Fortunately for the insurance world, executives are hungry for this information and are convinced that getting a 360 degree view of their customer—both agents and policyholders—is worthwhile. They actively take this information and turn it into strategies for attracting new business, rejecting old business, and sorting through claims.

Thirteen states were added for residential licensing and eight were added for resident-licensing renewals for licensing applications with the National Insurance Producer Registry, the group says in its annual report.

Insurance companies that adopt enterprise risk management solutions for their economic capital modeling can see a payoff through reduced capital requirements after obtaining a favorable rating from Standard & Poor’s, a report says.

A restructuring of MetLife’s SIU proves beneficial to both fraud prevention and the company overall. Learn how to apply these best practices to optimize your operations.