Can you imagine a world where the open ecosystem dream is a reality? A world where our collective insurance platforms talk to each other. A world where the industry moves faster and better by working together. Oasis and Simplitium along with a host of others, including SpatialKey, are on this path. While it feels idealistic, it is possible. Making data more portable between platforms—interoperability—is not something novel. It’s just fundamental and increasingly vital for long-term survival whether you’re a re/insurer, broker, MGA, or solutions provider. We all have a stake in this conversation, and a responsibility to move our industry forward.
Randy Pausch, the late professor of computer science at Carnegie Mellon, said in his book, The Last Lecture, “Showing gratitude is one of the simplest yet most powerful things humans can do for each other.” The holidays are a good time to stop and take stock, both personally and professionally. The problem is, many of us are just too busy for gratitude! Appreciation is such a powerful, simple thing, yet so seldom expressed—especially in the workplace. In fact, one survey found that people are less likely to express gratitude at work than any place else, with 74 percent never or rarely expressing gratitude to their boss. Indeed, the workplace can be a place of high critique—whether it’s yourself or others evaluating your work. We’re often quick to criticize, not so quick to give praise.
If you’ve got your eyes set on technology that won’t move the needle this year, it’s time to reevaluate what can provide bottom line results in the short term. AI and machine learning will have their day in commercial insurance. But what are you doing today to drive tangible business results? InsurTech does not have to be a “pie in the sky” endeavor. It can be deployed right now.
Alpe d’Huez is a legendary climb, world-renown by cyclists. A relentless 8.5 miles with 21 hairpin bends and 8.1 percent gradient, it’s been a stage that can make or break the Tour de France for riders. But, it’s not included in every Tour. This epic climb only comes once in awhile. And, what’s important about it is the decisiveness of Alpe d’Huez in determining the overall leaders. Historically, the winner of the entire Tour has often been in the yellow leader jersey following the Alpe d'Huez stage. Meaning, how riders compete on this one stage is critical in determining the outcome of the entire race.