I’m delighted that my colleague Tony Steadman joined me to debate the newest 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 Industry Collective (BIIC).
On this version, Tony, Abbey Compton and I speak concerning the function and objectives of the BIIC. The necessity to clear up for particular obstacles dealing with 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 carried out by The Hartford. Their research reveals a direct correlation between worker psychological well-being, psychological well being assist, and the affect 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 discuss one other concern impacting insurers in every single place—cloud transformation. The necessity to speed up to the cloud is common. Tony and I discuss what we’re seeing and listening to as insurers tackle the problem of moving core insurance applications to the cloud.
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