Swiss Re says its fourth-quarter net income dropped 19 percent due in part to $900 million in Superstorm Sandy losses, but the company managed to more than double income for the full year.

Theres no doubt about it: Cloudin conjunction with mobility and advanced analyticsis transforming the value proposition that P&C insurance companies offer their customers. Insurers facing competitive pressures from traditional and non-traditional rivals are adapting such technologies quickly to deal with a new and more demanding environment.

PC360 readers appear to like the idea of automatically adding federal flood insurance, with an opt-out provision, to standard homeowner- and commercial property policies, but cited potential pitfalls.