The THINK Blog

What do Sherlock Holmes and Reinsurance Reviews have in Common?

Apr 27, 2016 10:00:00 AM / by Mindy Epstein-Hinshaw posted in Reinsurance, Audit

What do Sherlock Holmes and Reinsurance reviews have in common? At first blush this may seem like an odd comparison.  Sherlock Holmes, is a fictional character famous for his “consulting” detective ways. Reinsurance reviews or audits involve some form of analysis on reinsurance business. This could include analyzing overall business performance, conducting due diligence on a new client or deal validation.  So how do these two worlds collide? Well, Sherlock Holmes is known for his powers of observation and deductive reasoning which are the same traits required by those of us who perform reinsurance reviews.

Since reinsurance reviews can cover a wide range of topics depending on the scope of the review, they require different reference sections from the paper treaty. A thorough investigation, like Sherlock Holmes, involves a combination of detailed observation and detective skills to identify and find the sections needed for the type of review at hand.

 In this post, I’m bringing out my inner Sherlock Holmes to walk you through three types of reviews and the sections required for a successful investigation.

Read More

Two Necessary Business Strategies For Continued Growth

Apr 26, 2016 5:40:04 PM / by Raymond E. DiDonna posted in LOGiQ3 Culture, Thought Leadership, CEO Series

So you’ve made it past the ten year mark as a company. That’s a huge accomplishment (and one we celebrated this year) considering 90% of startups fail. You are proud of what you have accomplished but you’re likely focused on the future and how to continue building on that growth and momentum. In other words, how can your business grow bigger and get better all while maintaining success. As CEO, this is a question I am tasked with every day. Of course the specific answers to this question will look different for every company but I think there are a two overarching strategies that can lead you to continued success. Find out what they are below.

 

Read More

The Basis for Underwriting a Variety of Products in the Life Insurance Industry

Apr 26, 2016 5:20:01 PM / by Lindsay Priest posted in Underwriting

Blog_LP_Life_Insurance_Variety_Products.jpg

Traditionally underwriters were recruited from several educational backgrounds usually related to finance, business, and other fields that could be easily associated with insurance and financial services products. Interestingly, in more recent years, insurance companies have been increasingly recruiting their underwriters from health science and applied science related backgrounds. We now find that our industry is compiled of a mix of these individuals. And, as it turns out, what we’ve learned from rolling out an underwriting education internship, a good candidate for life underwriting has a strong basis of knowledge of both the human body anatomy, diseases and disorders, AND some financial services education.

Whether you’re considering a career in life insurance or not, I’ll walk you through three types of life insurance you can apply your financial and/or health science related background to!  

Read More

Why Your Interview Process Should Be Like Dating: Building the Right People & Talent Part II

Apr 21, 2016 1:44:22 PM / by Natalie Ho posted in LOGiQ3 Culture

In a previous post, we outlined the necessary steps to establishing an environment that people want to join. This is one of the keys to building the right people and talent at your organization. The second, is all about how to get these people in the door. As mentioned in the last post – the process is similar to dating.

Though Human Resources is not my area of expertise, I have played a role in building the  winning team at LOGiQ3 from day one. In this blog, I’ll try my best to share some insight as to why dating is a good comparison when it comes to People & Talent.  

Read More

Attending AHOU 2016?! Chat with us at the Expo!

Apr 20, 2016 4:17:12 PM / by Nick Joly posted in Underwriting, Claims, E-Learning / Training, Industry News

The 2016 AHOU (Association of Home Office Underwriters) Conference is just weeks away! As exhibitors, our team of underwriters are looking forward to the upcoming breakout sessions and exhibition trade show! We are big believers in keeping up with life underwriting trends, so we've definitely got our eyes on the insights that will be shared at AHOU 2016. Some of the topics that have piqued our interest and that our experts will definitely be attending are:

Read More

Continuous Innovation: How Can B2B Companies Keep Up?

Apr 14, 2016 9:36:21 AM / by Chris Murumets posted in Innovation, Technology

These days it seems we are constantly hearing about the latest technological innovation or life-changing product. I’m sure a few brands even come to mind for you. Perhaps Apple or Tesla? But how many B2B companies or services do you think of when you hear the word innovation?  There isn’t quite that same association, yet, is there?! However, many B2B companies are making huge strides to deliver innovative solutions to their customers. Over the past ten years, innovation has been top of mind for me, despite being in a B2B industry where the idea of innovation is only recently being adopted. While my experience for pushing innovation has been in the world of insurance, I believe what I’ve learned can be applied to any B2B company striving for continuous innovation. 

To sum it all up, here are five ways B2B companies can have continuous innovation: 

Read More

Insights from Implementing an Underwriting Education Internship!

Apr 12, 2016 2:00:17 PM / by Carmela Tedesco posted in Underwriting

Finding good talent and hiring the right trainees within your organization can be an exhaustive process, and often times there are so many factors to consider aside from just a candidate's skill level. A great way to simplify the process, is by investing in an education internship. 

In the fall/winter of 2015, the underwriting team at LOGiQ3 implemented our very own in-house Underwriting Education Internship, and today, I’m excited to share the insights with you! But before diving into what we learned from our experience, here are some of the reasons you might want to consider implementing an education internship and how it can benefit YOUR business!

Read More

Creating a Culture that People Want to Join: Building the Right People & Talent Part I

Apr 8, 2016 12:42:17 PM / by Pamela Kolker

 

As a Human Resources Leader, one question I’ve been asked time and time again is what goes into building the right people and talent at a company? It’s a great question that doesn’t have a simple answer. It was no easy feat, but I’ve narrowed it down to two key elements that I am eager to share with you in this two-part series!

In this first post, I share insight into the necessary steps in establishing an environment people will want to join. Think of it as how to host an ‘A-List’ party that people absolutely want to attend. In part two of this series, we walk you through the process for getting the right people in the door. Something we consider to be similar to dating! I know what you are thinking, ‘hosting parties, dating – how is this relevant to building the right team?’ Well, you’ll have to read on to find out!  

Read More

ReFocus Conference Revealed - The Need for Change in the Life Insurance Industry

Mar 31, 2016 4:28:17 PM / by Raymond E. DiDonna posted in Reinsurance, Life Insurance

Earlier this month the 10th annual ReFocus Conference, co-sponsored by the ACLI and the Society of Actuaries, was held in Las Vegas. ReFocus has become a “Must” Go-To destination for leaders in the life insurance and reinsurance market in North America and beyond. Our team was also invited to speak at the conference and share insight (see here for a sneak peek of our presentation highlights!). This year, more than 600 participants from around the world attended. As always, there was a variety of topics to peak the interests of attendees. But an overriding theme was the need for change in the life insurance industry to be able to better serve its customers of today and tomorrow.

There are some harsh realities in the life insurance world, some of which have always existed, while others are only now becoming prevalent.

Read More

[Insurance News] 4 Insurance Innovation Competitions You Should Know About

Mar 29, 2016 12:00:00 PM / by Megan Gardner posted in Reinsurance, Industry News, Life Insurance

We recently attended the European Insurance Forum where discussion focused on the ever-changing and innovating insurance landscape. Technology has been a driving force of this change but not without the innovative minds of those coming up with solutions, products and ideas. As agents of change ourselves, we are always excited to hear about opportunities for innovation in the industry.

This got us thinking – where do these opportunities for innovation exist? Given these hubs for innovation have the potential to majorly influence and shape the future of our industry, we wanted to keep you in the loop. Without further ado, here are four events encouraging innovation in the insurance world that YOU should know about!

Read More