Industrial insurance 2.0: New business models are needed
Industrial insurers are facing major problems at the moment. Significantly higher loss ratios and increasingly fierce competition mean that the classic form of insurance is no longer profitable. For this reason, it is necessary to review the existing business models.
Taming the Trojan Horse: Preparing Agility Effectively
Agility has been a hugely overhyped concept for quite some time. From two-guys-in-a-garage startups to globally active corporations or public sector contracting authorities, more...
AI, Chatbots and Blockchain: Data quality first!
The many current project examples of the insurance industry like AI or Chatbots show that it makes no sense to develop the future if to the present day flaws exist. The point is that automated processes can only be as good as the data available to the
Digitization changes the role of the risk manager
The assessment of the risks of globally operating companies is becoming increasingly complex. The task of the risk manager is to ensure stability and predictability in this environment. Digital technology offers a wide range of possibilities for processing the extensive data material required for this
Digitization captures industrial insurers – study by Marsh and Oliver Wyman
Industrial insurers rely on digitization
The digitization of industrial insurers is progressing. Sales and customers are placing ever-increasing demands on insurers. Therefore, the use of...
What´s coming next in Digital Distribution for Industrial Insurance?
It never was more exciting than today to work for Industrial Insurers and Brokers. There is openness towards change, doing things better or at least different, e.g. exploring new grounds. Let's watch out for what could come next in Industrial Insurance.
When the Customer Doesn’t Fit the Grid
From Underwriter to IT Service Provider - Alexander Stolte’s digitization column
I first made the acquaintance of the downsides of digitization when I moved to...
One-off Projects Are Not Enough!
A one-off project approach to developing digital business applications is no longer in keeping with the times. Digital business applications need to be constantly adapted to new requirements. They must enable different business ideas to be trialed and competitors’ good ideas to be adopted swiftly.
From Experience-based Decisions to Explicit Rules
From Underwriter to IT Service Provider - Alexander Stolte’s digitization column
One of the most exciting aspects of digitization in the SME segment of industrial...
Gray Decisions and the Question of Responsibility
From Underwriter to IT Service Provider – Alexander Stolte’s digitization column.
