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By Kimberly Harris-Ferrante |
May 17, 2012
Shifting and emerging market conditions are making it more difficult for P&C and life insurers to continue to operate with traditional business models. Growing competition, shifting consumer expectations, heightened regulatory requirements, and unstable economic conditions make it imperative that insurers evolve their existing business models and embrace new technologies for...
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By Michael P. Voelker |
May 17, 2012
When it comes to insurers’ attitudes toward underwriting automation, it shouldn’t be a matter of “if and when” but rather “what and how,” says Deb Smallwood.
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By Brian Beggs |
May 16, 2012
Although most sureties have automated at least part of the bond process, there’s still a big disparity in functionality and quality.
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By Srini Venkatasanthanam |
April 19, 2012
Property & casualty insurance carriers depend on agile and modern IT systems to respond to fast-changing regulations, competitive threats, new opportunities and customer demands. Policy administration is at the heart of these operations, but logistical challenges and costly risks associated with replacing or consolidating these core systems have prevented...
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By Robert Regis Hyle, PropertyCasualty360.com |
April 9, 2012
Automation implies labor-saving steps, which is usually followed by layoffs. So it should come as no surprise that some underwritersdon’t look kindly on automated underwriting solutions since the perception that has arisen is that the role of the underwriter is shrinking.
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By Deb Smallwood |
January 5, 2012
It’s that time of year for reports on IT investments in the insurance industry. As would be expected, core systems, portals, and business intelligence again rank as the top three spending initiatives.
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By Jamie Hutton |
November 28, 2011
Today's consumers are focused on value for money. P&C insurers, in turn, are perpetually striving to reduce the cost of handling claims. Here are 10 helpful suggestions to reduce costs.
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By Jim Kinzie, Kevin M. Bingham, Kim Small |
October 26, 2011
Most P&C insurers across the country are at various stages of upgrading their core claims management systems. A fortunate few have already completed the journey of an information technology (IT) transformation.
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By Robert Regis Hyle, PropertyCasualty360.com |
October 7, 2011
Insurers don’t want to be like the guy on the beach who wakes up to find himself buried under a ton of sand. Developing a data strategy—and strong leadership—will keep the sources of information flowing.
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By Jeffrey Glazer |
September 7, 2011
When we look at the advances and consider technology’s momentum, it’s easy to get excited about what we’ll experience in the next 30 years. No doubt new opportunities await, but in order for insurers to be in the best position to take advantage, they must understand the whole story, and...
