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.
3 Technologies Changing P&C Insurance DistributionJune 10, 2013The P&C industry is incredibly competitive, with companies big and small fighting for market share. Here are some of the technologies they're using to help differentiate their sales processes.
Where Do Insurers Find Innovative Ideas?May 08, 2013Insurer ACORD LOMA attendees agree on the best place to find dynamic, innovative ideas within the insurance organization.
Could Brokers Encourage Telematics Adoption?March 26, 2013Basil Enan, CEO of online independent agency CoverHound, expressed interest in being the point person for telematics devices.
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.'
Beyond Price: Reaching, Engaging and Retaining Insurance CustomersFebruary 14, 2013Even in auto insurance, the impact of price-driven insurance buyers can be overestimated, according to a McKinsey survey. Ovum emphasizes the important of knowing the customer and crafting a satisfactory experience.
Insurers Deserve More Credit for InnovationSeptember 14, 2012It's a familiar refrain that insurance companies lag behind other industries when it comes to embracing new technologies. Here's why that's an inaccurate, outdated concept.
Usage-Based Insurance: 5 Reasons This Is the YearJune 13, 2012Telematics-powered, usage-based auto insurance has been slow to get off the ground. But industry observers insist it finally is poised for a meteoric rise.
Fact or Fiction? 4 Mobile Development Myths BustedJune 06, 2012Five years after the introduction of the iPhone, mobile definitely is here to stay. What have insurance technologists discovered as their mobile development strategies have evolved to deliver superior speed to market, functionality, customer experience an
What Makes a Great iPad App for Insurance Agents?June 04, 2012Best practices for creating a great policyholder experience on Apple's iPad are well established throughout the insurance industry. Now insurance organizations are discovering how to create the best applications for their agents and distributors.
Prepare for Deep Auto Insurance Premium Drop Scenario, Celent Report AdvisesMay 08, 2012The combined impact of four technologies has the potential to drastically reduce the amount of auto premium, and thus overall premium, in the U.S. P&C insurance industry over the next decade, according to author Donald Light.
8 Priorities for More Effective Mobile SecurityMay 04, 2012Smartphone shipments are expected to reach 1.7 billion in 2017, forecasts telecommunications analyst Ovum – more evidence that the growth of the mobile channel presents tremendous opportunities for insurance companies in areas as diverse as distribut
