Analytics

After more than 100 hours of interviews with insurance execs, SMA unearthed 10 common initiatives regarding market recovery and future changes.

Actuaries say insurers need to develop additional analysis techniques in face of scoring bans.

The companies will combine use of technologies to help insurers eradicate premium leakage, which they estimate to be around $3 billion per year.

AIR TruExposure data solutions is available in live consulting or software format, which can be used with AIR’s Classic/2release.

The health insurer reveals an additional 521,761 members are at risk following the theft of 57 hard drives last year.

Recent security breaches have focused attention on Indian outsourcers at a time when they can least afford it.

Addition of business intelligence systems to Cover-All’s growing portfolio positions the company to deliver additional technology offerings to existing insurance customers of both companies.

In its first report profiling IT service vendors for the insurance industry, Boston-based insurance consultancy Celent concludes that the most successful partnerships insurers have with IT service vendors those that are not just about replacing staff or lowering costs. Though a cost-minded insurer may find significantly lower expense from a good relationship with an IT service vendor, many find these engagements save costs in one area while requiring unexpected expenditures in others. The best partnerships, Celent says, are those that are long-term, strategic engagements in which a vendor is leveraged to bring in new expertise, add both technology and domain knowledge to the business, and is relied on as a true partner.

Messaging and e-mail are the best starting points for insurers, experts say.

WebSearch, a component of DocuLex’s Archive Studio imaging software, now offers keyword search to help users determine market trends and make decisions.