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WORKS
[ STRATEGY ]
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PROFESSIONAL ANALYTICAL
RESEARCH PAPER
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TITLE PAGE
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The Inefficiency Paradox -
Making Sense of the Insurance Industry
A Paper by Vinsurance.com
Abstract
Effectiveness requires redundancy. Makes sense. It’s also a contradiction. It’s
called the “paradox of inefficiency”. We resolve this paradox by creating models
or constructs of what is effective. We create these models to organize making sense
of our individual economic situation, the viability of a business and even to rationalize
entire industrial structures and operations. For instance in this case, the insurance
industry. These ‘contradiction resolution constructs’ we create are remarkably dynamic.
These models enable us to effectively earn a living and/or maintain a standard of
living in times of relative stability and in times of extreme challenge. This paper
presents this argument accordingly in (10) pages. Several bold industry proposals are made
to illustrate main points.
Table of Contents
Section 1.0
1.1 The Paradox
1.2 The Industry
1.3 The Challenges
1.4 The Solution
Section 2.0
2.1 The Industry is Not a Zero-sum Game
2.2 Federalizing Insurance Regulation - Service and
Data Normalization
2.3 Solemn vs. Serious Redundancy
2.4
Press the Reset Button
– (5) Value Propositions for Updating Insurance Distribution
2.4.1 Not Being
a Turkey
2.4.2 Being Green
and Patriotic
2.4.3 Have a
Standardized User Interface
2.4.4 Have a
Standardized Data Model - Seriously Expand Markets
2.4.5 Provide
/ Consume Interoperable Services in a Value Network
2.5 The Otherwise Obvious Story – Identity and Access
Section 3.0
3.1 Freedom and Efficiency
3.2 Creativity
References
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Published: 5 Mar 2009
Format: Word, PDF
Length: 10 Pages
Type: Analytical Research
Language: English
Price: To be determined
Copyright Vinsurance.com, 2009 All Rights Reserved.
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Excerpt
- Entire Section 2.4, "Press the Reset Button - (5) Value Propositions
for Updating Insurance Distribution
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Copies of the paper are available for purchase by qualified individuals and organizations.
Send inquires to: info@vinsurance.com
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