The Big Picture
Transformation Themes in Life Insurance (Video)
Which leading industry disruptors should life and annuity carriers be considering?
http://players.brightcove.net/1066292269001/B13FfwFI_default/index.html?... (video from ey.com)
Disruptive Innovation – Coming to Life Insurance Near You
The New York Times was struggling online. While the quality of its journalism was not in doubt, the company’s digital business was shrinking, as measured by subscription numbers and advertising revenues. A “new ideas task force” was formed to address the challenges the news organization faced; fortunately, for us at least, their conclusions were leaked online in 2014.
The Changing Industry: Life Insurance Conference Report
At the 2016 Life Insurance Conference, industry leaders discussed important issues and strategies that will shape the future of the industry.
Eight Startups Aiming to Transform the Life Insurance Business
This is part two of research by guest author Amy Radin on the Life Insurance business. In Part 1 last week, Amy outlined the fundamental business issues behind the decline in Life Insurance and the white space opportunities this opens up for entrepreneurs. In today’s research note, Amy looks at 8 startups aiming at the white spaces.
2016 Sensor Data Survey: Disrupt or be Disrupted
Insurers who move quickly to leverage new data sources, such as wearable tech and sensors, gain enormous potential to disrupt their competition.
How to Reach Millions with Life Insurance
There are now 3 million patients at 7,000 retail healthcare clinics in the U.S. -- and all could become centers for selling life insurance.
Protecting Bradley: Making Life Insurance More Relevant to Millennials
Demand for mortality protection is closely tied to life cycle. At the early stages of adult life, the need for income protection rises as people finish their education, start a job, get married, buy a house and have children. In a few coming years, the millennials—those born between 1981 and the late 1990s—will be the segment with the largest need for mortality protection.
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Is Automation Going to Put an End to the Underwriting Profession?
Recently, the jobs website CareerCast.com completed a study and published a list of the “10 Most Endangered Jobs of 2015." Right there at position #9 is the good ol’ insurance underwriter, with streamlined processes cited as the main culprit.
Insurers Turn to Behavioral Economics to Attract Fitter Customers
People will alter their behavior if they see that it will bring them direct positive benefits. This contention reflects the essential principle of behavioral economics, which holds that consumers are open to influence and incentive, not just economic thoughts, when making buying choices.
Report: Unprecedented Gains in 2015 U.S. Life Insurance Activity
Application activity for individually underwritten life insurance posted its largest historical year-end gain in 2015, up 2.7 percent year-to-date, according to the MIB Life Index.