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Since last year, new skills and new thinking are more urgent than ever, even as budgets and technology needs remain static.

Insurance AO Activity Doubles

In 2012, the overall market declined however, as did contract values and duration, according to an Everest Group report.

Insured losses declined to about $31 billion, the Munich-based company said today. That compares with $65 billion reported for 2012.

‘Front Office Suite’ to help underwriting, service and agent teams to submit, evaluate, quote and close business.

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.

Is your organization prepared to deliver a modern customer experience?

Global insurers have failed to take action and embrace the digital world, but survey results show that, from a budgeting level, the commitment is lacking.

Insurers, including Nationwide, CNA and MetLife, are leveraging a growing number of data sources and applying high-performance analytics to help detect patterns of fraud as early as possible.

While document management systems continue to house the industry's essential business information, many large insurers are trying to leverage the data contained in a host of new media types to help boost the business.

Collaborative and social technologies are radically changing not only interactions with consumers, but the ways in which internal processes can be conducted as well.

"Uncertainty" sums up the regulatory environment for insurers in all lines in 2014.

As insurers undertake technology transformations, more are finding the competition for IT talent to be fierce.

By the year 2015, the global annual rate of data creation will double to a projected 5.6 zettabytes.

Analytics top the analysts and editors' lists for the top trends for 2014, but essentially can be found in all of the initiatives across the organization.

In the last year, insurers, from Geico to Patriot National, have moved more to the cloud.

Lori Evangel, formerly of Aflac, will serve as executive VP and chief risk officer.

Based on 2012 financials, A.M. Best lists the largest global insurers by earned premium and total assets.

The increase for 2014 is expected to be driven in part by a rise in data analytics investments, according to the research firm

The industry is moving into new territory filled with consumer preferences, the latest and greatest mainstream technology and fresh and innovative human mind-power.