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Stone Tablets to Satellites Book Excerpt – Technology: DNA of Society

This is the second of eight every-other-week blog posts excerpts from my book: "Stone Tablets to Satellites: The Continual Intimate but Awkward Relationship Between the Insurance Industry and Technology". The publication date for this second post is March 23, 2022. The first blog post excerpted from my book was posted March 9, 2022. The last… Continue reading Stone Tablets to Satellites Book Excerpt – Technology: DNA of Society

Schedule of “Stone Tablets to Satellites” Book Excerpts

On Wednesday, March 9, 2022 I posted the announcement of my soon-to-be-published book "Stone Tablets to Satellites: The Continual Intimate but Awkward Relationship Between the Insurance Industry and Technology" by Wells Media on June 28, 2022. https://rabkinsopinions.com/2022/03/09/barry-rabkin-insurance-book-announcement/ In that same post, I also mentioned that there would be eight every-other-week posts. The March 9 was… Continue reading Schedule of “Stone Tablets to Satellites” Book Excerpts

Barry Rabkin Insurance Book Announcement

This has been a long journey for me to write this book. I don't mean only the time between 4Q19 and 1Q22 when I actually drafted the manuscripts and worked with my editor (Patrick Wraight) at Wells Media. I mean my entire multi-decade insurance career which spanned working within the industry, being a management consultant… Continue reading Barry Rabkin Insurance Book Announcement

Yes, Segmenting Insurance Lines of Business Is Eminently Logical

I read ITL’s cover email this morning (Feb 8, 2022) encompassing the various articles that I could delve into if I was interested. One of the articles was an excerpt - or perhaps it was a copy - of an article that Donald Light had published in IRR discussing a cross-over insurance product issued by… Continue reading Yes, Segmenting Insurance Lines of Business Is Eminently Logical

Status Report: My Book About the P&C Insurance Industry & Technology

One milestone finished: my editor at Wells Media sent me his reviewed copy of my (around 73,000 words) manuscript on Friday, October 29, 2021. He reviewed it for content, including: Content to slim downContent to deleteContent to move (and where to move it)Content to add (and where to add it). I will now begin my… Continue reading Status Report: My Book About the P&C Insurance Industry & Technology

9 Realities About Insurance and Technology

Insurance commerce can only be legally conducted between customers (personal, corporate) and insurance firms (whether reinsurance firm, insurance firm, agency, broker, MGA, MGU).It is illegal to conduct insurance commerce with a technology firm.No technology can ever transform an insurance firm into a technology firm.Technology - whether past, current, or emerging - is critically important to… Continue reading 9 Realities About Insurance and Technology

The Emperor Still Has No Clothes (Insurers Who Believe in VC-Driven Industry Disruption Are The Emperor)

Insurance firms, both incumbents and startups, have been continually told that they are not 'innovative' and the industry must be 'transformed' or 'disrupted.' It is hard, if not impossible, for insurance firm executives not to hear, read, or see those messages all around them (perhaps even in their sleep?). Become 'innovative' or you will be… Continue reading The Emperor Still Has No Clothes (Insurers Who Believe in VC-Driven Industry Disruption Are The Emperor)

The Insurance Industry’s Fundamental Persistent Objective

The insurance industry has one overarching fundamental persistent objective: getting and keeping sufficient scale comprised of clients who have a high likelihood of generating profit. Of course, I mean "profit" as described or defined by the metrics of the insurance lines of business each insurance company conducts commerce. Scale for the sake of scale is… Continue reading The Insurance Industry’s Fundamental Persistent Objective

CX-Shaped Life Insurance Geospatial Initiatives

I began my insurance career as a life insurance actuarial student. The key words are "began" and "student." I enjoyed my time with John Hancock as an actuarial student before I was drafted into the Army. There were no deferments for actuarial students when I got my 'Greetings and Salutations' during that time period in… Continue reading CX-Shaped Life Insurance Geospatial Initiatives

Shift to (Uninsurable) Severity

A few weeks ago, I saw a LinkedIn post from Dr. Robert Hartwig that discussed his testimony to one of the US Senate's subcommittees about the uninsurability of Business Income from the Covid-19 pandemic. Seeing that LinkedIn post, and reading his testimony, triggered my ongoing belief that uninsurability of certain risks has been happening more… Continue reading Shift to (Uninsurable) Severity