Yearly Archives: <span>2014</span>
The Trouble With Incentive Compensation
Incentive compensation in many organizations has evolved over recent years. What started with the intent to increase the alignment of top management with shareholder interests, later developed into a ...
What Rating Agencies Really Want to Know About Your Catastrophe Risk
Preparing effective rating agency presentations is important to most companies, but when it comes to articulating catastrophe risk and large loss potential, there can be a disconnect between what ...
Improving Claims Legal Management Effectiveness With Advanced Analytics
Claims organizations are under increasing pressure to manage the legal expense associated with claims litigation. The legal spend for the P/C insurance market remained flat at $21.3 billion from 2008 ...
Uber, Lyft, Sidecar Toe-to-Toe With Insurers: State-by-State Analysis
The highly thought-of share-and-share-alike attitude considered a virtue by some has become fighting words between ridesharing companies and the insurance industry. "We try not to make it a battle," ...
Ridesharing Services: Insurers Slow to Grab the Wheel to Offer Coverage
Ridesharing services are becoming increasingly popular among consumers looking for a more convenient alternative to taxis or other forms of public transportation. Tracking the demand upsurge, new ...
Carriers Strive to Improve Claims Technology
Insurers continue to focus on improving claims technology, according to Karlyn Carnahan, research director at Celent. The main area of improvement is the replacement of aging claims administration ...
Reach Out and (Virtually) Touch Your Clients
The mother-in-law of a colleague of mine, a spry young woman in her early 80s, recently had open-heart surgery. As is sometimes the case even after successful surgery, full recovery can take a while ...
Insurance Trade Agreements Are Good for Consumers and Markets: PCI Opinion
You can be sure critics are already getting ready to pounce on a preliminary draft of the financial services section of the Trade in Services Agreement (TiSA), invoking the usual rhetoric about the ...