Corporate governance

Carriers are going digital to cut operating costs and break into the younger consumer market, according to a new report from Celent.

Incumbents benefit from high barriers to entry, but are themselves less efficient and innovative, Accenture claims.

New technology organization structure aims to improve customer experience, CIO says.

Staffing firm TEKsystems finds that new digital initiatives don’t fall within IT’s purview.

The German insurer is reportedly looking at XL as a potential target to grow its casualty coverage business in the U.S.

Without a clearly articulated set of business value metrics for IT, it can be a challenge for leaders to create compelling business cases for new investment opportunities.

About a quarter of insurance executives said they are allocating budget to 'aggressive' projects, according to Celent research.

Industry partnerships lower the cost of going digital for incumbents, while also providing an extra revenue source for startups.

A majority of business and technology professionals think their leaders understand cutting-edge technology, but they still aren't ready to embrace it.

Rather than facing a simpler tech environment where the investment choices are obvious, it appears the insurance industry is at a point of inflection where the old established world may have to give way to the new.

Most existing insurers will not survive in their current form, say 44% of respondents to a PwC survey.

American Family Insurance built a team from diverse backgrounds to develop digital initiatives.

The majority of the funding is designated for Texas and Florida, with most of the commonwealth's needs to be addressed at a later date.

Some 82 percent of companies have experienced at least one unplanned systems outage over the past three years, which lasted an average of four hours.

Spending on core systems and digital innovation is high, but CIOs are spending a lot of time meeting data security needs, says Novarica.

Companies with good remote work procedures can easily switch from in-office setups to work from home or work from alternate location needs.

Other claims data also can show individuals on electricity-dependent equipment, says Karen DeSalvo, MD.

Agine development can help carriers realize their digital goals faster than traditional methods.

The island is mostly insured by local firms, though it has been seeking more international interest.

Security First, Florida’s second-largest home insurer, has seen about 15% of claims in the storms aftermath filed through its app.