Chris McMahon
Senior EditorChris McMahon was Senior Editor for Insurance Networking News.
Chris McMahon was Senior Editor for Insurance Networking News.
Nearly all insurers also expect Congress will reauthorize the Terrorism Risk Insurance Act, according to I.I.I. survey, which revealed deeply divided economic outlooks.
Many will stop selling universal life with secondary guarantees and half expect to make major design and pricing changes; CFOs to make only moderate changes to staffing levels despite lack of in-house talent.
Through its acquisition of Nest, Google soon will have access to even more personal data, positioning it to potentially enter the homeowners insurance market.
In newly created position, Denise Garth will be responsible for launching the firms innovation practice.
Business interruption and natural catastrophes pose the biggest threats, according to the Allianz Risk Barometer; for the first time, cybercrime and reputational loss enter the top 10 risks in United States.
SNL Insurance will offer clients the option of adding the iPartners reporting solution to their current subscription at a preferred rate.
In a recovering economy and armed with strong capital positions, life insurers and annuity providers should take the opportunity to become more customer centric through technology innovation, industry experts say.
In a stabilizing economy and armed with strong capital positions, P&C insurers should increase their focus on establishing competitive advantage through innovation, according to Deloitte.
New organizational structure intended to strengthen client services, better align resources to that goal and drive growth.
Despite higher administrative costs and uncertainty associated with HIX rollouts, A.M. Best forecasts top-line growth of as much as 5 percent.
A challenging operating environment, higher consumer expectations and tougher competition are rousing insurance IT outsourcing, according to Everest research.
In 2012, the overall market declined however, as did contract values and duration, according to an Everest Group report.
With the acquisition, Insureon will exceed $100 million in total premium; deal between online provider of BOP insurance and national independent distributor expected to close in January.
Collaborative and social technologies are radically changing not only interactions with consumers, but the ways in which internal processes can be conducted as well.
By the year 2015, the global annual rate of data creation will double to a projected 5.6 zettabytes.
Based on 2012 financials, A.M. Best lists the largest global insurers by earned premium and total assets.
Fifteen minutes with Robert Macoviak, president of Oyer, Macoviak and Associates Insurance.
Homeowner property claims also are found to be increasing in frequency, value and suspicion.
Despite tornadoes in the United States, flooding and hail in Europe and Typhoon Haiyan, in terms of insured losses, Swiss Re finds it was a comparatively moderate year.
In the past 12 months, GEICO has booked $18.11 billion in direct premiums, surpassing Allstate as second largest private auto insurer, according to SNL Financial.