Insurance Evolution Partners

"We wanted to signal that you can, as a 120+ year-old company, be current, change how you operate...it was about sending a signal to change the culture." -Rob Thomas, SVP, CNA Claim Insurance has many barriers to change, yet several carriers like CNA are doing it.⁠ ⁠ Read their stories and how they did it in my book, "The Future of Insurance: From Disruption to Evolution⁠" Get the best-seller at https://lnkd.in/erH-b4k ⁠ #fraud #claimtech #ai #machinelearning #datascience #insurancefraud #futureofinsurance #insurtech #insurance #innovation

"This volume of The Future of Insurance is a thought-provoking book that provides a comprehensive analysis of innovation and new business models in the insurance industry in Asia." –Stephen Barnham, Chief Information & Digital Officer, Dai-ichi Life, speaking about the book, "The Future of Insurance, Volume IV. Asia Rising," by Theresa Blissing Available worldwide from Amazon in paperback, hard cover, Kindle & Audible at https://lnkd.in/ebqUjhry

Fantastic to join Alex Bond for another episode of The Leadership In Insurance Podcast to share about my book, ‘The Future of Insurance : Volume III. The Collaborators’. Hear the 3 key lessons from the book (and so much more) based on the 1st-hand stories of insurers & insurtechs working together to move the industry forward. Listen & Watch: https://bit.ly/3WHAx0k Get the book: https://bit.ly/45FLZxo #futureofinsurance #insurtech #collaboration

Learn 8 lessons from the 8 startups Bryan Falchuk wrote about in his book, "The Future of Insurance Volume II. The Startups," that he shared in this article for National Underwriter PC360. https://lnkd.in/evQcZc8 #insurtech #insurance #startup #innovation #disruption #insurancebook

Parametric insurance offers a dynamic approach to risk management, but understanding its foundational elements is key. For an event to be insurable on a parametric basis, Megan Linkin, Head of Parametric Nat Cat Americas at Swiss Re Corporate Solutions, outlines the 3 critical criteria it must meet: 1. Randomness and External Shock: The underlying event must be inherently random and act as an external shock, meaning it is outside the direct control of the parties involved. 2. Independent Data Provision: A crucial requirement is the presence of an independent data provider. This entity measures the event's intensity or impact using a consistent methodology, ensuring objectivity. This setup prevents the insured, insurer, or broker from being the sole reporters of what transpires. 3. Insurable, Observable, and Modelable: The event itself must be definable in a way that makes it insurable, independently observable, and capable of being modeled accurately. These pillars emphasize the objective, data-driven nature of parametric solutions. For professionals in the insurance industry, grasping these principles is fundamental to understanding and implementing innovative risk transfer mechanisms that are shaping the future of insurance. Watch the clip at https://lnkd.in/etGeCFT5 and catch the full episode at https://lnkd.in/e9DzMgW7 #insurtech #insurance #futureofinsurance #innovation

"No matter how much research we have done... really nothing beats what we learn once we get to the market. We have to stay in listening and learning mode, even after launch." –Alex Leung, Co-Founder, OneDegree Read OneDegree's story, and those of 7 others in the latest entry in The Future of Insurance series: "The Future of Insurance, Volume IV. Asia Rising" by Theresa Blissing Available worldwide from Amazon in paperback, hard cover, Kindle & Audible at https://lnkd.in/ebqUjhry

Bryan Falchuk joined The Leadership In Insurance Podcast to share about the exciting book, ‘The Future of Insurance : Volume III. The Collaborators’. Hear the details about the book and the key lessons it teaches through first-hand stories of insurers and insurtechs working together to move the industry forward. Listen: https://spoti.fi/4doO0RO Watch: https://bit.ly/4dux38H Get the book: https://bit.ly/45FLZxo Get the book: https://bit.ly/45FLZxo #futureofinsurance #insurtech #collaboration

“The whole company is tabula rasa. Everything is fair game. Those are great days, but they don’t last long.” —Kyle Nakatsuji, Co-Founder & CEO, Clearcover The follow up to the best-seller "The Future of Insurance: From Disruption to Evolution, Volume I. The Incumbents," by Bryan Falchuk. The second volume features the first-hand journeys of 8 InsurTech startup insurers so we can learn and grow. Available from Amazon and at https://lnkd.in/ekWrTBhv #insurtech #insurance #startup #innovation #disruption #insurancebook

Curious about parametric insurance and how it's reshaping risk management? 🤔 In this episode of The Future of Insurance, I had a fantastic conversation with Megan Linkin, Head of Parametric Nat Cat Americas at Swiss Re Corporate Solutions. We dive deep into: ✅ What parametric insurance really is (it's more than just hurricanes!) ✅ Its evolution from weather derivatives to sophisticated insurance contracts ✅ How it provides crucial support for governments and corporations post-disaster ✅ The expanding range of perils covered, from severe convective storms to flood ✅ The key factors that make an exposure insurable parametrically Parametric insurance is a powerful tool for addressing complex, evolving risks and plays a vital role in a holistic risk management strategy. Don't miss this insightful discussion on innovation in insurance! Catch Megan in Season 8, Episode 17 of The Future of Insurance at https://lnkd.in/eZeQkg2j #insurtech #insurance #futureofinsurance #innovation

IEP Founder, Bryan Falchuk, shared thoughts on how we should be thinking about meeting a new set of customer expectations in #Insurance with Canadian Underwriter. https://lnkd.in/dSHfryZ #insurance #insurtech #futureofinsurance