Content tagged with Management Strategies posted in August 2012
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Patient Hackers Pose Growing Threat to Insurance Companies Large and Small
Malicious actors, ranging from hostile nation-states to politically motivated 'hacktivists' and organized crime rings, increasingly are leveraging advanced persistent threats to patiently target insurers, seeking intellectual property and customer information -- or just for practice.
Abe Yaknour Named Crum & Forster CTO
Yaknour will work with C&F CIO Nicole Bennett to frame the company's infrastructure, simplify technology platforms across the C&F enterprise, and develop technology strategy.
Concerns About Strategy & Growth Drove WellPoint CEO Braly's Resignation
Concerns about strategy and growth drove WellPoint CEO Braly's resignation; health insurer's board states, "Now is the right time for a leadership change" in explanation of the decision.
550 Pound Bomb Near Munich Re Shows Risk Mitigation FAIL
Bomb control experts pad unexploded WWII bomb with hay bales to absorb shock of explosion, failing to foresee consequences upon controlled detonation.
We’re All Risk Managers Now: Anticipating Hurricane Isaac
Mobile apps, social media and the availability of real-time content give everyone -- from insurance company actuaries to private citizens -- sophisticated capabilities to prepare for natural catastrophes, such as the looming Hurricane Isaac.
Manulife, John Hancock Shuffle Compliance Execs
Kevin Cloherty has been named SVP and global compliance chief for Manulife.
Andrew Made the Insurance Industry Stronger: Marsh's Pieroni
The scope, destruction and costs of Hurricane Andrew in 1992 forced the insurance industry to revamp everything from risk forecasting to claims management. Marsh's Chief Operating Officer William Pieroni says technology has been key to helping insurers up their game when it comes to catastrophe response.
While Floridians Reminisce on Andrew, Battle Over Insurance Rages
Florida residents are looking back on their Hurricane Andrew experiences 20 years after the storm made landfall. Meanwhile, the state's "insurer of last resort" established 10 years after the storm faces financial issues.
The Key Technologies That Transformed Insurers’ Catastrophe Response Post-Hurricane Andrew
Geocoding, modeling, digitization, modern claims systems and dashboards are among the technologies that are helping insurers do a much better job of catastrophe forecasting, planning and response, 20 years after Hurricane Andrew caused more than $26 billion in damage.
Allstate Names Former Ally, BOA Exec New CMO
The insurer spotlighted Sanjay Gupta's analytics and e-commerce experience in making the hire.
Learning the Lessons of Hurricane Andrew
Hurricane Andrew caused more than $26 billion in reported damage, but also inspired the insurance industry to transform the ways it manages claims and provides customer service. Insurance & Technology examines the changes, challenges and lessons learned from Hurricane Andrew in a series of special reports.
5 Reasons Why Hurricane Andrew Still Matters
In the 20 years since Hurricane Andrew hit south Florida on August 24, 1992, there have been more damaging hurricanes and natural catastrophes, but no other event has had as much impact on the insurance industry. To kick off I&T’s special coverage of Hurricane Andrew’s 20th anniversary, here’s a look at the catastrophe and how it has changed the industry.
Ginni Rometty, Golf and Technology Strategy
IBM's recently named CEO has been in the headlines, not because of a big deal or technology announcement, but because of golf club Augusta National's now-rescinded no-women-members policy. What's wrong with this picture?
State Compensation Insurance Fund Names New CIO
Marjorie Hutchings takes over infrastructure engineering and internet operations for the workers' compensation provider.
Lessons for Insurers from Progressive's Social Media Disaster
Progressive's handling of a claim involving the death of a policyholder destroys any vestiges of doubt about the power of social media to harm an insurer's brand.
6 Tips for Avoiding a Social Media Debacle
Progressive's "robotweet" debacle put a spotlight on social media's importance within the insurance industry and the risk companies take if they do not implement a sound social media strategy.
Fireman's Fund Names New COO
Antonio Derossi has worked in the Allianz organization since 2008.
Maine Municipal Association Selects NavRisk
The DAVID Corporation product will run the municipal insurer's claims and policy administration.
Can Mobile Devices be Trusted?
Nationwide's chief privacy officer wouldn't bank on a mobile device "to save [his] life." Does he have a point?
4 Ways Insurers Are Taking the Risk Out of Policy Admin Replacement
How can insurance companies mitigate the risk that comes with high-stakes policy administration replacement initiatives? Four insurers reveal their strategies to diminishing risk and optimizing the business impact of new systems.
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