Tag "insurance"

The Role of Data in Digital Transformation in Insurance

Digital Transformation has become a major agenda item for many Insurance institutions. In a recent blog, I looked at Digital Transformation for Retail Banking (link here). In this blog, I wanted to explore what I see happening in the world of Insurance and the role that data plays in this industry. My view has been... more

The Role of Data in Mergers and Acquisitions

Merger or Acquisitions (M&A) are still hot topics in 2016, and probably also 2017, so I thought I’d look at the role Data now plays in helping drive value as part of a Merger or Acquisition process. The importance of managing post Merger and Acquisition data It can be argued that the Merger and Acquisitions... more

Do You Accept the Premium for This Road Trip: Yes/No?

In a prior post, “Your Car Does Not Lie”, I talked about the financial reasons why automotive OEMs want to derisk their business model by moving to a more predictable demand and technology model offered by sectors like insurance, business services, entertainment and logistics. A recent article in EurActive stirred my interest as it looked... more

GDPR: Does Brexit change anything?

The recent UK referendum vote to leave the EU (Brexit) doesn’t change the need for Financial Services institutions to become GDPR (General Data Protection Regulation) compliant by May 2018. Doesn’t ‘Brexit’ change all this for UK Financial Services institutions? In the short term the answer is NO! UK Financial Services institutions are still going to... more

Are Insurance Companies in Danger of Digital Disruption?

A major analyst firm that will go unnamed thinks so. According their research, digital disruption is one of the most important factors impacting the insurance industry today. Making matters worse this firm’s industry assessment shows that only a small fraction of insurance companies are what it classifies as digitally leaders. If there is good news,... more