The Changing Role of an Insurance Industry CFO: From Accountant to Strategic Consultant
Accounting, budgeting, auditing, taxes and more have always been the traditional building blocks of the finance function. But today’s business landscape is rendering those blocks insufficient to the big picture. These elements are foundational to the health of the enterprise, but the role of the CFO has broadened significantly. Especially in the insurance industry, where […]
Changing Insurance Distribution Models and Evolving Carrier Strategies
As consumer shopping habits continue to shift, organizations are increasingly taking a hard look at how their products are sold and, ideally, adapting accordingly. For insurance carriers it’s no different. Whether it’s by embracing digitalization or improving direct-to-consumer models, the most successful carriers are the ones making attempts to evolve with the market. While those […]
Hiring for Cybersecurity in the Finance Sector
Were you one of the 143 million Americans impacted by the 2017 Equifax data breach? How about one of the 4.6 million people affected by the 2015 Scottrade hack? Or the 76 million households impacted by the 2014 cyberattack against JPMorgan Chase? These are just three of hundreds of known cyberattacks on financial institutions, with […]
Digitalization in the Insurance Industry
The insurance industry has been notoriously slow to adapt to technology. Even today, when every other industry has embraced digitalization, the majority (58%) of insurance executives admit that insurance trails far behind the trend, according to a report from Willis Towers Watson. Companies seem to understand that the shift towards digitalization is essential for remaining […]
The Current State of Direct-to-Consumer Models in the Insurance Industry
In today’s marketplace, consumers want to be empowered in their buying decisions and are more driven by research, reviews, and ease-of-use than they ever have been before. These changing consumer habits are impacting the insurance sector more than any other industry. The manufacturing and travel services fields are shining examples of areas that have already […]