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 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.
Exigen Services, Baseline Telematics PartnerJune 03, 2013The goal is for Exigen to help Baseline ease into new markets and gain new clients for its turnkey telematics-powered usage-based insurance program.
Insurer Group: Sharing Telematics Data Must Be Opt-InMay 03, 2013The Association of British Insurers tells its members that getting "explicit consent" from policyholders is a best practice when sharing telematics data outside core insurance practices.
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.
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.
Big Data Not Yet A Best Practice In InsuranceMarch 20, 2013Big data is a hot topic across the insurance industry, but many carriers are stymied by the challenges of making a business case for the types of systems and infrastructure investments required to support a big data strategy, says Martina Conlon, a princi
The New Business Process: 4 Tech EnablersMarch 01, 2013Writing new business accurately and efficiently is critical to an insurer’s ability to grow and gain market share. How can tech enable carriers in a world of increased expectations?
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.'
What Start-Up MetroMile Teaches About the Future of InsuranceFebruary 20, 2013The non-traditional competitor's use of telematics, data visualization and customer engagement pioneers the virtues of the insurance digital enterprise in a creative, technology-driven business model.
What Defines a 'Mobile' Insurance Capability?February 13, 2013For insurers, the number of initiatives that fall under the "mobile" umbrella is increasing, thanks to the "internet of things."
