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Large International Insurers Challenged by Increasing Regulatory Burden
There is an increased focus globally on international insurance regulation driven by efforts within the G20 major economies to strengthen the international regulatory regime since the financial ...
If You Don’t Have a CIO on Your Board, You’re in Trouble (and You May Not Even Know It)
It's a widely accepted truism in this new millennium—if not an entirely proven one—that technology drives innovation and innovation drives competitive advantage. Whether or not that's completely ...
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 ...
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 ...
P/C Insurer Mergers: Reaching the Tipping Point
The growing number of reinsurance mergers is understandable considering that the flood of alternative capital has upended the industry's economics. If companies don't lower their cost of capital and ...
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 ...
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 ...