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.
Q&A: How Genworth's Technology Strategy Supports IUL Product LaunchJune 01, 2013The carrier has added the ePolicy Delivery process to its Quick Request short-form tickets for new applications to create what Senior VP Chris Olson calls a front-to-back electronic offering that is hard to beat, from a producer's perspective.
Genworth Life Reduces Policy Cycle Times Nearly 70%April 19, 2013Genworth U.S. Life Companies reduces new policy cycle times from about 25 days to an average of eight by adopting Aplifi's multi-carrier electronic settlement platform.
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.
New Genworth Divisional CTO to Drive Customer Experience InnovationJanuary 11, 2013Former Bank of the West EVP and CTO James Hanna will support Genworth Financial Wealth Management's continuing efforts to deliver innovative solutions and functionality for advisors and their clients.
Insurance Industry Thought Leaders Speculate on Innovation through 2020May 13, 2011What innovations will transform the insurance industry over the next 10 years? According to industry experts, technologies that debuted in the 2000s will mature during the next decade, driving ubiquitous computing, increasing use of analytics and new lev
Genworth Taps iPipeline iGO e-App for Drop TicketFebruary 16, 2010Genworth will deploy the short form of iGO e-App for Drop Ticket for its Colony Term UL products in all states, seeking to ease distributor access to the underserved "Main Street" market.
Genworth Financial's European Operations Complete Migration to Single IT PlatformNovember 24, 2009The pan-European consolidation initiative involved migrating 15 million client policies, billing and claims data amounting to 2 billion rows or three terabytes of data from five separate systems to a single TIA Technology policy administration system.
Cultivating the Workforce of the FutureApril 30, 2009Genworth Financial is taking steps to ensure that the IT talent inherent in the younger generations is a part of the company's future.
Insurers Taking More Unified Approach to ComplianceMay 28, 2008Establishing a unified, enterprisewide approach to compliance not only can help insurers identify the right compliance technologies, it also can help proactively address regulatory requirements before they become a greater burden.
Executive Summit 2007 Participants Grapple with Business and IT Implications of Web 2.0December 10, 2007At Insurance & Technology's Executive Summit 2007, insurance technology executives learned about the challenges of serving the younger Millennial customers and workers; the changing nature of globalization; speed to market; and the potential of Web 2.0
Insurance Outsourcing Reaches New Levels of MaturityDecember 06, 2007While many insurers are still struggling with the management of offshore resources, industry leaders are crafting long-term global sourcing strategies for strategic competitive advantage.
Financial Services Firms Increasing Spending, But Priorities Differ November 19, 2007Spending is increasing among financial services firms across the insurance, banking and securities/capital markets sectors. But priorities differ, according to a joint survey conducted by Insurance & Technology and its sibling publications, Bank System
ACORD LOMA INSURANCE SYSTEMS FORUM BRIEFSMay 24, 2006ACORD presented insurance industry carriers, vendors and individuals with awards recognizing leadership and achievement at the ACORD LOMA Insurance Systems Forum in Las Vegas this week.
Changing the Game Through Technology LeadershipMay 03, 2006Michael D. Fraizer, CEO, Genworth Financial, one of Insurance & Technology's Tech-Savvy CEOs of 2005, shares his thoughts on the centrality of technology and the disciplines of innovation in shaping the insurance enterprise of the future.
