Analytics

For the time being, tech takes a back seat to cost minimization and operational efficiency, which are at the top of the operational agenda for many in financial services, according to the New York research firm.

Despite their bleeding-edge reputations, virtualization and cloud computing are already paying dividends to insurers.

There is an emerging demand for product lifecycle management applications, but to fully benefit, carriers need to focus on larger strategies.

Unrelenting pressure on expenses, improvements in networking and communication technology and an increased appreciation for flexible business models are driving insurers to outsource core processes.

Region’s first paperless system is designed to save small businesses and brokers significant time, and eliminate up to one million pieces of paper annually.

According to the SEC, the move to use XBRL to find and sort information makes it easier to compare financial results, and has the potential to increase the speed, accuracy and usability of financial disclosure while eventually reduce costs for investors.

A survey from Application Security Inc. finds that nearly 60% of organizations keep the majority of confidential data in databases, with 56% having had a data breach in the past year.

A recent story from DM Review highlights the myriad uses of predictive analytics for businesses, paying special attention to the needs of the insurance industry.

The vendor undertook the SAS 70 as a commitment to insurers and in-house corporate legal departments, which expect operational and data safeguards to extend beyond the confines of the data center.

How can an insurer keep up when it’s creating 989 new bureau-based administrative forms, yet retiring only 249 forms annually?