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The Future of Electronic Payments

Paul Carroll, Editor-in-Chief of ITL

When I first came across the concept of "reverse innovation" a decade-plus ago, I was intrigued. Those of us living in fully developed economies tend to assume that innovation flows from our shores to countries in the developing world. But not always. When it comes to cost, in particular, many innovations happen in developing economies and, if the rest of us are paying attention, become available to the developed economies.

Vivek Wadhwa, a very smart fellow I've gotten to know over the years, and two co-authors have written a provocative piece in Fortune that argues that, while most of us have been distracted by the battle that cryptocurrency advocates have been waging against so-called fiat currencies (issued by governments) and the high cost of the traditional banking system, India may have come with an answer.

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Register for the latest webinar featuring Denise Garth, Chief Strategy Officer at Majesco and Ann Dielman, Board of Directors at the Global Insurance Accelerator at PIMA, as they dive into the current state of embedded insurance and the role of partnerships and distribution ecosystem strategies.

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ITL FOCUS JULY: Talent Gap

Sponsored by Agent Sync

When my younger daughter was a freshman at Yale, I was encouraged that her intro to economics class included a fairly long section on the economics of insurance -- essentially, an exercise in determining how much people valued the peace of mind they get from having a policy in place. Insurance certainly never came up in any of the economics classes I took way back when, and I took the material as a good sign: A top-tier college was making insurance intriguing for smart, young students.

Alas, I couldn't interest my daughter in the insurance industry. And there seems to be a lot of that indifference going around, based on the persistent concerns in the industry about the talent gap.