The Net Promoter Score gives insurers perspective to engage customers and grow their business.
Agile IT delivers based upon these customer engagements.
Sustainability, Best's Review, December 2018Gates Ouimette
油
Insurers must recognize the importance of investing in sustainable technology to mitigate risks associated with climate change. The document highlights the lack of engagement from insurers in sustainability initiatives and calls for a more active leadership role in this area, especially in comparison to other sectors. It emphasizes the need for both top-down and bottom-up strategies, leveraging emerging technologies for risk mitigation and addressing the financial impacts of sustainability.
Making the Move (DevOps), Best's Review, February 2016Gates Ouimette
油
Insurance professionals are transitioning into DevOps to enable and innovation.
Requiring a culture of collaboration and agility, DevOps enables the inclusion of innovation into that culture.
Sustainability, Best's Review, December 2018Gates Ouimette
油
The document discusses the need for insurers to recognize the financial benefits of investing in sustainable technologies as a means of risk mitigation. It highlights that while sustainability initiatives are critical, only a small number of insurers actively engage in them, emphasizing the importance of both top-down and bottom-up strategies in addressing sustainability. The lack of leadership in sustainability oversight within the insurance sector is addressed, calling for insurers to take a more active role to prevent jeopardizing their investments and the environment.
The Open Compute Project (OCP) is working to create the most efficient and lowest cost data center designs of the future through an open source community of hardware engineers. The OCP was started by Facebook to optimize their data center efficiency, requiring 38% less energy and costing 24% less than previous designs. The OCP shares hardware innovations transparently to encourage new designs. Insurers can benefit from lower costs through cloud providers using OCP designs and within their own data centers, where an OCP center uses 52% less energy and 72% less water. The modular OCP approach allows selective refreshing of server components rather than replacing entire servers.
New IT Thinking Brings Relevancy, Best's Review, October 2011Gates Ouimette
油
Information technology will need to innovate in several business areas for an impact to be felt enterprisewide.
The pendulum has swung back from IT being given carte blance budgets.
Home Sweet Home, Best's Review, March 2018Gates Ouimette
油
The advent of smart home technologies will help insurers digitally transform related products and lines.
While the property/casualty industry has received more visibility in its adoption and promotion of the smart home, life/health insurers stand to gain similar benefits.
A Focus on Data, Best's Review, September 2018Gates Ouimette
油
The document discusses the impact of GDPR on data integration within insurance companies, emphasizing the importance of understanding and managing data for improved cybersecurity and business continuity. It highlights the need for IT resilience orchestration (ITRO) to converge cybersecurity and business continuity planning, aiming to enhance data protection and system availability. Additionally, the document points to the growth potential of the ITRO market, driven by the necessity to address data-related challenges in disaster recovery.
A New Reality, Best's Review, September 2017Gates Ouimette
油
Augmented reality (AR) and virtual reality (VR) are transforming the insurance industry by enhancing risk management, underwriting, and marketing strategies. Insurers are using VR for safety training and driver competency assessments, while AR applications are improving customer engagement and education. The integration of AR, VR, and drone technology is advancing data collection and claims processes, creating new insurable opportunities and prompting insurers to rethink their business models.
On Good Behavior, Best's Review, February, 2017Gates Ouimette
油
The document discusses the evolving role of big data and analytics in the insurance sector, particularly through machine learning and predictive analytics, which enhance risk management and operational efficiency. It highlights the challenges of customer participation in usage-based insurance due to privacy concerns and emphasizes the need for innovative practices like persona marketing and fraud detection using behavioral information. Ultimately, it asserts that insurers can significantly gain from investing in innovative analytic techniques to better understand and serve their clients.
The Three Pillars, Best's Review, January 2014Gates Ouimette
油
Insight: #Data, #process and #integration help chief information officers lead in enterprise technology.
The #CIO of the future must focus in areas that will add corporate #businessvalue ...and can demonstrate short-term benefits while building a foundation for future business benefits.
The Rise of the CMT (Chief Marketing Technologist)Gates Ouimette
油
The chief marketing technologist role has gained traction as technology becomes crucial to marketing strategy, evolving from traditional IT cost management to a focus on customer experiences. The integration of technology into marketing has allowed for agile methodologies, emphasizing quick adoption and innovation. The shift in reporting structures, where CIOs now often report to CMOs, highlights the growing importance of technology in driving marketing effectiveness.
"The Next Big Thing" - Best's Review (AM Best), September 2016Gates Ouimette
油
Insurers could gain value from blockchain technology in various business areas.
...Blockchain's secret sauce is the concept of a distributed ledger securely shared via a peer-to-peer technology architecture.
"Internet for Things" - Best's Review (AM Best), August 2012Gates Ouimette
油
The document discusses the potential of the Internet of Things (IoT) as a significant technological trend, particularly for the insurance industry, which can leverage data from connected devices to offer new lines of business like usage-based insurance. Innovations such as premium discounts for tracking healthy habits are highlighted as ways IoT is transforming products and services. The author, Gates Ouimette, emphasizes that the IoT is key to driving change and increasing profitability for insurers.
Great Wireless Way, Best's Review, November 2000Gates Ouimette
油
Mobile commerce has the potential to impact insurers' distribution channels and increase market valuation by enabling business transactions anytime and anywhere through the convergence of the internet, enterprise applications, and wireless technologies. It allows claims adjusters and medical practitioners to capture customer data on-site using mobile devices and complete transactions in real-time. The biggest benefit of mobile commerce may be new opportunities for cross-selling through remote custom product development with customers. Speech recognition and associated technologies will further drive mobile commerce adoption by enabling input and retrieval of customer data through wireless devices.
Building Blocks: Business Architecture, Best's Review, June 2010Gates Ouimette
油
The document discusses the current state of business architecture within the insurance industry, highlighting the need for integration between IT and business processes. It notes that while insurance products and processes differ significantly, the advent of BPMN 2.0 has created opportunities to close the integration gap. Capturing business architecture can provide transparency and improve alignment of IT investments with business needs, essential for evolving towards a consumer-centric model.
Best Of Breed Or Super Suite, Best's Review, December 2004Gates Ouimette
油
The document discusses the choice between best-of-breed and super-suite applications for enterprise resource planning in the insurance industry, highlighting the integration and functionality considerations for insurers. It notes the growing importance of service-oriented architecture and web services in enabling flexibility in application decisions. Ultimately, insurers are adopting different approaches based on their unique business needs, with some preferring the efficiency of super-suites and others favoring the customization of best-of-breed solutions.
The One To One Advantage, Best's Review, September 1998 Gates Ouimette
油
The document discusses how insurers can leverage customer data through one-to-one marketing to enhance their business-to-consumer and business-to-business relationships. It highlights the shift from traditional marketing methods to a more personalized approach that allows insurers to better cater to individual needs and strengthen connections with clients and distribution channels. Through effective data collection and management, insurers can create tailored marketing strategies that improve customer loyalty and overall business success.
Portfolio Management, Best's Review, May 2004Gates Ouimette
油
The document discusses the evolution of portfolio management within IT, emphasizing the importance of aligning technology with business processes in a dynamic operational environment. It highlights that as businesses evolve, portfolio management tools enable measurement of IT operations costs against specific business processes, helping companies make informed decisions on technology investments. Additionally, the growth of business process outsourcing (BPO) and its role in enhancing operational efficiency for industries such as insurance is analyzed.
Voice over Internet Protocol (VoIP) continues to grow rapidly in both consumer and business markets. For businesses, VoIP offers cost savings through reduced long-distance charges and combining voice and data networks. It also provides increased functionality by allowing employees to work remotely with a good internet connection. During disasters or increased call volumes, VoIP can provide an on-demand call center solution. As VoIP and its applications mature, businesses will see additional benefits beyond basic phone functionality.
A Refreshing Start Pre-Issue Documentation, Best's Review, December 2008Gates Ouimette
油
The document discusses the importance of investing in document processing technologies for insurers, emphasizing the need for improved efficiency, accuracy, and transparency in the policy lifecycle. It suggests that leveraging advancements in scanning and automation can reduce manual intervention and processing errors. Additionally, it highlights the strategic evaluation of current business processes and the potential cost-effectiveness of using offshore resources for document management tasks.
Uniting Voices, Building Leaders_ Inside the ICC National Leadership Summit b...Jacob Baime ICC
油
At the heart of the summit is a belief in the power of student-led change.
Through keynote sessions, hands-on workshops, and interactive panel discussions, participants engage directly with experienced policy, diplomacy, and advocacy professionals. These sessions dont just informthey challenge students to think critically, speak persuasively, and confidently lead. Whether navigating difficult conversations or organizing campus-wide initiatives, attendees leave with tools grounded in real-world strategy.
SpatzAI Micro-Conflict Resolution Toolkit - Fairer Teamwork GloballyDesmond Sherlock
油
Workplace conflicts dont always start with blowupsthey begin as tiny spats, snide remarks, or ignored frustrations. SpatzAI is a real-time chat app and team review platform that empowers employees to address micro-conflicts before they escalate.
A Focus on Data, Best's Review, September 2018Gates Ouimette
油
The document discusses the impact of GDPR on data integration within insurance companies, emphasizing the importance of understanding and managing data for improved cybersecurity and business continuity. It highlights the need for IT resilience orchestration (ITRO) to converge cybersecurity and business continuity planning, aiming to enhance data protection and system availability. Additionally, the document points to the growth potential of the ITRO market, driven by the necessity to address data-related challenges in disaster recovery.
A New Reality, Best's Review, September 2017Gates Ouimette
油
Augmented reality (AR) and virtual reality (VR) are transforming the insurance industry by enhancing risk management, underwriting, and marketing strategies. Insurers are using VR for safety training and driver competency assessments, while AR applications are improving customer engagement and education. The integration of AR, VR, and drone technology is advancing data collection and claims processes, creating new insurable opportunities and prompting insurers to rethink their business models.
On Good Behavior, Best's Review, February, 2017Gates Ouimette
油
The document discusses the evolving role of big data and analytics in the insurance sector, particularly through machine learning and predictive analytics, which enhance risk management and operational efficiency. It highlights the challenges of customer participation in usage-based insurance due to privacy concerns and emphasizes the need for innovative practices like persona marketing and fraud detection using behavioral information. Ultimately, it asserts that insurers can significantly gain from investing in innovative analytic techniques to better understand and serve their clients.
The Three Pillars, Best's Review, January 2014Gates Ouimette
油
Insight: #Data, #process and #integration help chief information officers lead in enterprise technology.
The #CIO of the future must focus in areas that will add corporate #businessvalue ...and can demonstrate short-term benefits while building a foundation for future business benefits.
The Rise of the CMT (Chief Marketing Technologist)Gates Ouimette
油
The chief marketing technologist role has gained traction as technology becomes crucial to marketing strategy, evolving from traditional IT cost management to a focus on customer experiences. The integration of technology into marketing has allowed for agile methodologies, emphasizing quick adoption and innovation. The shift in reporting structures, where CIOs now often report to CMOs, highlights the growing importance of technology in driving marketing effectiveness.
"The Next Big Thing" - Best's Review (AM Best), September 2016Gates Ouimette
油
Insurers could gain value from blockchain technology in various business areas.
...Blockchain's secret sauce is the concept of a distributed ledger securely shared via a peer-to-peer technology architecture.
"Internet for Things" - Best's Review (AM Best), August 2012Gates Ouimette
油
The document discusses the potential of the Internet of Things (IoT) as a significant technological trend, particularly for the insurance industry, which can leverage data from connected devices to offer new lines of business like usage-based insurance. Innovations such as premium discounts for tracking healthy habits are highlighted as ways IoT is transforming products and services. The author, Gates Ouimette, emphasizes that the IoT is key to driving change and increasing profitability for insurers.
Great Wireless Way, Best's Review, November 2000Gates Ouimette
油
Mobile commerce has the potential to impact insurers' distribution channels and increase market valuation by enabling business transactions anytime and anywhere through the convergence of the internet, enterprise applications, and wireless technologies. It allows claims adjusters and medical practitioners to capture customer data on-site using mobile devices and complete transactions in real-time. The biggest benefit of mobile commerce may be new opportunities for cross-selling through remote custom product development with customers. Speech recognition and associated technologies will further drive mobile commerce adoption by enabling input and retrieval of customer data through wireless devices.
Building Blocks: Business Architecture, Best's Review, June 2010Gates Ouimette
油
The document discusses the current state of business architecture within the insurance industry, highlighting the need for integration between IT and business processes. It notes that while insurance products and processes differ significantly, the advent of BPMN 2.0 has created opportunities to close the integration gap. Capturing business architecture can provide transparency and improve alignment of IT investments with business needs, essential for evolving towards a consumer-centric model.
Best Of Breed Or Super Suite, Best's Review, December 2004Gates Ouimette
油
The document discusses the choice between best-of-breed and super-suite applications for enterprise resource planning in the insurance industry, highlighting the integration and functionality considerations for insurers. It notes the growing importance of service-oriented architecture and web services in enabling flexibility in application decisions. Ultimately, insurers are adopting different approaches based on their unique business needs, with some preferring the efficiency of super-suites and others favoring the customization of best-of-breed solutions.
The One To One Advantage, Best's Review, September 1998 Gates Ouimette
油
The document discusses how insurers can leverage customer data through one-to-one marketing to enhance their business-to-consumer and business-to-business relationships. It highlights the shift from traditional marketing methods to a more personalized approach that allows insurers to better cater to individual needs and strengthen connections with clients and distribution channels. Through effective data collection and management, insurers can create tailored marketing strategies that improve customer loyalty and overall business success.
Portfolio Management, Best's Review, May 2004Gates Ouimette
油
The document discusses the evolution of portfolio management within IT, emphasizing the importance of aligning technology with business processes in a dynamic operational environment. It highlights that as businesses evolve, portfolio management tools enable measurement of IT operations costs against specific business processes, helping companies make informed decisions on technology investments. Additionally, the growth of business process outsourcing (BPO) and its role in enhancing operational efficiency for industries such as insurance is analyzed.
Voice over Internet Protocol (VoIP) continues to grow rapidly in both consumer and business markets. For businesses, VoIP offers cost savings through reduced long-distance charges and combining voice and data networks. It also provides increased functionality by allowing employees to work remotely with a good internet connection. During disasters or increased call volumes, VoIP can provide an on-demand call center solution. As VoIP and its applications mature, businesses will see additional benefits beyond basic phone functionality.
A Refreshing Start Pre-Issue Documentation, Best's Review, December 2008Gates Ouimette
油
The document discusses the importance of investing in document processing technologies for insurers, emphasizing the need for improved efficiency, accuracy, and transparency in the policy lifecycle. It suggests that leveraging advancements in scanning and automation can reduce manual intervention and processing errors. Additionally, it highlights the strategic evaluation of current business processes and the potential cost-effectiveness of using offshore resources for document management tasks.
Uniting Voices, Building Leaders_ Inside the ICC National Leadership Summit b...Jacob Baime ICC
油
At the heart of the summit is a belief in the power of student-led change.
Through keynote sessions, hands-on workshops, and interactive panel discussions, participants engage directly with experienced policy, diplomacy, and advocacy professionals. These sessions dont just informthey challenge students to think critically, speak persuasively, and confidently lead. Whether navigating difficult conversations or organizing campus-wide initiatives, attendees leave with tools grounded in real-world strategy.
SpatzAI Micro-Conflict Resolution Toolkit - Fairer Teamwork GloballyDesmond Sherlock
油
Workplace conflicts dont always start with blowupsthey begin as tiny spats, snide remarks, or ignored frustrations. SpatzAI is a real-time chat app and team review platform that empowers employees to address micro-conflicts before they escalate.
Steering Excellence in Turbulent Times: A Strategic Governance Toolkitexec7
油
In todays volatile, uncertain, complex, and ambiguous (VUCA) world, strategic governance is no longer optional. It's imperative.
This 際際滷Share from TEXEM, UK equips executives, board members, and business leaders with a practical governance toolkit to navigate turbulence with resilience, clarity, and confidence.
Explore actionable insights on:
- Strengthening governance structures in crisis
- Enabling adaptive leadership in times of disruption
- Enhancing stakeholder trust and boardroom decision-making
- Developing strategic foresight and agile planning capabilities
- Building resilient organisations that thrivenot just survive
Whether you're a C-suite executive, policy leader, or aspiring changemaker, this guide offers tools to drive excellence, accountability, and strategic transformation in a fast-changing world.
Use this toolkit to lead with boldness, agility, and purposeno matter the storm.
To register for TEXEMs executive programme that builds boardroom excellence, visit: www.texem.co.uk/strategic-governance-and-leadership-steering-excellence-in-turbulent-times
Human Centricity as a driver for workplace innovation - Peter Oeij & Frank Kr...Peter Oeij
油
Presentation for the conference "Advancing Industry 5.0: Building skills, enhancing employee voice and driving workplace innovation", Leuven (Belgium) 16-16 June 2025, organised by EUWIN, Broadvoice, Bridges5.0 and SEISMEC