from? While there had been digital tech… Read more »

Blockchain in Insurance: What’s the Real Story?

Strategy Meets Action Blog Boston, MA (Oct. 11, 2017) – Strategy Meets Action, a leading insurance strategic advisory firm, has just published a new blog, Blockchain in Insurance: What’s the Real Story?, by SMA Partner Mark Breading. “Blockchain will transform the world …” “Distributed Ledger Technology represents the biggest change to the business world since… Read more »

The AI Paradox: What Does It Mean for Insurers?

Boston, Mass. (October 2, 2017) – Strategy Meets Action has released a new blog by SMA Partner Mark Breading – The AI Paradox: What Does It Mean for Insurers? Listen to the pundits and self-described experts, and you get the impression that artificial intelligence is taking over the world. Our cars will drive themselves, our… Read more »

Convergence and Champagne in Boston

InsurTech is the hot topic of the day.  And start-up organizations are demonstrating the value of InsurTech to disrupt antiquated processes and products.  However, this does not mean that we derail the existing corporate infrastructure and rely exclusively on new technology.  So what do we need?  Convergence might be in order. A week ago, I… Read more »

Robo-Advisors to Humans: We’re Here!

Sci-Fi has relied on robotic advisors since the genre was launched, and for good reason: They improve the lives of humans. This science-fiction is finally being realized, and if you squeeze your eyes tight and look at the horizon, you can see the future forming for insurance. Who is Mr. Robo and What Does He… Read more »

Who Can Do InsurTech? Who Should?

The term “InsurTech”  is a bit ambiguous, describing a wide scope of activities.  Depending on the source, InsurTech  may cause disruption of current insurance practices, the rise of new insurance products, the evisceration  of entire insurance C-Suites, the ascension of new entrepreneurs to Unicorn status.  This is not particularly helpful. I prefer to use a… Read more »