Blog


Region's Insurers Silent in Sandy's Wake
October 30, 2012 @ 12:46 PM | By Anthony O'Donnell

Few insurers reachable in an area where mass power outages, flooded roads and closed facilities prevail.

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Regulators Remind Insurers of CAT-related Duties
October 30, 2012 @ 11:51 AM | By Anthony O'Donnell

Wolters Kluwer's Kathy Donovan reports that some East Coast regulators issued bulletins and alerts to give insurers guidance on their responsibilities related to Hurricane Sandy.

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Video: The Day After Sandy in Bay Ridge, Brooklyn
October 30, 2012 @ 11:43 AM | By Nathan Golia

I&T associate editor Nathan Golia checks in again from Bay Ridge, Brooklyn, the day after Hurricane Sandy lashed the New York area.

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The View from Twitter: Can Insurers Handle Sandy Claims?
October 29, 2012 @ 17:08 PM | By Nathan Golia

Whether you believe insurers are adequately capitalized for Sandy claims or not, you'll find someone to back you up on Twitter.

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Video: I&T Reports from Hurricane Sandy's Initial Salvo
October 29, 2012 @ 09:54 AM | By Nathan Golia

Insurance & Technology associate editor Nathan Golia puts the "journalist" in "citizen journalist" in this footage taken near his Brooklyn apartment.

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Sandy Appears to Be That Once-in-a-Lifetime Storm
October 29, 2012 @ 09:34 AM | By Kathy Burger

Sandy appears to be that once-in-a-lifetime storm; it's too early to know what the costs will be, but insurers' responses will be in the spotlight.

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As Sandy Approaches, Report Questions Whether We'll Know About the Next One
October 28, 2012 @ 22:46 PM | By Nathan Golia

The New York Times reports that the fleet of hurricane-tracking satellites is aging, and could fail without a potential replacement for a year or longer.

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Is Climate Change Altering Insurers' Hurricane Risk?
October 26, 2012 @ 15:54 PM | By Nathan Golia

Hurricanes Irene and Sandy -- not to mention the "Frankenstorm" into which Sandy might develop -- are clear indicators that it's not just Florida at risk for major hurricane damage anymore.

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Main Street America Finds Agents Prefer Social for Pre-CAT Communications
October 26, 2012 @ 13:19 PM | By Nathan Golia

Corporate communications director Mark Friedlander says using social to reach agents in advance of a catastrophe event is efficient and positive for the brand.

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Reviews: Microsoft Surface RT Long on Promise, Short on Early Results
October 25, 2012 @ 12:54 PM | By Nathan Golia

Insurers looking for a more content-creation-friendly tablet than Apple's iPad may have eyed Microsoft's Surface. However, early reviews indicate there's still work to be done before it's a true enterprise-ready device.

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A 12 Point Checklist for Automated Underwriting
October 25, 2012 @ 11:02 AM | By Gino B. DiGregorio and Charity McGill- Accenture

Automated underwriting systems offer the promise of better information and greater efficiency But insurers considering such systems should prepare a checklist to make sure that the systems address the underwriters’ concerns.

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5 Technology Trends: an Elite 8 CIO View
October 24, 2012 @ 13:29 PM | By Anthony O'Donnell

Jackson National CIO Mark Clark shares thoughts about the technologies shaping the insurance industry in the near future.

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Do Insurers — or Anyone — Need a Mini iPad?
October 24, 2012 @ 12:28 PM | By Nathan Golia

Real estate is what makes tablet computers enticing for insurers.

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Reality Check from Nando Parrado, Survivor of ’72 Plane Crash in the Andes
October 23, 2012 @ 13:27 PM | By Anthony O'Donnell

The ordeal of Uruguayan Air Force Flight 571 shows not only the importance of teamwork but also the ultimate importance of individual motivation, Nando Parrado said in his address to the general session during the Guidewire Connections conference.

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Big Data: Technical or Organizational Problem?
October 22, 2012 @ 10:09 AM | By Rachel Alt-Simmons- SAS

With the “big data” buzz, focus has zeroed in on technical solutions to increase flow of information. But what are the organizational considerations that insurers need to make? Where does big data fit into data management strategies?

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Gamification an Outlet for Itchy Mobile Development Organizations
October 19, 2012 @ 13:10 PM | By Nathan Golia

Insurers are putting out mobile games with astonishing regularity. There must be a good reason, right?

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Esurance Delivers on Ease of Doing Business Online
October 16, 2012 @ 11:36 AM | By Nathan Golia

The insurer's recently announced Express Lane capability allows applicants to pre-fill data and speed the application process.

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Introducing I&T’s Elite 8 of 2012
October 15, 2012 @ 13:35 PM | By Anthony O'Donnell

Insurance & Technology once again has the pleasure of introducing the year’s Elite 8 Award winners, who will be featured in I&T Daily during the course of the week.

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The Sexiest Man in Insurance? Why Big Data Chiefs are Hot
October 11, 2012 @ 11:32 AM | By Anthony O'Donnell

The Harvard Business Review calls "data scientist" the sexiest job of the 21st century, and when it comes to data, what applies to industry generally applies to insurance specifically at least as much.

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5 Communication Tips for Insurance CIOs
October 10, 2012 @ 12:26 PM | By Nathan Golia

Communications consultant Matt Kucharski shared insights with a group of insurance CIOs on how to best explicate their ideas.

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4 Major Challenges for Insurance CIOs: E&Y's Hollander
October 09, 2012 @ 11:04 AM | By Anthony O'Donnell

Today's insurance CIO faces the demand to support growth and profitability, increase focus on the customer, and develop new data capabilities to support regulatory demands and other business imperatives, according to Ernst & Young's David Hollander.

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Walmart's Financial Services Push Includes Metlife
October 08, 2012 @ 12:08 PM | By Nathan Golia

The retailer is selling "life insurance in a box" from the carrier famous for its Snoopy advertising.

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More on Nationwide's Big Data Strategy
October 08, 2012 @ 10:07 AM | By Nathan Golia

A company AVP says that conventional, structured data — which insurers already have in spades — can help inform the insights gleaned from unstructured, new data sources.

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Modernization Choice: Replacement or Future-Proof Environment Leveraging Legacy Assets?
October 05, 2012 @ 10:51 AM | By Wendy Corman- edgeIPK

Considering the difficulty, length, cost, risk, and project metric failure rate of legacy replacement initiatives, more insurers should consider future-proofing strategies that leverage legacy systems over mere modernization.

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Keeping the Customer: Analytics Driven Acquisition and Retention
October 03, 2012 @ 10:38 AM | By Anand S. Rao- Scott Busse- and Punita Gandhi

Analytics that focus on acquisition and retention can help insurers increase market share — without sacrificing profitability — by managing the return on acquisition and retention spend among and within marketing, distribution and service.

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