Indwe Risk Services (Pty) Ltd is one of South Africa’s largest independent brokers, offering personal, business and specialist risk and insurance advisory services. It manages the insurance claim administration of numerous large listed manufacturers, retailers and prominent conglomerates. No two Indwe clients are alike. Thus, with the collaboration of thryve, it developed Lyme, […]
Risk Management, Thought Leadership
Interview: Insurance capacity might soon shrink – and customers need to pick up the slack
17
May
May
Mitigating risk through the purchase of insurance is a tried-and-tested method used by organisations. But picture the day when organisations must compete with each other for insurance capacity. This may not be far away. Several different factors in the insurance world are causing capacity to shrink (hence price/premium inflation) and this may create […]
10
May
May
Insurance companies need to prepare themselves: the digital wave has reached the sector’s shores. For more than a decade, incumbent underwriters, brokers and UMAs have noted the potential impact of technology but did pretty little about it. This attitude has created a gap for a fledgeling insurtech market to develop. Insurtech seems small, […]
10
May
May
This article is part one of a series unpacking the five Call To Actions in IRMSA’s 2021 Risk Report. To learn more about the five CTAs and the report, please read this blog from thryve’s Managing Director. Risk management roles are currently undergoing a transformation, moving from a reactive support role to a […]
15
Feb
Feb
Analytics is only for big companies. Analytics won’t improve a broker’s system. Analytics is pointless because it just means collecting more data. These views are still prevalent among insurance professionals, particularly brokers. In an industry that already operates on customer data, why take the risk of using analytics at a high cost and […]
25
Jan
Jan
How is data helping Starbucks change its operations? What can advisers do to boost their networks on LinkedIn? And could you use a quotable quote or two? Our monthly selection of blogs from thryve’s partners Salesforce, Riskonnect and Tableau, as well as other interesting articles we come across, have all the answers. So […]
10
Jan
Jan
2020 started on quite a high. Global insurance premiums topped $5 trillion, according to Accenture1, and financial services could afford to worry more about technological disruption than market turmoil. But as has been the case countless times in human history, a plague arrived and upset everything. Last year will go down as one […]
27
Oct
Oct
thryve’s family of cloud-based medium and large enterprise risk, finance and customer management services migrate to Microsoft’s market-leading hyperscalar presence. thryve, a leading provider of cloud-based risk, customer and financial-managed solutions, has successfully completed its migration to Microsoft’s Azure hyperscale cloud datacentres. thryve is a pioneer of cloud-powered platforms that help our customers accelerate […]
15
Jun
Jun
By Neer Rama, Force Solutions Product Manager at thryve The insurance industry faces an important transformational challenge. I’ve touched on this in my previous article, where I explored some of the barriers that are keeping insurance incumbents from changing with the times. In that piece, I looked at how looming competition will exploit the […]
20
May
May
By Neer Rama, Force Solutions Product Manager at thryve The arrival of Ontario’s Financial Services Regulatory Authority (FSRA) is a welcome change for the province’s beleaguered motorists. The FSRA has oversight over financial services in general. But there is a particular hope that it will address the ongoing problems of local vehicle insurance, a point […]
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