A majority of recently polled property & casualty carriers do not have a guiding Internet strategy when developing their Web sites, a new report concludes. Competitive pressures are resulting in a series of strategic "disconnects" that have impaired-and will likely continue to impair-insurers' Internet efforts, according to a Conning & Co. study titled, "The Internet and Property-Casualty Insurance: Lost in Cyberspace." The study by the Hartford, Conn.-based research and consulting firm, based on an assessment of 44 large P&C carriers' Web sites and several aggregator sites, notes that efforts to provide online claims submission for personal lines polices are, for the most part, impractical. The Conning study reports that the true value of the Internet will not be derived from specific technical applications, but from a carrier's ability to "effectively integrate, via the Web, its marketing, operations and communications."
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Fortune and Great Place to Work analyzed 1.3 million survey responses, ranking the best companies in the U.S.
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"Lax regulation and monitoring of property insurers makes Florida mortgage markets far more exposed to climate risk than people might think," said Parinitha Sastry, an author of a working paper by researchers at Harvard University, Columbia University and the Federal Reserve.
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By collaborating, cybersecurity professionals and insurance providers can share insights, best practices, and trends in cyberthreats, creating a more secure environment for all.
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The insurtech development program, seeing frequent participation from Americas-based startups, dedicates latest cohort to regional entries.
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The top five insurance companies have an average P&C market share of 6.50% as of December 31, 2023.
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