There are incredible opportunities associated with the development of platform business models and digital ecosystems in the global insurance industry. My focus is on these opportunities.
Elias Point Ventures, LLC
Elias Point Ventures is an organization in formation that is focused on facilitating the adoption of platform business model concepts and the building of platform businesses in the insurance industry. Elias Point Ventures intends to serve as a thought leader, adviser to those seeking to launch a platform business, a facilitator of the platform community through the launching of the Insurance Platforms Institute and a builder, owner and orchestrator of platform businesses.
Insurance Platforms Institute
In the digital era, platform business models beat traditional business models in winner takes all contests. Experts suggest that by 2025 large distinct ecosystems will account for $60 trillion of global revenue or roughly one third of all revenue. Leaders of traditional business models must develop new strategies and operational capabilities or risk disruption by platform businesses that leverage societal change, new technologies and the exponential benefits of the network effect.
The Insurance Platforms Institute is a thought leadership community and industry association that serves business leaders as they drive platform business model and digital ecosystem strategy in the global insurance industry.