Start up ventures without legacy burdens enjoy a great opportunity for a forward-looking management team to really embed analytics and digital communications into their strategy, but others can leverage technology for specialty success, suggests Martina Conlon, Novarica.
The potential benefits of automated systems for new business and underwriting – in terms of speed, accuracy, cost reduction and improved service – make for a compelling value proposition.
What a new Gartner report terms "active loss prevention" could usher in a new era of insurer/policyholder cooperation in the prevention of loss of property and person — potentially reshaping consumers' perception of the value of the insurance industry.
New York Insurance Commissioner Ben Lawsky's criticism of captive reinsurance deals appears sensationalist in light of the yesterday's FIO report and industry-side statements.
What a new Gartner report terms "active loss prevention" could usher in a new era of insurer/policyholder cooperation in the prevention of loss of property and person — potentially reshaping consumers' perception of the value of the insurance industry.
Twitter activity around the IASA Educational Conference and Business Show increased this year with the promise of an iPad Mini to one prolific Tweeter. Here's some of the highlights.
MetLife's Aggressive Distribution Strategy Reaches Business MarketNovember 27, 2012Following the company's pilot of individual life insurance "in a box" at Walmarts, the company has released a new selling system aimed at helping agents and brokers more easily identify potential solutions for the business market.
Mountain West to Support Commercial Lines Expansion with Cover-All PolicyNovember 21, 2012With Cover-All’s support for ISO-based products, Mountain West Farm Bureau anticipates greater speed-to-market for new products, along with diminished maintenance on rating updates, ease-of-use and paperless efficiencies.
U.S. Releases New Health Insurance Reform RulesNovember 21, 2012The U.S. administration on
Tuesday proposed new health insurance rules aimed at ending
discrimination against the sick and guaranteeing minimum
benefits for millions of Americans who are expected to obtain
coverage under President Barack Obama's healthcare
AIG to Bid on Chinese State-Owned InsurerNovember 21, 2012Chinese state-owned insurer
PICC Group has secured pledges from American International Group
(AIG) and other investors to buy about half of its up to
$3.6 billion IPO, set to be the biggest in Hong Kong in two
years.
AIG Bailout Lawsuit Vs. N.Y. Fed DismissedNovember 19, 2012The Federal Reserve Bank of New
York won the dismissal of former American International Group
Inc Chief Executive Maurice "Hank" Greenberg's $25
billion lawsuit accusing it of acting unlawfully in bailing out
the insurer during the 2008 financial crisis.
China PICC in Talks With AIG as Buyer for $4b Hong Kong IPONovember 15, 2012China's PICC Group is in talks
with American International Group Inc and others to
become cornerstone investors for its planned listing worth up to
$4 billion, in what will be Hong Kong's biggest IPO in two
years.
AT&T Sees $1b Opportunity in Company CybersecurityNovember 14, 2012Companies will double or
triple spending on cybersecurity in the coming years as attacks
grow more sophisticated and frequent, creating a billion dollar
business opportunity for U.S carrier AT&T Inc, it said on
Wednesday.
New BlackBerrys Coming Jan. 30: RIMNovember 12, 2012Research In Motion Ltd
plans to introduce its new line of BlackBerry 10 smartphones on
Jan. 30, the company said on Monday, giving investors a measure
of confidence that the long-awaited devices are nearing
completion.
New York Cafes, Shops Slammed by Sandy Struggle Back to BusinessNovember 09, 2012After filling dumpsters with
ruined inventory, many owners of New York City's shops and
restaurants find themselves waiting on emergency loans and
insurance companies or trying to personally finance their
recovery from Superstorm Sandy.
U.S. Northeast Digs out from Snow Following HurricaneNovember 08, 2012New York City and much of the
U.S. Northeast on Thursday dug out from a snowstorm that
walloped a region still struggling to recover from the
devastation of Superstorm Sandy.
Insurance CIOs Embrace Their Role as MarketersNovember 07, 2012Transamerica Brokerage president and CEO Michael Babikian spoke at Insurance & Technology's Executive Summit about his time as a CMO and why it was so important that he was aligned with IT. But he wasn't the only one who mentioned the importance of the mar
Why Insurance is Like Victoria's SecretNovember 06, 2012At the 2012 Insurance & Technology Summit, CUNA Mutual CIO Rick Roy told the audience that the company's direct-to-consumer strategy is based on some very unlikely sources.
