CALL FOR COHORT MEMBERS
The Insurance Strategy Community welcomes TBM professionals from Property & Casualty, Life, specialty and other insurers as well as related risk management firms to discuss TBM-related challenges, share TBM best practices and strategies for addressing those challenges, and grow their professional networks.
Recordings of prior events can be found here.
Overview of 2022 Agenda:
The COVID-19 pandemic has forced insurers to leave the status quo behind. Industry's pace for digital transformation has accelerated to survive and thrive. Leading insurers are taking bold steps to capitalize on structural changes in the marketplace: pricing, customer behaviors/expectations, and competition. As evident from Earnings calls, CEOs are actively tapping technology trends and harnessing the technological power to align with marketplace forces to:
- Scale up distribution effectively
- Service customers in efficient digital manner
- Partner effectively with intermediaries (partners)
- Reduce GOE
Where do you stand as an insurer?
- Can you provide the kinds of new products and services your customers want?
- Has your business model evolved from defensive BAU (business as usual) to offensive (more leaning on transformation)?
- Have your operations become digital or are they still largely manual/paper-based?
- How are you driving your tradeoff decisions?
Desirable Outcome:
To align well for the marketplace forces, the Insurance industry needs a value-management framework for the intelligent insurer to identify value in their technology initiatives while remaining nimble. An effective strategy goes beyond the “quick wins” in specific areas and requires an enterprise-wide focus.
Time Commitment & Team Structure
Your cohort will be about 9-12 people (think: small, committed group of insurance industry professionals). The Insurance Strategy Community team meets once a week for 30 mins to align on key priorities and action items. There will also some assignments for each member, so you should plan on spending additional hour or so every two weeks. For example, you might be asked to share what outcomes you and your team are driving with TBM that are particularly valuable to companies in your industry and it would align with the community’s goal of evolving the value-management framework.
The Insurance Strategy Community consists of the following team members:
- Manik Patil, Chair
- Olga Timofeyeva-Vogt, Chair
- Anuj Nath, TBM Technical Advisor
- Niketa Purandare, Program Manager
- 8-12 members of the cohort (recruitment in process)
In 2022, we plan to hold 2 Insurance Strategy Community meetings; one in mid-July and the other during the TBM Conference held November 7-10 in Austin TX where will be present the final output.
What’s the benefit for you?
Networking
You’ll get to know a handful of others in your industry and learn from one another and help foster a TBM Community around Insurance. You will have a chance to broaden your network by participating in TBM Council’s virtual and in-person activities such as the TBM Conference
Recognition
Your contribution will be recognized via content publication after the TBM Conference. We will arm you with a social kit that you can leverage to highlight your involvement in the Insurance Strategy Community on platforms such as LinkedIn, professional blogs, etc.
Next Step:
Join the TBM Insurance Strategy Community to learn about the value-management framework and contribute to its evolution with your insights as well.
Contact Niketa Purandare (npurandare@apptio.com) to express your interest by April 15, 2022.