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.
FirstBest Integrates Verisk Data with Underwriting SuiteJune 13, 2013Version 5.0 of the company's Front Office Suite for underwriters includes integration with multiple data sources from Verisk Analytics' underwriting division.
Big Data's Consumerization AngleJune 07, 2013As with mobile and social media, insurance company employees increasingly expect to have access to analytics and big data capabilities.
Is Big Data Insurers' Savior — Or Destroyer?June 03, 2013Industry experts are warning that if insurance companies don’t master analytics and big data, someone else will — presenting a devastating competitive challenge.
Hartford Steam Boiler Partners on Blackout Risk TechMay 30, 2013The Munich Re unit has partnered with Atmospheric and Environmental Research to develop a technology that insurers and clients can use to assess blackout risk.
3 Signs of Analytical MaturityMay 29, 2013Companies have been installing and utilizing business analytic tools for decades. An organization high on the analytics maturity scale should lower their continued investment in software and services while reaping greater value on their investment.
RMS Debuts the RMS (one) Real-Time Exposure and Risk Management EnvironmentMay 09, 2013The new environment will provide intuitive, enterprise-wide access to real-time risk intelligence, enabling decision-makers at every level of the organization - from risk analysts to the CEO - the opportunity to ask questions and get answers in real time, according to the vendor.
Managing Marketing's IT SpendApril 25, 2013With so much marketing budget devoted to technological initiatives, IT needs a clear strategy to effectively manage those digital marketing dollars.
What Big Data Means For Infrastructure CostsApril 24, 2013Most insurance companies have at least one big data effort under way, if not more. The cloud can help meet those needs without breaking the bank.
How Big Data Opens Up More Product Options to InsurersMarch 27, 2013In a world where some consumers are as curious about their own data as insurers are, carriers can use their analytical experience to tailor products to that need.
Insurer Chief Risk Officers' Profiles Rise with Prominence of Tech: E&YMarch 19, 2013Increased risk exposure to risk due to social media and channel proliferation, as well as a focus on data and analytics projects in the "big data" era, is raising the profile of the chief risk officer within the insurance enterprise, according to Ernst & Y
