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.
10 Pillars Of An Effective Insurance ERM FrameworkDecember 18, 2012Insurers must evaluate risk with greater accuracy, granularity and timeliness. Ernst & Young's Bill Spinard provides a framework for the proper concepts, procedures and technology to achieve genuine enterprise risk management.
How Insurers Are Modernizing the Actuarial EnvironmentApril 12, 2012Market fluctuations, changes in consumer expectations and product designs, and new risk modeling techniques are increasing the pressure on carriers to modernize their approach to the actuarial sciences. What are the requirements of a modern actuarial envi
Clearing Compliance Reporting HurdlesMay 12, 2011Planning for increasingly complex state reporting requirements is a burden, and setting up a system to respond to requirements is difficult, time-consuming, and costly. insurers need a reliable reporting, tracking, and error-correction system.
Pacific Life Enhances Workflow Systems To Support New StructureJanuary 20, 2011Dawn Trautman, SVP of IT and strategic planning for the carrier, explains some of the technology improvements her team undertook to support new divisional sales organizations.
FARA Releases Web-Based Medicare Section 111 Compliance SolutionJanuary 14, 2010FARA describes its online MRCE product as a low-cost, reliable means of transmitting Non-Group health plan data to Medicare to comply with MMSEA Section 111 laws regarding Medicare Mandatory Insurer Reporting.
Adoption of IFRS Provides Benefits to InsurersSeptember 16, 2009The International Financial Reporting Standards offer insurers the potential to simplify financial reporting and reduce accounting complexity.
IFRS May Not Be the Most Immediate Accounting ChangeSeptember 16, 2009While the International Financial Reporting Standards for insurers still are being worked out, other accounting standards changes could have a more immediate impact on the industry.
Compliance With New IFRS Rules Will Hog IT ResourcesSeptember 16, 2009Though implementing International Financial Reporting Standards may help level the global insurance playing field, it also will limit the ability of the IT department to react to other business needs.
IFRS Standards for Insurance Still Under DevelopmentSeptember 16, 2009While the new International Financial Reporting Standards will impact insurers' IT systems, the IASB is still developing specific accounting standards for the insurance industry.
Improving Compliance Through AutomationJune 12, 2009Shrewd leveraging of automation enables insurers to streamline and navigate the web of regulatory complexities and disparities while cutting costs and improving communication.
Virtual Roundtable: Regulatory ComplianceJune 12, 2009What are the key technologies to meeting the types of transparency and reporting requirements that are likely to be necessary in the emerging regulatory environment?
ACP Interactive Introduces Claims Reporting App for BlackBerryJune 03, 2009InsPost Auto Claims Reporting App is available to insurance carriers as a privately labeled service that enables policy holders to document and submit auto accident claims in minutes, according to the vendor.
