Market Insights

From science fiction to the living room, technology fuels the insurance industry.

There is no shortage of SaaS-based solutions for policy administration in the market, but is now the time for insurers to move this core system outside their own data center?

When a contentious relationship exists between business and IT, the latter constituency often gets the blame. Yet to be completely fair, the cause of misalignment falls as much on business as it does on IT.

The rock band The Who is known for asking the musical question: "Who Are You?" But it is the insurance industry (and fans of the TV show CSI) that often echoes lead singer Roger Daltrey's next line, "I really want to know."

Combine a generous amount of alcohol with exotic entertainment, shake it up and what do you get--at least as far as the insurance industry is concerned? The answer is the unique risks served up at bars, nightclubs and some restaurants across the country.

An American Bar Assn. study of legal malpractice found that claims against lawyers surged 36 percent between 2004 and 2007 when compared with the prior 3-year period.