In order to remain profitable, productive and competitive, insurers have seen the need to develop mobile capabilities to meet rapidly changing customer expectations.
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.
The new release will provide enhanced performance capabilities, owing to new efficiencies designed into EXAMPLE Platform 4.1's core infrastructure, according to the vendor.
Moving away from a more regional orientation, AXA’s IT services organization will provide worldwide network connectivity and management of IT assets, hardware and software, change control and incident management.
Mobile capabilities for policyholders are table stakes. But serious questions remain about the security of the most popular consumer smartphone platforms. I&T checked in with the executives who live and breathe data security to find out how they balance cutting-edge mobile service offerings with security.
Both vendors and insurers need to do a better job of innovating in order to provide the best experience to their agents, says Agencyport CEO Steve Hauck.
The SAS tool will foster a partnership of exploration between XL's analytics team and underwriters to leverage data for "enormous" competitive advantage and shareholder value, says XL SVP.
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.
Weather Forecasts Aren't Doing Models Any FavorsFebruary 07, 2013The absurd forecasts for a nor'easter tomorrow don't exactly engender confidence in technology's ability to give us actionable insight.
3 Ways Insurers Can Win with Predictive AnalyticsJanuary 31, 2013Implementation of predictive modeling is on a slow but steady climb in insurance. Here's some tips for getting the most out of your initiatives.
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.
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.
Sandy’s Lessons Emerging for P&C IndustryNovember 01, 2012Property/casualty insurers may find themselves reconsidering their business continuity plans and reevaluating catastrophe models and claims response strategies, say industry analysts.
Hurricane Sandy Insured Losses Widely Outstrip IreneOctober 30, 2012Hurricane Sandy appears to have easily
caused more losses than last year's Hurricane Irene, but final
totals will be hard to come by for some time because of the
scale of the disaster, catastrophe forecasting companies said on
Tuesday.
Is Climate Change Altering Insurers' Hurricane Risk?October 26, 2012Hurricanes Irene and Sandy -- not to mention the "Frankenstorm" into which Sandy might develop -- are clear indicators that it's not just Florida at risk for major hurricane damage anymore.
