Mark McLaughlin

Embracing innovation and an ecosystem mindset – the path forward for insurers

Insurers have grappled of late with potential disruption, as a flood of insurtech investment creates what appear to be new competitors at every turn.  But all is not as it seems.  As insurers gear up to face insurtech innovation, a study of both incumbent and aspirant leaders points to models for cooperation that are not […]

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Embracing the future with the new IBM Insurance Platform

Industry platforms have become more of an insurance discussion point as insurance decision makers, analysts, and consultants consider 2018 and new technology trends.  IBM’s collaboration with MetLife and Majesco to create the new IBM Insurance Platform was an impetus for that conversation (if you missed it, check it out here). The IBM Insurance Platform is […]

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Weather, Risk, and Essential Problems

In the news recently is an announcement from IBM related to insurance… our expansion of The Weather Company’s weather prediction capabilities across the world:  http://www-03.ibm.com/press/us/en/pressrelease/50218.wss.  We believe this has long-term implications for the insurance industry. One of the principles behind the provision of insurance is an accurate view of the underlying peril to be insured […]

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The Future of Everything: Risk Shocks, Risk Shifts for Insurers

The report of the first automated driving fatality, with a Tesla aficionado using the embedded Autopilot driver assist program crashing into a semi-trailer truck turning across its path, raises a number of issues for insurers. I’ve had ongoing discussions with several insurers around how quickly automated driving will impact auto insurance, and it’s fair to […]

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Which Innovations To Think About?

Our best wishes to you for the New Year as we enter 2016, which we at IBM look at as not just a new year but the start of a new era … the Cognitive Era. You will be hearing more from us on this subject as we go through the year, and I think […]

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The Impact of Cognitive on Insurers

With IBM launching its newest IBV study on Cognitive, it’s worth reviewing the impact that cognitive business will have on an insurance industry under significant competitive stress… and an industry that has had significant uptake of IBM Watson. Insurers see significant competitive advantage in the cognitive space and for every public mention of insurers using […]

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The big insurance picture

As we start the New Year, it’s useful of course to take a step back and look at the “forest” of insurance instead of the “trees” of day-to-day changes and next week’s hot topics.  Perhaps we can identify some nice green meadows instead of trees full of briar patches. Insurers often look at strategy as […]

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