Full article with thanks to: mckinsey.com/featured-insights/mckinsey-explainers/what-is-leadership Leadership is a set of mindsets and behaviours that aligns people in a collective direction, enables them to work together and accomplish shared goals, and helps them adjust to changing environments. All leaders, to a certain degree, do the same thing. Whether you’re talking about an executive, sports coach, or schoolteacher, leadership is enabling others...

Full article with thanks to: forbes.com/councils/forbescoachescouncil/2024/10/22/seven-ways-leaders-overcomplicate-things-and-how-to-simplify-them For a business leader, it can be easy to get caught up in the day-to-day details and inadvertently make things more complicated than they need to be. Whether it’s overloading team members with too much information or creating processes for no reason, adding unnecessary complexity can often hinder a team’s productivity and negatively impact...

Full article with thanks to: techround.co.uk/tech/generative-ai-future-insurance-pricing-software The insurance sector has been slow to adopt widespread process transformation to modernise traditional practices and explore new opportunities. Incorporating cutting-edge insurance technologies like Generative AI holds significant promise for insurers. Generative AI refers to a subset of Artificial Intelligence systems designed to generate content, such as text, images, and audio, mimicking existing data from various...

Full article with thanks to: imd.org/ibyimd/technology/riding-the-waves-navigating-the-digital-landscape-in-financial-services How ready is the financial services industry to benefit from digital disruption? Findings from the Global Center for Digital Business Transformation’s Digital Vortex survey. The rapidly evolving digital landscape has prompted industries across various sectors to reassess their strategies and perspectives. In light of this, the findings from the latest Digital Vortex survey, the latest version...

Full article with thanks to: mckinsey.com/industries/financial-services/our-insights/insurance-blog/a-new-industry-model-for-insurtech Insurance companies should pay close attention to insurtechs—not because they’re coming to attack, but because they’re coming to collaborate. For established insurers, insurtechs can be digital enablers that drive the adoption of digital technologies along the value chain. To realise the potential, it’s important that both sides focus on the strength they’re bringing to...