CTO / Technology
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 ...
Preparing Your Organization for Digital Transformation
There is little consensus in the insurance industry on what exactly is included in "digital strategy." Most insurers typically mean agent portals, customer portals, corporate sites and online ...
Munich Re’s Hartford Steam Boiler Invests in ‘Internet of Things’ Tech Startup
Munich Re's Hartford Steam Boiler made a seed stage investment in Waygum, a technology startup focused on building a mobile app platform for the Industrial Internet of Things. HSB isn't disclosing ...
What Carriers Want From Core Systems Transformations
Insurance carriers are making an unprecedented investment in transforming their policy, billing and claims systems and processes. This is a unique period where the convergence of aging legacy ...
Analytics Offers Edge for Insurers Fighting Organized Insurance Fraud Rings
Insurance fraud is estimated to be an $80 billion a year industry, according to the Coalition Against Insurance Fraud. In order to combat the crime, which is increasingly committed by organized fraud ...
The Evolution of the CIO: More Opportunities Ahead
The theory of evolution is a funny thing. It's widely accepted as scientific fact and the way of things, yet it can't be proven or disproven emphatically. Much the same might be said of the position ...
Insurance Outsourcer Patriot National Pays $10M For Software/Services Outfit
A company that handles insurance industry outsourcing in the workers compensation space has snatched up a business that provides software and services to P/C companies. Specifically, Patriot National ...
As P/C Companies Turn to Predictive Analytics, Some Underwriters are Wary
If you're wondering how important predictive analytics is becoming to property/casualty insurance companies, consider this: 56 percent of industry respondents in a new survey said they plan to start ...