Mindtree Announces Acquisition of Discoverture

Mindtree Announces Acquisition of Discoverture

- Matthew Josefowicz

Deal underscores importance of deep domain knowledge, local presence and personal relationships to insurance CIOs.

Internet of Things Already Impacting Insurers

Internet of Things Already Impacting Insurers

- Mitch Wein

The “Internet of Things” (IoT) is already having an impact on the insurance industry, as more insurers launch pilot projects and experiment with embedded sensors and smart devices that go far beyond telematics.

Impact of wearable technology on the global life and health insurance industry.

Impact of wearable technology on the global life and health insurance industry.

- Novarica

Novarica provides insights about the impact of wearable technology on the global life and health insurance industry.

CES 2015: More insights for insurers

CES 2015: More insights for insurers

- Tom Benton

Innovative insurers should look to CES as an indicator not only of consumer trends, but of how technology can better engage customers, improve lifestyles and reduce risk for property.

Interpreting Nationwide Insurance’s Initial Pilot Deployment of Guidewire PolicyCenter

Interpreting Nationwide Insurance’s Initial Pilot Deployment of Guidewire PolicyCenter

- Matthew Josefowicz

Nationwide’s deployment of PolicyCenter for personal umbrella shows that a third-party software package policy administration solution can fit into the context of a Tier 1 carrier’s business model, but the insurer has a long journey ahead.

Top Tech Priorities for Reinsurers in 2015

Top Tech Priorities for Reinsurers in 2015

- Novarica

Investments in advanced analytics, workflow and financial modeling are necessary for reinsurers to overcome stressful market conditions and major losses, according to a new study from Novarica.

Using analytics among best ways to help reinsurers in challenging environment

Using analytics among best ways to help reinsurers in challenging environment

- Novarica

Advanced analytics for better decision-making and product development has been identified as a top business and technology trend for the reinsurance industry, notes a new report from research and advisory firm Novarica.

What CES S2015 says About Wearable Technology and Insurance

What CES S2015 says About Wearable Technology and Insurance

- Tom Benton

This year’s showcasing of wearables at CES was less about expanding the capabilities of the category as much either establishing companies in the category or making the technology invisible through tighter integration with clothing or the body.

2015 Insurer IT Budgets To See Slow but Steady Gains

2015 Insurer IT Budgets To See Slow but Steady Gains

- Novarica

The more things change, the more they remain the same. Despite the accelerating impact of technology across the economic landscape, most insurers are remaining true to form and planning only modest increases for their 2015 IT budgets.

IoT — The Internet of Transformation

IoT — The Internet of Transformation

- Mitch Wein

There are many technology trends that could impact the insurance business over the next few years, but the most potentially disruptive is the “Internet of Things.”

CIOs are the Rosetta Stone for Insurers

CIOs are the Rosetta Stone for Insurers

- Rob McIsaac

The relationship between CIOs and CEOs is critical for both success and longevity. Failing to cultivate these connections can lead to early and unexpected “made available to the industry” moments.

Coping With The Compliance Squeeze

Coping With The Compliance Squeeze

- Rob McIsaac

Facing myriad and ever-changing regulatory mandates — and, in many cases, increasingly aggressive enforcement of those mandates — it stands to reason that insurers might crave technology to help them achieve compliance with greater confidence and at lower cost.

A Multichannel World Raises The Stakes For Contact Centers

A Multichannel World Raises The Stakes For Contact Centers

- Rob McIsaac

Financial services industry leaders say that in the next five years, contact center agents will be expected to service more complex inquiries and manage more efficient selling techniques.

Capital Insurance Group Expands Guidewire Footprint

Capital Insurance Group Expands Guidewire Footprint

- Novarica

Monterey, CA-based P&C insurer Capital Insurance Group is retiring three siloed legacy underwriting systems and replacing them with a common suite of solutions from Guidewire. By doing so, Capital hopes to automate underwriting processes and gain the ability to more rapidly tailor policies to address rapidly changing market conditions.

Novarica: Large P/C Companies Widen Lead in Advanced Technology Race

Novarica: Large P/C Companies Widen Lead in Advanced Technology Race

- Novarica

Large property/casualty insurers are widening their lead over small- and medium-sized competitors in the race to add advanced technologies into daily work, Novarica concluded in a new report.

2015 Tech Trends: Data Accessibility, Mobile and Migration

2015 Tech Trends: Data Accessibility, Mobile and Migration

- Martina Conlon

It’s an exciting time in technology, and the rapid pace of innovation is inspiring, empowering and challenging the insurance industry. Technology mega-trends continue to offer great opportunities for insurers:…

The Future is Now for Group Insurance Carriers

The Future is Now for Group Insurance Carriers

- Rob McIsaac

As economists see it, the Great Recession has been over for more than five years. That said, the journey back from the high unemployment and negative growth rates that characterized the period has been anything but a “quick turn to bright.”

CIO Conundrum: Big-Picture Strategy vs. Fast Project Payback

CIO Conundrum: Big-Picture Strategy vs. Fast Project Payback

- Novarica

Enterprise architecture sounds like a good idea. But in the real world of gotta-get-it-done IT projects, it can often seem like an annoying obstacle rather than a strategic asset.

Predictive Analytics Help Insurers Overcome Data Glut

Predictive Analytics Help Insurers Overcome Data Glut

- Matthew Josefowicz

Now that insurers have access more data, the next frontier is using the data to become more effective underwriters and operators, a panel of technology experts said in a recent Best’s Review webinar on technology and underwriting.

The Mothers of Re-Invention

The Mothers of Re-Invention

- Rob McIsaac

For insurers as well as individuals, change is a constant. Technological advances now leap from the impossible to the mainstream in a matter of months rather than years, influencing how we think about markets and products and, with absolute assurance, how customers think about companies and industries.

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