Whew. Thanksgiving (aka: the most overrated holiday on the calendar) is over. We survived, everyone. Give yourselves a warm round of applause.
But watch out! There’s another freight train coming right for us. That’s right…it’s awkward office holiday party season.
You know the parties I’m talking about. The ones attended by people that only really interact with each other for a paycheck, filled with the sounds of bad Christmas songs performed by early 2000’s boy bands and populated by people in ugly holiday sweaters for some reason (seriously…how are these popular?).
You know…the ones where everyone is drinking just a bit too much to numb the empty feeling in their soul as they listen to their boss’s bad jokes.
Those awkward office holiday parties!
Well, prepare yourselves, because we’re entering that time of year.
But before you head off to your local, reasonably-priced restaurant and watering hole for “fun” let’s take a look at some of the most interesting insurance stories from the past week – including this great piece on surviving holiday office parties!
Holiday office party disasters and how to avoid them
Huh…apparently employees aren’t the only ones that suffer from awkward holiday office parties. According to this piece from Property & Casualty 360, employers also can fall prey to these schlock fests when employees behave badly.
With that many personalities quarantined in one place and fed enough alcohol to make a pygmy pony go blind, there’s a good chance that some bad decisions could be made, and that the employer could be liable for it.
If Chuck from Accounting gets on the last nerve of Kevin from Human Resources and they come to blows? The company could be liable for any injury that results. The company could also be liable for any harassment that occurs at the party. And they can also be liable for any damages should employees have a few too many and then decide to drive home.
The article does lay out some pretty realistic scenarios in which these things could play out. They also provide some good ways to mitigate risk and keep folks from engaging in behavior that could be detrimental to their health and the long-term economic interests of the organization.
Seriously…read this before your next office party. If could help your company avoid some unwanted insurance claims.
InsurTech Gateway is a new insurance tech accelerator backed by Hambro Perks
The insurance industry is poised for a revolution. New technologies – such as sensors and wearables – are going to make it much easier to identify risk factors, more accurately predict risk and enable insurers and their customers to identify possible problems earlier and eliminate them before they become insurance claims.
But these technologies are out there now, and the industry hasn’t seen mass adoption yet. So, what is everyone waiting for?
Unfortunately, there are issues keeping these technologies from reaching end users and truly making an impact in the insurance industry – including regulatory red tape.
Luckily, there are folks dedicated to trying to change that. And one of them is the InsurTech Gateway, a next generation startup accelerator for the insurtech space.
Being launched in early December by Hambro Perks – a venture capital and private equity firm based out of London – the InsurTech Gateway claims to be, “the fastest place to develop and test new insurance concepts.” They’ll achieve this by providing funding, insurance, desk space and guidance to startup insurtech companies to help them bring their solutions to market more quickly and efficiently.
Kudos to Hambro Perks for putting this incubator in place to help insurtech companies make it to market more rapidly. Let’s see if any American VC and PE firms follow suit.
The future of life insurance: How insurtechs are tackling this notoriously tricky area of insurance
Nobody likes to talk about life insurance. It’s a rather dark topic to consider. “If I die an untimely death, how do I get a sum of money to the people that will be celebrating the least?” is not a question people like to ponder.
That creates a problem for life insurance companies. It’s understandably difficult to sell something to someone if they don’t really want to even think about it. It’s like selling bear mace…it could come in handy, but who sits there and contemplates their chances of being mauled by a bear?
Luckily, there could be help on the way for life insurance companies in the form of new insurtech solutions.
According to this report overview from Business Insider, “a small yet growing niche of insurtech startups is now finding different ways to digitize life insurance to make it more appealing. Life insurance-focused startups are tackling a number of problems with the status quo, including a lack of consumer understanding of the product, inconvenient application processes, weak customer loyalty, and inefficient data management and processing.”
And I’m down with that.
I know that I, personally, have avoided even thinking about a life insurance policy for a few years. Anything that can make the application and purchasing process easier is welcome. After all, how else will I ensure that my guinea pigs are provided for in the instance of my untimely death?