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.
4 Key Issues from the Long-Delayed FIO ReportJune 12, 2013The Federal Insurance Office's first annual report on the U.S. insurance industry, mandated by the Dodd-Frank law, came out -- more than a year late -- today. Here's a quick, early look at what the body is following.
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.
Moore Tornado May Spur CAT Reserving Regulatory ReformMay 24, 2013If insurers were permitted to put aside funds with favorable tax treatment, it would not take long to build up significant reserves that would be available in the event of a catastrophe, notes Howard Mills, chief advisor with Deloitte LLP's insurance industry group.
Selective Announces Executive Promotions in Claims and ITMay 13, 2013Among a roster of recent appointments and promotions announced by Selective Insurance were George Neale as SVP, Chief Claims Officer, and John Bresney as SVP, Application Delivery Services.
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.
Who's On The Hook for Boston Claims?April 25, 2013Policyholders in the blast zone may not have an easy time recouping their losses via insurance, according to the Wall Street Journal.
What 4 Model Insurers Say About Industry TrendsMarch 08, 2013Celent recognized 18 insurers with Model Insurer awards last week for their innovative use of technology. These four are early adopters of capabilities that we predict will become table stakes across insurance.
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.
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.
Joplin Losses Still Not Settled 18 Months LaterJanuary 11, 2013With insurance companies still tabulating losses from the May 2011 Joplin, Mo., tornado, it's folly to expect any clarity on the full scope of even larger events like Hurricane Sandy for years.
11 Answers to 2012's Burning QuestionsDecember 14, 2012Last year we identified 11 questions we expected to be answered by the insurance technology industry in 2012. How much clarity did we get?
How Insurers Can Prevent Post-Catastrophe BlowbackDecember 14, 2012The insurance industry's reputation is taking a post-Sandy hit as vocal policyholders express their opinions that their claims are undervalued. It's easy to prevent this.
Sandy's Lesson: There's No Substitute for Real DataNovember 02, 2012All insurers -- not just P&C -- should learn from Hurricane Sandy that you can always better understand the risks to which you are exposed.
