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Arthur D. Little

Arthur D. Little has been at the forefront of innovation since 1886. We are an acknowledged thought leader in linking strategy, innovation and transformation in technology-intensive and converging industries. We enable our clients to build innovation capabilities and transform their organizations. ADL is present in the most important business centers around the world. We are proud to serve most of the Fortune 1000 companies, in addition to other leading firms and public sector organizations. For further information, please visit www.adlittle.com

FINNOVATING

Finnovating is a Matching as a service platform that enables X-Techs from all around the word to connect , collaborate and get the funding they need to grow from investors and corporations globally. The Finnovating platform is a space were the key players of the Tech industry can connect together easily and boost global Tech innovations.

SØNR

Sønr is the world’s most comprehensive source of innovation intelligence. It is a subscription platform used by some of the best known insurance companies globally.

It tracks millions of companies around the world and provides insight on the latest market trends, the startups and scaleups reshaping the industry, and intelligence on how other big insurers are innovating.

Sønr includes a suite of tools designed for teams to better collaborate and connect. From recording meetings to capturing and sharing Notes, to being able to track and share activity across the company using Watchlists and CRM boards.

The platform is backed up by a team of consultants, researchers and analysts who support clients in discovering and creating new business opportunities.

Mobility Strategies For Insurers – A WEST MONROE White Paper

Article Synopsis :

Mobile devices are increasingly becoming the preferred medium of communication for insurance customers. ‘Mobility’ is no longer a niche or boutique area of technology spend; mobility is becoming the mainstream engagement model.

 The Digital Insurer reviews WEST MONROE’s Report on Mobility Strategies For Insurers

Engineering for the smart phone is the smart play for global insurers

In the white paper “Mobility Strategies For Insurers”, Gordana Radmilovic from West Monroe Partners discusses the mobile imperative for insurers. While mobility offers a unique opportunity for carriers to streamline internal processes and offer leading-edge services to mobile customers, there are execution and technical challenges carriers must take note of, such as:

  • Security
  • Interoperability
  • Customization
  • Environment
  • Collaboration
  • Budget

Embarking on the mobility journey with a high‐level strategy is an effective way to inform key decisions – allowing an insurer to ‘test the water’ on the efficacy and total effort related to various competing alternatives. A successful high-level strategy must consider the following four themes:

  • Gain stakeholder alignment
  • Understand target customers
  • Understand features
  • Identify technology pain points

The paper also offers a five-step framework for the successful roll‐out of more complex applications:

  1. Create a multi‐functional governing body for the mobile channel that is responsible for decision making, including which types of applications to release, when to release these applications, and the most effective paths for execution
  2. Develop a detailed mobility strategy and vision
  3. Design a future‐state mobile enterprise architecture
  4. Identify initiatives necessary to bridge the gap between current-state capabilities and desired future-state capabilities
  5. Prioritize initiatives in a comprehensive and executable roadmap

Link to Full Article:: click here

Digital Insurer's Comments

Wallets, cash transactions, calendars, watches and credit cards are fast getting digitized. With rapid smart phone adoption, the future of insurance rests in the development of mobile ecosystems that replace existing insurance functions with mobile apps that are engaging and easy to use.

Delivering a personalised, channel-agnostic interaction that’s intuitive and fast, available anytime, anywhere presents a major challenge for the typical legacy insurer. There is significant scope for carriers to develop and deploy mobile solutions on a large scale. Give customers what they want or they’ll go somewhere else — and they increasingly want mobile.

Link to Source:: click here

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