April 15, 2015 - April 16, 2015
news: Connected cars, the shared economy and other emerging trends will redefine insurance products and create new opportunities for those willing to embrace change, according to research from Strategy Meets Action.
hr news: A looming labor shortage in insurance has led several industry players to launch a campaign to increase the sector's visibility and desirability while promoting science, technology, engineering and math.
news: The regulatory group has established a task force to evaluate the insurance industrys skill at protecting sensitive customer data.
feature: For exchanges to be successful, their value proposition must be built around human need, says CEO Jeffrey M. Kissel; most failed on initial rollout because leaders expected to flip a switch and for everything to work.
ma alliances: Metromile CEO talks to INN about the challenges and opportunities of the carrier's deal to provide per-mile insurance coverage to Uber ride-sharing drivers.
news: Inadequate systems outranked talent and capital resources in a Towers Watson poll of insurer pain points.
news: After a single auto insurance claim of $2,000 or more, drivers can expect their premiums to rise by two-fifths, according to a study by insuranceQuotes.com, an insurance aggregator and consumer information company. According to the results of the annual survey, the national average premium increase of 41 percent is three percentage points higher than last years average of 38 percent. Drivers who make a second claim pay 93 percent more than a driver with no claims. ...
ma alliances: Potential targets include Montpelier Re Holdings Ltd. and Aspen Insurance Holdings Ltd., which last year rebuffed takeover advances from Endurance Specialty Holdings.
news: New York homeowners have filed at least three lawsuits in federal court accusing the insurers of scheming with engineering firms, and others involved in handling claims to deny or reduce damage payouts.
hr news: Dermont ODonohoe will lead Hamiltons Sportscover Underwriting, which is to be renamed Hamilton Underwriting, helping the insurer execute on its international business strategy.
ma alliances: Health insurer says move reinforces its commitment to being a partner of choice to healthcare professionals and hospital systems.
WOMEN IN INSURANCE LEADERSHIP
UPDATE: With two previous attempts behind it, a well-known IT consultant explains how specialty insurer AEGIS was able to deploy Pegasystems and revamp its entire underwriting process.
UPDATE: INN celebrated its Women in Insurance Leadership award winners at a celebration in Chicago on October 20 and 21.
UPDATE: Teresa White was named a 2014 Women in Insurance Leadership winner.
Insurers from all around the world are making great efforts to become digital.
In the current hyper-competitive marketplace, many carriers are focusing on improving their distribution practices as a key technique for driving growth.
Google is getting the approval for selling insurance on their compare site in a large number of states via a number of different insurance partners.
The IoT is a major game changer for the insurance industry, and will likely affect every part of the insurance value chain. After all, insurance is data-driven, and thats exactly what the IoT can deliverrelevant, actionable, real-time data that can provide an accurate picture of what is beingor may beinsured.
Aflac US Operations President Teresa White on Healthcare Reform and Innovation
You Can't Make This Stuff Up: The Worst Cases of Insurance Fraud in 2014Click here to view