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BUSINESS ANALYTICS FOR MID-SIZED INSURERS

Five years ago, as he took over the role of CEO, Paul Hopkins threw out a challenge to Chief Strategy Officer Mark Smith and his fellow executives at Farmers Insurance: Find a repeatable, structured approach that will enable the insurance carrier to quickly research and develop ideas, and turn them into products that will drive growth through 2010 and beyond.

Insurance Networking News would like to congratulate the following select number of nominees, whose innovation deserves special recognition. Watch for their stories in upcoming issues of Insurance Networking News and online at www.insurancenetworking.com.

Social networking can have more uses than just marketing, and many areas of the organization can benefit.

Caught between the seemingly contradictory need to cut costs and innovate, CIOs are betting on technologies such as analytics and virtualization.

Social network analysis can help insurers understand networks often connected to criminal behavior.

The hallmark of innovation is about more than technology. It's about business strategy and long-term corporate goals.

The landscape is changing, and experts warn CIOs to prepare for headaches.

COMPREHENSIVE PRODUCER MANAGEMENT SYSTEM

There is no shortage of opinion on the value - or lack thereof - of legacy systems. One thing on which all P&C insurers can agree: legacy systems need to step up to the unique requirements of a growing industry.

INN is proud to present the 2009 INNovator Awards, recognizing key advances in the use of technology and practices in the insurance industry.

With market conditions restricting budgets, carriers contemplate everything from configurability to cloud computing.

Fitch affirms State Farm and Principal Financial Group, while A.M. Best downgrades Kinsgway Financial.

While Web apps are a critical part of many insurers’ business strategies, there needs to be better, more systematic approaches to addressing potential performance issues.

Bills to extend premium subsidies still stuck in committee

Insurers would be wise to keep tabs on addressable television advertising, which uses financial and cable company data to generate targeted TV commercials.

The Trianz-Vee alliance will offer BPO services primarily in financial accounting and transaction processing to customers worldwide.

Swiss Re says the calm hurricane season for 2009 contributes to the $26-billion decline from 2008.

Internet-related crime is a fact of life, but can we afford to simply write it off and forget about it?

Good news: Individual whole life insurance surged 12% in Q3 2009. Bad news: Total individual life insurance sales fell 11%.