Why there are so few successful insurtechs

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Why there are so few successful insurtechs

I’d claim that the most disruptive force in (personal) insurance is the online aggregators that – to me – are online brokers, granting customers free access to quotes of ordinary car insurance products and maybe doing so in a freshly designed way - why don't we see more successful real insurtechs?

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I see what you write but don’t read what you mean - #managementbywhatsapp

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I see what you write but don’t read what you mean - #managementbywhatsapp

More and more managers turn to a new management style; management by WhatsApp, and there’s both advantages and disadvantages by doing so. Leaders will know the difference

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The end of War Room phase I; now what?

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The end of War Room phase I; now what?

The end of a project war room is the beginning of a new, more quiet, phase in the team - however, it's important to keep up the feeling of success and to prepare for the next phases of business and process development

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WHITEPAPER: The Future of Personal Insurance

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WHITEPAPER: The Future of Personal Insurance

With Amazon, Google, Tencent (WeChat) etc. as major distribution channels, the future of the traditional personal insurer is uncertain – add to this that one of the major product lines most probably will become obsolete during the next decade and you have all ingredients to promise the incumbents a bumpy ride going forward. This white paper discusses what incumbent insurers can do

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Will telematics be obsolete before it takes off?

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Will telematics be obsolete before it takes off?

What we’re in essence looking at is a fantastic product with a proven international track record being introduced too late into a market that never really was prepared for it before it was rendered outdated. Seriously interesting times ahead of us…

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The War Room Chronicles - UPDATED 27JAN2018

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The War Room Chronicles - UPDATED 27JAN2018

Literally hundreds from my network and from all over the world have asked me "how the war room looks" so I made a picture showing the structure and brief explanations describing the contents and purpose of the room

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Employees are customers too

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Employees are customers too

Your colleagues are customers too, so these are the very people that disrupts your markets and driving profound changes in the way you need to create your future products and services. But internal disruption is not high on the management agenda

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Creating a DMZ between innovation and operations

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Creating a DMZ between innovation and operations

It’s no news that there are tensions between a company’s business development / digital innovation and the day-to-day business operations. On one side, you have a team of enthusiasts focusing on the Big Next and on creating the digital future of the company – and on the other side, you have the operations focusing on delivering on financial targets and complying with regulations while providing excellent customer service daily

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QIC; the next chapter begins

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QIC; the next chapter begins

This Thursday October 26th, 2017, another line of duties was added to my responsibilities so I'm now also holding the position as Executive Vice President, MENA Motor Claims for personal and corporate lines for the QIC Group, which I'm very happy with and proud of. I believe it makes perfect sense to combine the business development of the commercial side with the claims side of the business

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Getting the strategy process right

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Getting the strategy process right

One of the most interesting topics is the discussion about top-down or bottom-up processes, i.e. should the Board set the targets and let the units plan how to meet them or should the units report in what they think is possible to reach?

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Disruption in disguise: the Trojan Horse

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Disruption in disguise: the Trojan Horse

It's not "like that" to disrupt an incumbent organization over night - but if you want your company to survive, you nevertheless has to begin - this is one way of doing it

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WHITEPAPER: The case for detaching the digital insurer

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WHITEPAPER: The case for detaching the digital insurer

The insurance industry is moving at three speeds today. Insurtechs are moving at hyper-speed, innovative incumbents at medium speed and the rest of the industry at very slow speeds. At the same time, the insurance markets, grounded in the ongoing changes in the users’ needs and expectations, are moving at hyper+ speeds - this creates a blue ocean opportunity

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Creating a disruptive culture! UPDATED 25th September 2017

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Creating a disruptive culture! UPDATED 25th September 2017

The first step to creating a culture ready to dealing with disruption is therefore to align the targets and the performance management towards the disruptive – and commonly shared – goal

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Is the future passing by your management?

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Is the future passing by your management?

If you insist on only looking at what your best close competitors are doing, you’re “comparing your horse to other’s horses and ignorant to the car being introduced next door

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Four steps to your new ecosystem strategy

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Four steps to your new ecosystem strategy

If you could choose only one core competence for your company, what would it be? And who would you partner with to secure your future success based on that single core competence?

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Twin-turbine company operations

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Twin-turbine company operations

Customers want experiences and entertainment regardless of industry, and if you don’t react to this, someone else will

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Structure follows strategy… or does it?

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Structure follows strategy… or does it?

Do not compare yourself with your peers, it is the recipe for disaster. Company complacency is the biggest threat to companies today. Being happy and contempt with what you’ve got creates a company blind spot so big that no one will see the real threat before it’s taken a significant chunk of the market, if not all

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The most important part of any IT project? Not IT

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The most important part of any IT project? Not IT

It’s many times more difficult to change an organization and the people than it is to get approval to spend millions on ‘IT or digital transformation projects’ with a promising return on investment. It’s just a shame that so many really ignore that the return on investment only comes when people are regarded as the key critical success factor

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When your most valuable asset becomes your weakest link

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When your most valuable asset becomes your weakest link

Hiring top talent is a two-way commitment; the organization must be able to cope with the high-flyer and the new talent should be able to navigate the culture. This does not always happen and the results are devastating. Both parties must work for a way out to succeed

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What happens in organizations without strategy?

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What happens in organizations without strategy?

A lot. But a lot of the wrong things. Imagine for a second you’re part of an organization without a clear strategy – for sure the company would have a high-flying vision as they all do, but the vision is not translated into goals, meaning, targets and action plans for the units and employees

So what happens?

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