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.
4 Key Benefits of SaaS Automated Systems for Life InsurersMay 23, 2013The 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.
2013 a Pivotal Year for Insurance CIOs: GartnerJanuary 29, 2013Insurance CIOs must begin to address legacy issues and skill deficits in order to be able to meet the service, operational efficiency and profitability demands of the next decade.
Elite 8 2012: Graeme Boddy Accelerates IT Development To Stay AheadOctober 15, 2012For Builders Mutual CIO Graeme Boddy, the recession offered an opportunity to build infrastructure for a new kind of insurance agent and customer. Today, the company is reaping the rewards.
Insurers See Clouds on the HorizonJuly 23, 2012Cloud computing, SaaS and hosted solutions are expanding insurers’ outsourcing options and promise to help companies be more agile, competitive and cost-effective.
Insurers Must Rethink Vendor Relationships in the CloudFebruary 21, 2012Cloud-based technology solutions are proving to be a valuable new resource for insurance IT organizations seeking to do more with less. But getting the most from the cloud requires carriers to rethink vendor relationships.
Accenture's Insurance Technology Trends for 2012, Part IDecember 08, 2011John Del Santo, managing director of Accenture's global insurance practice discusses four of eight technology trends for 2012: data as a platform, analytics for insight and efficiency, cloud computing for adding value, and service-centric rather than serve
Will You Spend Too Much on Your Transformation Initiative?October 17, 2011While insurers are typically prudent about solution selection, they often short-cut the contract phase for solutions whose pricing can be "all over the map." Spend consultant Jeff Muscaralla of NPI offers the three "Rs" of transformation cost control.
What Has Changed in Insurance in 10 Years?September 09, 2011The financial services industry survived, and has even thrived, in the 10 years after the 9/11 terrorist attacks. Technology played a key role in the industry’s recovery, as well as helping drive changes that came out of the insurance industry’
Profiting By Addressing the IT Needs of the Small Carrier MarketJune 07, 2011IDP InsuraSphere Agent portal enables small- to mid-size P&C Insurers to offer real-time quoting; Echo Ridge Partners' offers small carriers iCatalyst modular P&C policy administration solution.
Zurich Inks Contract with UnirisxMarch 25, 2011As Unirisx's first deal with a tier-one carrier, both Unrisx and the the SaaS delivery model gain credibility.
4 Drivers Behind the Increasing Popularity of Alternative IT Delivery ModelsMarch 01, 2011Under pressure to deliver more with less in a strained economy, insurance CIOs are exploring policy administration solutions that run outside a company's technology infrastructure, including cloud-based offerings and hybrids.
