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."
-
Dave North, executive chairman of Sedgwick, will retire on June 30th, but will continue to serve on the company's board of directors.
6h ago -
SDK integration can simplify and revolutionize digital offerings for health insurers.
April 25Spectrum.Life -
The insurtech discusses its multi-line solutions and ethics of AI.
April 25 -
Allstate Corp. will end its years-long pause on underwriting in California as soon as the state regulator adopts proposed regulatory changes to make it easier for insurers to raise rates, according to a company spokesperson.
April 25 -
The Net Zero Insurance Alliance will instead be replaced by the Forum for Insurance Transition to Net Zero (FIT), convened and led by the United Nations Environment Programme, according to a statement on Thursday.
April 25 -
The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
April 24