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Understanding Terminology

Core IT: The systems that provide core insurance functionality including policy administration, claims and billing. Many times these systems are old and are difficult to modify. Change is done using ...
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How to Develop a Robust Risk Appetite Statement

In a recent Own Risk and Solvency Assessment webinar conducted by FTI Consulting, more than 50 percent of attendees stated they had not adequately defined risk appetite as part of their ORSA ...
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What Insurance Agents Want from Carriers

Agents like what they get already but see room for improvement in field operations, agent education and marketing support provided by carriers, according to a 2014 national survey of more than 1,400 ...
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Silicon Valley Veteran Shaking Up Vertafore

Vertafore is forging new partnerships and shaking up how it develops and deploys new products. A big reason behind these efforts is Greg Wright, the company’s new senior vice president of Agency ...
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Strategies for Coping With a Tsunami of Regulations

Once upon a time, insurance regulation for U.S. companies was pretty straightforward. But then came 2008. Things changed. The influencers if not the direct regulators of U.S. insurance companies have ...
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RIMS to Treasury: Speed Up Terror Certs

RIMS, the risk management society, submitted a comment letter to the U.S. Treasury Department calling for 90-day deadline to be set on certifying acts of terror. “A long-term extension of the ...
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3 Reasons Leaders Can’t Keep an Open Mind

Many individuals in corporate leadership positions have created the illusion for themselves that their ideas alone are the best and their word on every subject within their sphere of influence is ...