Tag: Insurance
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Link: Insurers lag behind other financial services in adopting digital technologies
“Health insurance companies are the most positive about their digital transformation, with 20% of respondents believing they were either moderately or significantly ahead of other sectors.” Original source: Insurers lag behind other financial services in adopting digital technologies
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Link: Amazon pushes further into insurance with its latest investment
“Amazon’s Indian venture is probably a springboard for a move towards more established markets. India is some way away from Amazon’s key US and European markets, suggesting that it’s using India as a test lab for expanding its insurance operations. However, Amazon’s decision to flex its insurance muscles in India is probably also down to…
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Link: Amazon is coming for the insurance industry – should we be worried?
“While UK insurers are investing in tech and providing digital services, the majority are light years behind Amazon,” noted Davies. “If insurers are not careful, they may be pushed out of having a direct relationship with customers and be relegated to the role of a price-driven risk carrier at the back end (assuming Amazon doesn’t…
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Link: Warren Buffett reveals more details about healthcare venture with JPMorgan and Amazon
“We have got a huge, competitive disadvantage in American businesses, far more important than any tax change, in terms of our healthcare costs.” Original source: Warren Buffett reveals more details about healthcare venture with JPMorgan and Amazon
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Link: Largest insurers plan biggest IT budget increases
“Thirty-six percent of those reported premium over $1 billion per year; those companies also said they planned to increase IT budgets by about 11% on average. Carriers between $500 million and $1 billion in premium plan an average increase of 5%.” Original source: Largest insurers plan biggest IT budget increases
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