Podcast
Questions and Answers
What should carriers be focusing on when developing a strategic plan based on AI insights?
What should carriers be focusing on when developing a strategic plan based on AI insights?
- Venture-capital arms
- Insurtech companies
- Operations, talent, and technology (correct)
- Technology only
In addition to AI explorations, what is a key factor that carriers must consider in their long-term strategic plan?
In addition to AI explorations, what is a key factor that carriers must consider in their long-term strategic plan?
- Touching operations, talent, and technology (correct)
- Acquiring promising insurtech companies
- Building in-house strategic capabilities
- Forging partnerships with leading academic institutions
What innovative approaches are some carriers already taking according to the text?
What innovative approaches are some carriers already taking according to the text?
- Starting venture-capital arms (correct)
- Outsourcing strategic capabilities
- Building in-house capabilities only
- Developing a perspective on investments
When developing a strategic plan, why is it crucial for insurers to identify areas they want to invest in?
When developing a strategic plan, why is it crucial for insurers to identify areas they want to invest in?
What dimensions should a strategic plan for large-scale, analytics-based initiatives address?
What dimensions should a strategic plan for large-scale, analytics-based initiatives address?
What should the road map of AI-based pilots and POCs detail?
What should the road map of AI-based pilots and POCs detail?
Why do some carriers begin taking innovative approaches like starting venture-capital arms or acquiring insurtech companies?
Why do some carriers begin taking innovative approaches like starting venture-capital arms or acquiring insurtech companies?
What is a critical factor that insurance companies should consider when deciding on the strategic approach best suited for their organization according to the text?
What is a critical factor that insurance companies should consider when deciding on the strategic approach best suited for their organization according to the text?
What should carriers focus on regarding people when planning for large-scale analytics-based initiatives?
What should carriers focus on regarding people when planning for large-scale analytics-based initiatives?
Why should insurers outline a road map of AI-based pilots and POCs according to the text?
Why should insurers outline a road map of AI-based pilots and POCs according to the text?
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