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.
Trends to Watch at ACORD LOMA 2013May 03, 2013Insurance & Technology reached out to attendees of the upcoming 2013 ACORD LOMA Insurance Systems Forum, the first of this spring's trade shows, to find out what they will be on the lookout for in Las Vegas.
How Big Data Opens Up More Product Options to InsurersMarch 27, 2013In a world where some consumers are as curious about their own data as insurers are, carriers can use their analytical experience to tailor products to that need.
Mobile: The Road Ahead for InsurersFebruary 26, 2013The insurance industry has begun to provide relevant mobile capabilities to customers and distributors, but carriers must develop strategies of engagement beyond mobile that embrace the data processing implications of 'the Internet of things.'
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.
China PICC in Talks With AIG as Buyer for $4b Hong Kong IPONovember 15, 2012China's PICC Group is in talks
with American International Group Inc and others to
become cornerstone investors for its planned listing worth up to
$4 billion, in what will be Hong Kong's biggest IPO in two
years.
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.
Favorable Pricing, Weather Send Travelers to Record ProfitOctober 18, 2012Travelers posted a record
quarterly operating profit as prices rose and losses from
natural disasters fell sharply, the property insurance company
said on Thursday.
Elite 8 2012: Sal Abano Leads Tower IT Team To GrowthOctober 18, 2012CIO Sal Abano has drawn on a 26-year military career, including his experience as the U.S. Army's regional CTO in Iraq, in applying a team leadership approach in IT to support Tower Group Companies' growth. By Anthony O'Donnell
Travelers: Pricing Power Strengthens in Third QuarterSeptember 11, 2012Insurance rates continued to rise in the
third quarter for both businesses and individual customers,
extending the pricing power that developed late last year,
insurer Travelers Cos Inc said on Tuesday.