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E.g., 2021-09-23
E.g., 2021-09-23
September 22, 2021
As the delta variant has contributed to rising COVID-19 cases in many regions of the country, insurers have been delaying or redesigning their return-to-office (RTO) plans. Those plans must now change further to take a new factor into account: vaccinations. On September 9, the Biden Administration announced that all businesses with 100 or more employees must ensure that their workers are...
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September 21, 2021
The past two years have highlighted that we live in extraordinary times. It may feel to many that we have lived the opening lines of Charles Dickens’s “A Tale of Two Cities,” as we’ve experienced both the best and the worst of times. The onset of the COVD-19 pandemic produced a challenging and dark backdrop which seems destined to cover two or more years. The tragedy is impossible to...
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September 15, 2021
I recently had the opportunity to lead the latest meeting of the Innovation Advisory Board, in which insurance technology leaders and prominent Silicon Valley insuretechs came together for a lively knowledge-sharing discussion. We heard from a selection of startups tackling complex problems in the industry; their perspectives illuminated the evolving symbiosis between insuretechs and insurers...
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September 14, 2021
There is more data about consumers available today than ever before. But data scientists should be wary about a growing subset of the population for whom little data exists—this segment with no data can deceptively skew AI-based models in ways that may be difficult to uncover. Insurers have become more sophisticated in customer data enrichment and the AI-powered analysis of this data to build...
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September 13, 2021
The prospect of answering a simple yes-or-no question becomes a lot more complex when you add compassion, guilt, accountability, fear, and self-discipline into the mix. Workplace requests can generate feelings of personal accountability in women. However, you could end up overcommitting or even burning out when you don’t say “no” in situations you know you should. Last week, I hosted the 17th...
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September 9, 2021
“When the legend becomes fact, print the legend.” – The Man Who Shot Liberty Valance Not too long ago, I passed a rainy weekend watching old westerns, and I was struck by the relevancy of the above line during a recent discussion with an insurance client about legacy administration system conversions. We were talking about the approaches to migrating old blocks of policies from first-gen...
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September 8, 2021
Every insurer today is conscious of potential security exposures. Third parties are a significant source of exposure as infamously demonstrated by Target’s 2013 data breach, which cost the retailer $292M in cumulative expenses. Corporate governance and regulators demand that this issue be a priority that is taken seriously.   This is manifest in the ever...
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September 7, 2021
PsiQuantum raised $450M in a Series D funding round led by BlackRock, Temasek, Microsoft, and Baillie Gifford to build a one-million-qubit, commercially viable quantum machine. This latest round of funding brings PsiQuantum’s valuation to $3.15B.   Notably, PsiQuantum is partnered with GlobalFoundries, a California-based semiconductor and...
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September 2, 2021
COVID-19 has increased the need for employers to provide financial wellness to employees and sales and implementation support for plan providers. Technology investments that provide managerial insight into plan participation and offer “next best” actions to plan participants are vital for plan providers to win and retain business.  Product Trends  Index, target-date, and...
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September 1, 2021
Many specialty insurers are transitioning their systems to the cloud. We spoke with several CIOs during last month’s Special Interest Group meeting on Specialty and Large Commercial, and they had a lot to say about what to transition to the cloud, when, how, and what a successful IT project looks like. Transition to (multi-)cloud and costs Specialty insurers are in the process of...
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