Erik J. Sandquist

Oct 19, 2023 | insuranceblog.accenture.com | Erik J. Sandquist |Jim Bramblet |Michael Reilly |Heather Sullivan

Leading insurers are defining new revenue paths while contributing to communities in the process. This is defined as inclusive insurance, a concept that is playing a key role in the insurance industry’s evolution. Take two of the major global carriers, Generali and Allianz: Generali has created The Human Safety Net, to support families living in vulnerable circumstances. Allianz has created insurance offerings that cater towards migrants living in Europe.

Jun 16, 2023 | insuranceblog.accenture.com | Shay Alon |Jim Bramblet |Erik J. Sandquist |Scott Stice

The tech-powered operating model research, shows that a broad enterprise technology strategy is crucial for business success. Part of that success comes from a leader’s ability to scale technology to drive exceptional customer experiences and new value propositions. In support of such an endeavor, insurers, driven by speed to market with new and differentiated products, are modernizing their core insurance systems and moving them to the cloud.

May 23, 2023 | insuranceblog.accenture.com | Shay Alon |Kenneth Saldanha |Erik J. Sandquist |Silvia Milian

Insurers understand the need to replatform by migrating to the cloud to enable innovation and growth. At the same time, they are taking a hard look at their legacy blocks to determine the business value of converting them. Doing so opens the possibility to decommission the legacy systems and reduce their technical debt. Some carriers are using their company’s enterprise cloud initiatives, while others are taking a hosted approach that lets them accelerate product innovation.

Apr 25, 2023 | insuranceblog.accenture.com | Kenneth Saldanha |Shay Alon |Erik J. Sandquist |Darcy Dague

Every day we see headlines about generative AI. For the insurance industry, this technology offers acceleration in many areas in which AI-led transformation is already underway. But, like any emerging technology, it also introduces new areas of risk. In this Insurance News Analysis, Abbey Compton and I are joined by Daria Lee Sharman for a discussion of the topics she highlights in her article, 7 challenges the insurance industry is facing with generative AI.