Top 9 Soundbites from the SMA Summit
Boston-based analyst firm Strategy Meets Action held its first summit this past Monday in its home city. Innovation was the watchword, with sessions focusing on how insurers can leverage five key next-generation technologies to advance the business: mobile, social media, cloud, big data/analytics, and social media. Here are some soundbites that show what's on insurers' minds when it comes to innovation.
Top 10 Criticisms of Insurance Companies
Wolters Kluwer Financial Services studied market conduct exams in both P&C and life to find out what pain points are most common in dealings with insurance carriers.
Prudential Near Deal to Buy Hartford Life Unit: WSJ
Prudential Financial Inc is
close to a deal to acquire the individual life insurance
business of Hartford Financial Services Group Inc, and a
deal could be struck as soon as Thursday, the Wall Street
Phoenix Drives Rapid Annuities Growth with Unique Technology Platform
Phoenix's new eApp combines with its earlier REALIZE system to provide a unique distribution platform in support of a product diversification strategy that has already taken the company from zero to $1.5 billion in fixed indexed annuity funds under management in only two years.
SMA's 5 "V"s of Big Data
SMA's Mark Breading says there are two more "V" words than commonly used to consider when thinking about big data.
4Sight BI Version 3 Includes P&C Mobile Analytics Capabilities
The vendor's "affordable" solution, containing dashboards and over 70 configured reports, enables users in multiple areas of a property/casualty carrier to uncover meaningful patterns and correlations that may otherwise be hidden with standard analysis and reporting.
8 Ways Insurance CIOs Can Maximize Success — Novarica
The rapid evolution of insurance technology over the last 5 to 7 years has yielded lessons on how insurance CIOs can maximize their success, secure the confidence of senior leadership and maintain a seat at the strategic table.
What's The Big Deal About Big Data?
With the continuing growth in the volume of data and the variances in the types of information collected, there are many challenges and costs for IT departments when it comes to ensuring the accuracy, security and storage of that information.
Insurers Face Tougher Times as Somali Piracy Drops
A dramatic fall in pirate
attacks off the Somali coast is forcing down the cost of piracy
insurance for commercial ships, taking the shine off a
fast-growing and lucrative market for London-based insurers.
Former Minn. Gov. Pawlenty to Head U.S. Financial Lobbying Group
presidential hopeful Tim Pawlenty will become the head of the
Financial Services Roundtable, a U.S. bank lobbying group that
represents Allstate, JP Morgan Chase and Wells Fargo, among other financial companies, the group said on Thursday.
Insurers Deserve More Credit for Innovation
It's a familiar refrain that insurance companies lag behind other industries when it comes to embracing new technologies. Here's why that's an inaccurate, outdated concept.
4 iPhone 5/iOS 6 Features Insurers Should Watch
The latest editions of Apple's iPhone and its operating system, announced yesterday, may not seem like much of an upgrade at first glance. But the updated offerings should push insurers in new directions when it comes to mobile development.