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.
Tapping the Benefits of Text Mining for FraudFebruary 21, 2013Text analytics can bridge the gap between structured and unstructured data, opening up the benefits of text mining for fraud detection.
Mercury Insurance Torches Car to Illustrate and Study FraudDecember 07, 2012From personal experience, I've long known that insurance fraud was what might be called a "burning issue" for insurers and society at large, so it is perhaps appropriate that Mercury Insurance should torch a car — and send us a pretty awesome image &
Cost Shifting: A Fresh Look at Soft FraudNovember 25, 2012While safety has increased and frequency of injury has decreased, severity of injuries has increased, suggesting that medical providers are shifting costs from government and private health payers to casualty insurers.
Operationalizing a Fraud Detection Solution: Buy or Build?August 20, 2012Homegrown solutions allow total control over development, but insurers often discover that the total cost of ownership for a fraud detection solution is lower with a vended solution.
Facebook Users Expose Too Much to Insurers: Consumer ReportsMay 04, 2012The organization says that insurers could "use against" policyholders the fact that they "like" a page about "health conditions or treatments." But is that all insurers get out of social?
Fighting Fraud: Predictive Analytics & Business Rules Make a Powerful CombinationMarch 19, 2012Technology designed to manage insurance claims fraud, waste and abuse (FWA) has evolved a great deal in recent years, but there is much room for improvement. Incorporating automated business rules into a fraud management program that anticipates certain ty
Companion P&C Selects GlobalOptions as SIUJanuary 30, 2012The commercial carrier will be provided with regulatory compliance, as well as fraud training, reporting, and investigation services.
Concerns Persist on Insurance Company Social Media "Spying"November 17, 2011Some people out there understand insurers' actions, but carriers need to do a better job of communicating the impact of fraud to the general public and honest policyholders in particular.
