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.
Technical competence is never enough, at least not for inspiring excellence in execution in others, helping them to be better than the teams you're competing against.
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.
MassMutual CIO Bob Casale Reimagines ITFebruary 06, 2013The technology head visited Insurance & Technology's offices and shared some insights into the insurer's new approach to IT.
Dell to Go Private in $24.4 Billion DealFebruary 05, 2013Computer maker Dell Inc will go
private in a $24.4 billion deal that also involves Microsoft
Corp and private equity firm Silver Lake, the parties
said on Tuesday.
Patriot National Launches New iOS iApp for Customers, Agents, EmployeesFebruary 01, 2013The Fort Lauderdale-based workers' comp carrier's new iPad and iPhone app, available in the Apple App Store, provides targeted information and geography based instant communication capabilities to the insurers customer, agents and employees.
U.S. Proposes Compromise on Contraceptive CoverageFebruary 01, 2013The Obama administration laid
out its blueprint for providing contraceptive coverage for
employees at nonprofit religious organizations on Friday,
proposing rules that would contain benefits within separate
individual insurance plans without cost to the em
Aetna Profit Falls After SettlementJanuary 31, 2013Aetna Inc said on Thursday that
fourth-quarter earnings fell sharply, as costs rose in parts of
its employer-based insurance business and it took charges for
settling litigation over payment practices for out-of-network
care.
RIM Changes Name to Blackberry, Hoping For Fresh StartJanuary 30, 2013Research In Motion Ltd
is changing its name to BlackBerry, the company
announced on Wednesday, in move to refresh its tarnished image
as it begins marketing a reengineered line of BlackBerry 10
smartphones.
In CAT-Prone Haiti, Microinsurance Gains SteamJanuary 30, 2013When Hurricane
Sandy struck Haiti late last year, the home Guerda Pierre shares
with her three children and mother in Cabaret, north of
Port-au-Prince, was flooded - and so was the merchandise she
sold to make a living.
U.S. Government Warns of Hacking Threat to PCsJanuary 29, 2013The U.S. Department of Homeland
Security urged computer users on Tuesday to disable a common
networking technology feature, after researchers warned that
hackers could exploit flaws to gain access to tens of millions
of vulnerable devices.
Crum & Forster Creates Analytics VP PositionJanuary 24, 2013The new hire will assist the company's underwriting, marketing, and claims operations with data mining and predictive modeling.
Nationwide’s PolicyCenter Project Pioneers Package Policy Admin for Top-Tier InsurersJanuary 24, 2013CIO Jim Korcykoski and project leader Seth Flory, VP, Business Transformation Office, relate how Nationwide decided the time — and the target system — was right for a package policy admin system implementation for processing policies representi
WellPoint Posts Higher ProfitJanuary 23, 2013WellPoint Inc reported a
higher-than-expected fourth-quarter profit on Wednesday as it
kept medical costs down, but the second-largest U.S. health
insurer said it was taking a "prudent" view of 2013 in the face
of industry reform.
Customer Retention, Firmer Pricing Lift TravelersJanuary 23, 2013U.S. insurer Travelers Cos Inc's
quarterly profit handily beat Wall Street expectations as it
charged more for insurance coverage while holding on to its
customers, sending its shares up as much as 5 percent to an
all-time high.
NAIC Names New CEOJanuary 22, 2013Former Senator Ben Nelson brings legislative, regulatory and executive experience to CEO role.
Aetna to Sell Missouri Medicaid as Part of Coventry DealJanuary 22, 2013Aetna Inc said on Tuesday it
agreed to sell its Missouri Medicaid business to WellCare Health
Plans Inc as part of its purchase of Coventry Health
Care Inc because their combined Missouri businesses had
exceeded Medicaid membership limits.
Sun Life and Malaysian Government to Buy Aviva Malaysian UnitJanuary 17, 2013Canada's Sun Life Financial Inc
and Malaysian state investor Khazanah will buy the Malaysian
insurance joint venture of Britain's No.2 insurer Aviva Plc
and lender CIMB Group.
UnitedHealth Q4 Revenue Up, Costs ControlledJanuary 17, 2013UnitedHealth Group Inc, the
largest U.S. health insurer, said on Thursday it kept
fourth-quarter costs under control and increased revenue by more
than 11 percent, helping earnings per share to rise.
Sandy Dominates Conversation at P&C Industry ForumJanuary 16, 2013Both industry observers and industry participants spent a lot of time discussing Hurricane Sandy at this year's Insurance Information Institute Property/Casualty Joint Industry Forum.
Goldman Sachs to Sell Stake in Reinsurance GroupJanuary 16, 2013Goldman Sachs Group is
seeking a buyer for a majority stake of its $1.4 billion
reinsurance group, according to a copy of its January
presentation to potential buyers that was viewed by Reuters.
Gartner: Corporate IT Budgets to Fall Half a PercentJanuary 16, 2013Corporate budgets for technology
spending are set to fall 0.5 percent in 2013 from last year's
levels as companies look to cut costs amid concerns about the
economy, according to a survey by Gartner Research.
