Chris McMahon
Senior EditorChris McMahon was Senior Editor for Insurance Networking News.
Chris McMahon was Senior Editor for Insurance Networking News.
Top three priorities for insurers include improving security/privacy, system simplification and standardizing infrastructure technologies, according to a survey by Kable.
Ed Baird to retire after 25 years of service with the company; to be replaced with Charles Lowery, previously EVP and COO of Prudential's U.S.-based businesses.
At $40 billion, insured losses were well below the 10-year average of $60 billion.
The general manager of usage-based insurance says predictive models are the "secret sauce" that gives the company a competitive advantage in the space.
Thirteen percent of insurers say enterprisewide data management is a significant strength, and 19 percent are confident in their company's multi-asset risk tools, according to a report from State Street.
Oklahoma and Texas led in insured CAT loss payouts; overall, insured CAT losses declined compared to 2012.
The Bright Choices Exchange is designed to offer ancillary benefits and access to mid-sized and large employers nationwide.
A survey of financial services executives finds companies investing in technology, people and processes, yet readiness levels are low and stress levels are high.
Insurance CEOs are overwhelmingly optimistic about growth and hiring, but more than half are concerned about their ability to manage technological change and new market entrants, according to survey.
Accenture survey finds that $400 billion in insurance premiums could change hands within the industry over the next 12 months.
A slew of new products and data sources emphasize the speed with which the insurance industry is changing, which could threaten fast followers, according to Strategy Meets Action.
Book of complex property risks has grown, creating growth opportunities for team members, company says.
Predictive modeling is recognized as a transformative ability, but one that must be tempered by maturity, patience and understanding, says the insurers chief enterprise business analytics scientist.
Combined ratios fall; increased scrutiny, regulatory changes and political uncertainty rank among top concerns.
Fewer people are shopping for auto insurance, declining 4 percent in the 12 months ended June 2013, compared to all of 2012, according to TransUnions "Auto Insurance Shopping Index."
Network technology and application/database security top the list, according to a survey from Novarica.
Reforms, supported by Obama administration, would increase premiums.
Customer service rises in importance as a business driver and cost containment declines, according to Strategy Meets Action.
New business unit consolidates recently acquired Extend Health, Liazon and others to help employers deliver health benefits to employees, company says.
Upgrade Studio is designed to accelerate the planning and execution of large data migrations and offer customized metrics and reports, company says.