The Big Picture
Recently, blockchain has emerged as a technology that will potentially transform industries in a similar way that the Internet did a couple of decades ago. Still a nascent technology, many of its uses have not yet been discovered or explored.
Why ‘Big Data’ Will Force Insurance Companies to Think Hard About Race
The controversy surrounding the political consulting firm Cambridge Analytica’s use of personal data harvested from social media accounts without the users’ permission is among the first of what likely will be a long series of public debates about how the use of “big data” can shape our lives. And one of the most obvious battlegrounds where we should expect such fights to play out soon is in the insurance industry.
The Competitive Advantage: The Death of Underwriting and Underwriters
Underwriting is not dying. It is just being automated into digital algorithms versus analog human beings.
What Do InsurTech and Pending Tech Revolutions Mean for the Life Insurance Product?
In just one year, almost $3 billion were invested in InsurTech — in de novo technology and in the brains driving it. RGA's Farron Blanc delves into the causes and consequences of past, present and and pending technology revolutions.
InsurTech for U.S. Life Insurance has Arrived
After three visits to Silicon Valley in three months I’ve come to the conclusion that InsurTech for the U.S. life insurance market has arrived. And the Genie isn’t going back into the bottle. U.S. InsurTech financing hit $1.377 billion in 2015, with the global figure about double that (CB Insights). No slowdown occurred in 2016.
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Deals, Drivers & Disruptors (LOMA Resource)
A new U.S. president, low interest rates, and embattled regulations are among the many challenges insurer must successfully navigate today—and for the foreseeable future.
State Regulators Eye Life Accelerated Underwriting Programs
An arm of the National Association of Insurance Commissioners is starting to talk about use of accelerated underwriting in the U.S. life insurance sales process.
New Report Finds Health Wearable Devices Pose New Consumer and Privacy Risks
Personal health wearable devices used to monitor heart rates, sleep patterns, calories, and even stress levels raise new privacy and security risks, according to a report released today by researchers at American University and the Center for Digital Democracy.
Glass Half Full: Seismic Shifts in the Life Insurance Industry
It is not coincidental that LIMRA recently released a study indicating that 30 percent of U.S. households lack life insurance coverage at the same time that MetLife announced its decision to spin off its sputtering life insurance business.