08.05.2019

From the Field – The Digital Self. What is the greatest existential threat to insurance?

Ironshore’s recent executive seminar for broker partners addressed the broad impacts of Artificial Intelligence (AI) and its implications on the Insurance industry.  Our guest speaker, Tom Koulopoulos, is Chairman and Founder of Delphi Group, a Boston- based think tank providing advice on leading edge technologies and futures to Global 2000 organizations. In our last post we explored Tom’s perspective on the The Impact of AI. In this second installment, we explore Tom’s question, “What is the existential threat to insurance?” To get to the answer, he first summarizes the new digital ecosystem and the “digital self” that exists for each person and entity in the world today.  

07.22.2019

Robotics in the Operating Room Gives Surgeons Greater Control, Improves Patient Outcomes

They’re here.  Robotics in the operating room is happening now and is the fastest growing segment within the healthcare medical device sector.  The myth of robots actually performing surgery is finally being dispelled. Robotics systems offer a tool for the surgeon to aid in surgical procedures for greater flexibility, precision and control. Patients benefit from improved medical outcomes and faster recovery times.   

07.18.2019

Researchers at Colorado State University Update Forecast of Atlantic Seasonal Hurricane Activity

Hurricane researchers at Colorado State University (CSU) updated their forecast of 2019 Atlantic seasonal hurricane activity on July 9th.  The researchers have maintained their forecast for a near-average 2019 Atlantic hurricane season.

Since the time of the forecast release, Hurricane Barry has formed so an additional 12 named storms and 5 hurricanes are now anticipated.       

07.16.2019

Lottery Mentality of Today’s Juries – How Much is Enough?

People’s perspective of what is a lot of money continues to escalate. How much is enough? How much is too much? Never has this lottery mentality been more on display than in recent jury awards related to healthcare lawsuits. While the frequency of healthcare professional liability claims may have stabilized or even shown slight declines, the increased severity of such claims has been staggering.

07.11.2019

From the Field – The Impact of Artificial Intelligence

Ironshore & Liberty Mutual's recent executive seminar for broker partners addressed the broad impacts of Artificial Intelligence (AI) and its implications on the Insurance industry.  Our guest speaker, Tom Koulopoulos, is Chairman and Founder of Delphi Group, a Boston- based think tank providing advice on leading edge technologies and futures to Global 2000 organizations. Named one of the industry’s most influential information management consultants by InformationWeek magazine, Tom Koulopoulos is an authority on the implications of trends in technology, society and business for global organizations. In this multi-part blog series, Tom leads us on a thought-provoking journey to answer the following question and many others. 

“The world is built on action...The world is built on scale...AI is not scalable today based on the current technology and business models.” Artificial Intelligence is an idea. How do we scale the idea to create value? How do we minimize it as a threat and actualize the opportunities it presents? 

06.17.2019

Insurance Solutions for Design-Build Delivery Method Construction Projects

Insurance is an important element in a comprehensive design-build delivery plan to help manage and allocate the risk inherent in most construction projects.  Most exposures can be transferred through a combination of traditional insurance and surety products.  The challenge is selecting the appropriate insurance products to address the specific nature of the design-build delivery agreement entered into by the property owner and the design-build contractor, who is legally liable for professional services.