random thoughts

Random Thoughts: Things to Read by IBV

For our Random Thoughts post today, I thought I’d summarize interesting reads my colleagues at IBV published over the last year (and some of mine, too 😉 ). Let’s start cross-industry: About a year ago, Carolyn Baird showed the “Myths, exaggerations and uncomfortable truths” about millennials in the workplace. Not all conventional wisdom about that […]

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Random Thoughts: The Blockchain

For those who are not sure what a blockchain is: simply put, it is a distributed electronic ledger based on cryptographic principles. While is was developed as the ledger for the cryptocurrency Bitcoin, it is really separate from any currency – for example, it can be used as a ledger to notarize land transactions. [1] […]

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Random Thoughts: Some Updates

Today some topics we have written about before where something new and/or interesting came up. Here goes. On health insurance vs. nutrition advice: I finally got around to reading the study by Credit Suisse Research Institute: “Fat, the new health paradigm”. Although there isn’t much in there that I didn’t already know, it is still […]

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Random Thoughts: Emotions

Hard to get back to “normal” blogging after seeing the news from Paris over the weekend, so just short today. Thanks to Jean Jullien (@jean_jullien on Twitter) for putting out the image on the left to the public domain. My thoughts go out to the victims of the Paris. I just hope that the (predictable) […]

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Random Thoughts: Blood Moons

Today’s thoughts are even more random [1] than usual. I didn’t see much of the actual eclipse, unfortunately – here in Europe, full eclipse was around 4:30 a.m. or so, so when I got up at 6 you could only see a bit of Earth shadow. Strictly speaking, every eclipse is a blood moon, because […]

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Random Thoughts: Health Insurance vs. Nutrition Advice

This is going to be a bit of a ramble, today, sorry: since I broke another personal weight marker last week (in the right direction, of course), it got me musing on healthcare in general and health insurance in particular.[1] I.e. very personal PoV, today. Despite huge gains in life expectancy and reduced mortality due […]

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Random Thoughts: Some More Watching (BRICS)

Last week, I discussed some data details for the IBV customer retention study, “Capturing hearts, minds and market share“, looking at the countries with an English cultural background. To compare, today the same data for another group of countries with shared traits, type 2, i.e. high growth and low maturity, namely the BRICS countries.[1] Unfortunately, […]

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Random Thoughts: Watching the English (and Americans, and Australians…)

Today we will take another look at the most recent IBM Institute for Business Value (IBV) study on insurance customer retention, “Capturing hearts, minds and market share“. I’ll be focusing on some country level information, specifically the Anglo-Saxon countries in the study, i.e. the U.K., the U.S., Canada and Australia. [1]   I’ve pointed out […]

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Random Thoughts: Driverless Cars

Only one thought today. Two weeks ago, the econoblogsphere – which I tend to follow when time permits – gained a fabulous participant: the Bank of England launched their blog, Bank Underground.[1] Even better, their second post was on a hot insurance topic: driverless cars, which the BoE thinks will have a massive impact on […]

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Random Thoughts: Data Sharing

New study, new data, so I thought I’d revisit a topic I explored before, about the willingness of consumers to share data to improve either their premium paid, their convenience, or their risk/safety. In general, the willingness has increased: All questions show a slight uptick except for the for the first house sensor one – […]

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Random Thoughts: Wearables

Last week a few people on Twitter pointed me toward Mark Breading’s INN PoV on the risks and rewards of wearables for insurers; I thought I’d add a few comments. [1] The rewards for insurers are most obvious in the B2E area, i.e in the support of underwriting and adjustment. Thinking one step ahead, this […]

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Random Thoughts: Drones

A short one today – still working on the new study (see the sneak peeks here and here): It seems that quite a few insurers are now thinking of using drones for their business, judging by FAA approvals: State Farm, AIG, USAA and Erie, just to name a few that were in the news recently. […]

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