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 CEO Pushback at SIFI is One Voice Among ManyApril 12, 2013Steven Kandarian's comments at the April 10 Capital Markets Summit harmonize with those of other carriers and industry associations in a rare case of unanimity.
Conning/Milliman Partnership Boosts Economic Capital ModelingMarch 05, 2013Linking Milliman’s MG-ALFA system with Conning’s GEMS Economic Scenario Generator will respond to regulators’ and raters increasing demand for stochastic modeling capabilities and foster a holistic approach to risk management.
New Conning Investment Optimization Solution Uses Stochastic, Integrated ApproachOctober 10, 2012The Investment Optimizer risk/reward efficient frontier analysis solution, available as software or services, uses stochastic modeling to enable asset-and-liability modeling and places investment risk in the context of underwriting, liability and operation
Koorosh Begian Named AXIS CIOFebruary 23, 2012The former ACE Group and Combined Insurance technology officer will manage AXIS Capital's global IT organization.
Crowd-Sourcing Insurance RegulationsNovember 14, 2011Many insurance industry players are opposed to any kind of regulatory change, but the industry faces a number of critical regulatory issues in 2012.
The Return of Insurity: Analysts ReactNovember 10, 2011The acquisition of LexisNexis' insurance software business by Genstar Capital will benefit insurance carrier customers while clarifying LexisNexis' insurance-related business and delivering a cautionary message to companies ambitious to enter the insurance
Vertafore to be Acquired by TPG CapitalJune 14, 2010Pending regulatory approval, TPG will purchase Vertafore from Hellman & Friedman and its co-investor JMI Equity for $1.4 billion by the third quarter of 2010.
The Hartford Prices Share OfferingsMarch 18, 2010The Hartford plans to use the net proceeds of the offerings, together with proceeds from a planned debt offering and available funds to repurchase in full the $3.4 billion of The Hartford's preferred shares issued to the U.S. Treasury Department under Trea
RMS Debuts Earthquake Risk Parametric Industry Loss IndexJanuary 21, 2010Paradex U.S. Earthquake combines ground shaking data from U.S. Geological Survey (USGS) ShakeMaps with industry exposure data to calculate insured loss estimates.
Crandall Takes on MassMutual CEO RoleJanuary 04, 2010Crandall, who joined MassMutual in 1988, succeeds Stuart H. Reese, who will serve as non-executive chairman of the board of directors.
Mark Berthiaume Addresses the Big Picture at ChubbOctober 12, 2009The enterprise IT governance and strategy initiatives driven by Mark Berthiaume, CIO of Chubb's Specialty and Commercial divisions, are highlights of a career transcending the limits of business lines and of IT itself.
