Archive for the ‘Insurance’ Category

Solvency II – the European Union prudential capital regulation – will come in to effect in January 2016 after more than a decade of preparation. For many European insurers it means they are reaching the end of the long road of deep preparation but others have already turned their preoccupations in other directions. For instance […]

Oct 5th, 2015 | Filed under Insurance, Regulation

In late August my colleagues Mike Fitzgerald, Fabio Sarrico and myself were in Sao Paulo, Brazil attending InsuranceTech 2015. The objective was to spend a few days looking where the Latin American insurance industry is headed in terms of business and technology and what level of success have some insurers already achieved. As the agenda […]

Oct 1st, 2015 | Filed under Events, Innovation, Insurance, Market Trends

Here’s a thought experiment. Imagine that you manufacture some things – let’s call them automobiles. And imagine that in those automobiles you’ve installed bunches of computer systems to control steering, braking, transmission, engine performance, and even record GPS-determined locations. Let’s call these computer systems electronic control units (ECUs). And imagine that these ECUs generate streams […]

Sep 24th, 2015 | Filed under Innovation, Insurance, Strategy, Uncategorized

As many of you know, the latest buzzword is FinTech. Considerable money is coming to vendors that are attempting to define the next major technological leap in financial services. This chart, from CB Insights, shows the explosive growth in FinTech investments. It is an exciting time. What I find interesting is that Private Equity firms […]

Sep 16th, 2015 | Filed under FinTech, Insurance, M&A

Celent and Asia Insurance Review hosted the 5th Asia Insurance Technology Awards (AITAs) at AIR’s CIO Technology Summit at Le Meridien Hotel Jakarta on 1 September 2015. The AITAs recognize excellence and innovation in the use of technology within the insurance industry. This year we received over 30 nominations from Australia, Hong Kong, Taiwan, India, […]

If you are like me, you have at least 15 passwords or PINs that you must remember. Passwords are a necessary evil of the digital world. I have a user ID and password for everything from accessing my child’s homework assignment to checking my bank balance. Most annoyingly, the passwords never have the same expiry […]

Sep 9th, 2015 | Filed under Innovation, Insurance, IT, Market Trends, security, Vendors

My colleague and I were all set to go to West Palm Beach this week for the LOMA TECH conference. We were looking forward to participating in the inaugural event and were both speakers. Then the weather intruded. Our friends at LOMA had a tough decision to make on Friday as Hurricane Erika was coming […]

Sep 1st, 2015 | Filed under Insurance, Strategy

There are lots of cues and clues to differing cultures across the insurance industry and it’s IT neighbour – one of the most obvious is dress code or at least communal agreement on how one should dress. For a chap in London it should be relatively easy, as the character Harry Hart put it in […]

Aug 28th, 2015 | Filed under Insurance, IT, Market Trends, Vendors

Some of you may remember my post this spring about the breach of my family’s information by a major health insurer. I think about that a lot, as I am sure many of you do as well. It feels like we read about another major hack on a daily basis. We now have major governments […]

Aug 27th, 2015 | Filed under Insurance, security

In the week since the release of the Celent report, Machine Intelligence in Insurance: Designing the Aware Machine, I have been involved in several fascinating discussions around a new level of personalization in insurance. An insurer called me to ask if there are any vendors providing intelligent machine services that can analyze social posts of […]

Aug 11th, 2015 | Filed under Artificial Intelligence, Insurance, Market Trends