Archive for February, 2009

Not that we need any more bad news, but there is a dynamic in the ebb and flow of the property casualty industry that is causing me some concern. That is, all things being equal, the performance of the P&C industry usually lags what is happening in the general economy. This is driven by the […]

Feb 26th, 2009 | Filed under Insurance

The major international equity indexes have lost ground this week, dropping by 3 to 4% in average. It appears that the recent numbers issued by companies have increased the global fear of a deepening recession. Despite a clear sign of confidence regarding its own future provided by Munich Re last week and notably its decision […]

Feb 23rd, 2009 | Filed under Insurance

Celent senior analyst Jeff Goldberg This event is free for Celent clients and invited guests. Please click here for more information.

Feb 17th, 2009 | Filed under Insurance

If you think twittering is for the birds, then think again. US President Obama and Stephen Fry (a renowned British actor) are both active users of the micro-blogging website – Earlier this month, Stephen Fry was stuck in lift in London and used Twitter to talk to his followers – all 180,000 of them […]

Feb 17th, 2009 | Filed under Insurance, IT, Market Trends

I participated in a “virtual roundtable” at Insurance & Technology magazine on the topic of Green IT. If that interests you, check out my thoughts (and the thoughts of the other contributors) here: It seems like so much of the Green IT conversation is about hardware: lower-energy servers, computer recycling, increased virtualization, carbon-neutral data […]

Feb 13th, 2009 | Filed under Insurance

I had an opportunity to talk to an independent consultant who has worked for some time now with insurance companies in Japan. He specializes in new technologies involving calculation engines. His experiences give some insight into the reasons why these emerging technologies are being adopted relatively slowly, and may also give some insight as to […]

Feb 11th, 2009 | Filed under Insurance

I was struck by CNA’s fourth quarter results where they reported an improvement over last year’s Q4 combined ratio — 89.1%. Once upon a time, that would have been “golden”. But, because they recognized losses of over $300million on mark-to-market actions for some of their investments, they LOST money for the year. What a leadership […]

Feb 10th, 2009 | Filed under Insurance

Over coffee, a colleague, Miqdaad Versi, and I have been discussing green IT in the context of 2009. How can it remain a priority with the current crisis unfolding? We both agreed that green IT is more than feeling good about one’s carbon footprint — green IT is an approach to sourcing, utilising, and disposing […]

Feb 10th, 2009 | Filed under Insurance

Celent senior analyst Donald Light This event is free for Celent clients and invited guests. Please click here for more information.

Feb 9th, 2009 | Filed under Insurance

Visiting South Africa recently, I was struck by the insurers’ frustration of the lack of vendor commitment to the country. My conversations were with large insurers – and I mean seriously large companies tipping billions in premium — and it appears even these companies are unable to attract vendors to make the serious investment. Those […]

Feb 9th, 2009 | Filed under Emerging Markets, Insurance