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.
In order to remain profitable, productive and competitive, insurers have seen the need to develop mobile capabilities to meet rapidly changing customer expectations.
As part of his effort to accommodate an IT organization under increasing demand, CIO Mark Clark envisions the creation of an innovation-friendly workspace to foster collaborative work.
Successful agents differentiate themselves by building social media best practices into their regular routine to prospect, connect, and grow their customer base — and reap the rewards of earned loyalty.
Would You Insure a Flying Car?May 14, 2013At a time when the auto insurance industry is evaluating the potential impact of autonomous vehicles, there are actually "flying cars" being produced.
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?
Insurers' 3 Most Promising Next-Gen Techs... And an Overrated OneMarch 01, 2013Insurance company technologists had different ideas on the emerging technology with the most potential in a panel discussion this week -- but reached a surprising consensus on which one might have the least.
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.
11 Answers to 2012's Burning QuestionsDecember 14, 2012Last year we identified 11 questions we expected to be answered by the insurance technology industry in 2012. How much clarity did we get?
A 12 Point Checklist for Automated UnderwritingOctober 25, 2012Automated underwriting systems offer the promise of better information and greater efficiency But insurers considering such systems should prepare a checklist to make sure that the systems address the underwriters’ concerns.
Technology Indistinguishable from Business for InsurersOctober 19, 2012Insurance & Technology's 2012 Elite 8 honorees have been at the forefront of insurance IT's transformation into a critical driver of smart innovation.
Insurers Hit the Underwriting Mark With Big DataOctober 11, 2012While insurers are still in the early stages of adopting big data for underwriting, those that can hit the target now are likely to outpace their competitors -- if they can get the insight into the hands of decision makers.
XL Adopts SAS Visual Analytics to Get a Jump on Big Data's PotentialSeptember 17, 2012The SAS tool will foster a partnership of exploration between XL's analytics team and underwriters to leverage data for "enormous" competitive advantage and shareholder value, says XL SVP.
Andrew Made the Insurance Industry Stronger: Marsh's PieroniAugust 24, 2012The scope, destruction and costs of Hurricane Andrew in 1992 forced the insurance industry to revamp everything from risk forecasting to claims management. Marsh's Chief Operating Officer William Pieroni says technology has been key to helping insurers up
