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Insurance carriers are busy building organization-wide strategies to create innovative products, leverage technology effectively and deliver real customer value – something that takes a lot of time, effort and inspiration. According to a 2018 survey of more than 400 insurance executives conducted by Insurance Nexus, 77% of North American carriers invested in AI and machine learning in 2018 (an increase on 70% the previous year), with 85% anticipating this to increase further in 2019 (up from 68%

The number of people working remotely has been increasing progressively across the globe. An employee benefits report narrates that around 60% companies in the US offer telecommuting opportunities. Telecommuting not only benefits people but also presents several advantages for organizations. Research has attributed an increase in savings of around $2000 per employee each year on real estate costs, enhanced productivity, and lower attrition rates to telecommuting. Employees have been found to foc

The breadwinning population is minting disposable income on an increasing rate, which speaks for their mounting needs and wants. The demand for personal vehicles, especially for cars is creating a cluster on the roads as on-road vehicles are cumulating more and more every day. Ironically, the developing and developed countries are failing to run well managed and sufficiently enough parking spaces. To solve parking related crisis, Smart Parking Systems are necessary, and their adoption will incre

My last two blogs were about risk appetite and they got me thinking about a conversation I had back in 2001. I was in a corporate role and I was deciding between setting myself up as a consultant or taking a different path in corporate. Being a risk guy at the time I applied for a job as a weather derivatives trader because the ad listed risk analytics as a key skill. 

Ready to drink tea and coffee products are witnessing significant demand across the globe. These products are a subcategory of soft drinks, conversely, the function of these drinks differs. The various types of ready to drink tea and coffee products have been introduced into the market sphere to meet the wide-ranging consumer base. They are packaged and sold in a prepared form and are ready for consumption. Several nutraceutical ingredients are added to augment the product offerings. Ready to dr

Inspiring breakthrough innovation in business models and solutions is becoming critical for organizations’ existence, as startups through their innovation have been consistently disrupting large organizations globally. To foster innovation, the key ingredient is creating an organizational culture that encourages innovation in all spheres. Every organization, today, aspires to nurture a culture of innovation where employees are motivated to take initiatives that result in the creation of innovati

Experience colours and spice: Highlights of India

Welcome to a soulful experience of vacationing in India, the cradle of ancient civilization with rich cultural heritage. Experience the sights and sounds of its amazing diversity that is embedded in its geography, people and their cultures. Explore the gifts of nature and the timeless marks of man-kind that dot the landscape of this country.

Cool hill stations, wild life, adventure spots and beaches provide one of the best vacations that you woul

There isn’t one leadership approach that can guarantee success in every situation.

Leadership necessitates an assortment of methodologies that leaders can use based on the circumstances—ranging from being self-centric to helping the humanity. In order to develop effective teams, inculcate a sense of teamwork, and make a positive impact, leaders need to be aware of the strong points and limitations of their team members and the behaviors that they typically adopt with others. To identify the leade

The pace of digital disruption is putting even large corporations at risk of closure. Startups are using disruption to their benefit by embracing robust approaches and creating unique business models.

This intense competition and disruption warrants organizations to keep evolving in order to thrive. They can do this by creating cutting-edge systems and software, adopting pragmatic methodologies, and embracing an organizational culture that motivates innovation, agility and teamwork.

To develop sta

In an increasingly cost-competitive industry, digital technologies are providing today’s insurance carriers with new methods of distinguishing themselves from competitors. Of particular focus is the claims process. As insurance’s ‘moment of truth’, policy-holders’ experiences when making a claim can define whether they become satisfied and loyal customers for life or disgruntled, and unlikely to return.

With the majority of insurance executives believing that customer experience will see the big

Do you fancy yourself a spy and wondering how you can monitor someone else’s cell phone? You won’t get that information here, but there is some good info on cell phone monitoring if you keep reading:

The Legalities of Tracking Cell Phones

Generally, it is not legal to monitor a cell phone that does not belong to you. However, generally speaking, and THIS IS NOT LEGAL ADVICE, if the account is under your name or if you have written permission from the person who owns the phone, you can track it.

Why

Cutting-edge healthcare spaces are rapidly adopting contrast injector systems because the technology offers wide-ranging imagery through various advanced technologies. Contrast injector systems use contrast media to develop the visibility of complex body structures like body fluids, arteries, tissues, and veins. Diagnostic processes are conducted using a number of imaging procedures like computed tomography (CT), magnetic resonance imaging (MRI), or angiography.

Innovations in technology have hel

The automotive industry is accelerating toward the electric vehicle adoption, drawing a large section of investments for electric powertrain and its components. The key component, which has attracted most of research and development in electric vehicle industry, is the battery technology. Battery weight and energy density are major factors, which drive the design criteria and manufacturing cost of electric vehicles. Batteries have evolved from lead-acid batteries in the early models of electric

It is generally accepted that for insurance to match the majority of customer-facing industries in terms of customer service, omnichannel engagement and personalized products, insurers must undertake a series of radical organizational and technological transformations.

Of course, to effectively acquire customers, offer them personalized products and seamless service requires careful analysis of data from which insights can be drawn. However, the chief challenge to insurers’ effective use of anal

For too long, insurance carriers have tended to push what they have been able to produce, rather than respond to what customers have actually wanted. But things are changing. Agile start-ups and innovative insurers have demonstrated that customers are responding to products and services that match their lifestyles and inspire engagement. The imperative is on insurers to act now.

To get to the bottom of what is driving change in how insurance products are developed and targeted, Insurance Nexus su

In these challenging times, it’s no longer enough to target a few, select purchasers and develop products for that clientele. The key ingredient that most leaders overlook while serving their clients is a thoughtful and planned Customer Strategy.

A robust Customer Strategy entails speaking the language of the customers, knowing how to anticipate their needs, working closely with them, and coming up with solutions to problems that have not been stated yet. This necessitates concentrating on develo

When kidneys fail to function due to disease or injury, dialysis help in keeping the body running as normally as possible. In absence of dialysis, salts and other waste products tend to mount up within the blood, poison the body, and sooner or later, damage other organs. People with damaged kidneys usually face difficulty in eradicating waste and unwanted water from the blood. This is the artificial approach for facilitating this process.

Dialysis helps in removing waste products like urea and cr

I was “up the coast” this summer. A term well understood for those who live in Sydney and covers anywhere from the Central Coast to the Queensland border. As with most holidays you get a good story or three. One of mine is the quintessential Aussie story as well as a wonderful depiction of why leaders in organisations need to know staff are operating within the bounds of the leadership team’s appetite for risk.

My friend (let’s call him Mike) and I were walking towards a pub. A few people were ta

Today’s leading organizations adopt a wide range of systems that can instantly create, send, search, and store data for automating their business operations. However, the quantity and multiplicity of data can be challenging. Forensic technology helps the end users in dealing with data challenges rapidly and effectively. This technologies adopted across the world provides technology solutions and analytical support to a never-ending spectrum of clients. These technologies increasingly specialize