I’m delighted that my colleague Tony Steadman joined me to debate the most recent trade headlines on this month’s Insurance coverage Information Evaluation. Tony is making information himself as a founding member of the just-launched Black Insurance coverage Business Collective (BIIC).
On this version, Tony, Abbey Compton and I discuss in regards to the goal and objectives of the BIIC. The necessity to clear up for particular obstacles going through demographic segments historically underrepresented within the insurance coverage trade is acute. I’m proud that Accenture is a part of this initiative and grateful to Tony for representing us.
We additionally talk about workforce analysis performed by The Hartford. Their analysis exhibits a direct correlation between worker psychological well-being, psychological well being help, and the influence to an organization’s backside line. As Tony and I talk about, there are learnings and implications for insurers providing group and voluntary advantages and for all insurers contemplating workforce transformation packages.
We additionally speak about one other concern impacting insurers in every single place—cloud transformation. The necessity to speed up to the cloud is common. Tony and I speak about what we’re seeing and listening to as insurers handle the problem of transferring core insurance coverage functions to the cloud.
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