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Archive for March, 2009

As anyone who grew up in the country can attest, chickens are surprisingly resilient, even minus their heads.

Mar 31st, 2009 | Filed under Insurance, IT, Market Trends, Strategy

Celent’s latest survey is aimed at understanding where insurers are in their attitudes and perceptions to Green IT. It may seem like a strange topic in the current crisis but Celent believes there are many green driven initiatives that can bring cost saving to the company. Nothing more relevant than a tactical cost reducion project. […]

Mar 30th, 2009 | Filed under Insurance

I had a very interesting conversation with a couple of executives at a leading Property / Casualty company this past week that gave me a very different perspective on future mergers and acquisition activity. They work for a Tier 1 player — not one you hear a lot about in the news because they are […]

Mar 24th, 2009 | Filed under Insurance

More than technology, Web 2.0 is an attitude. A short Q&A session helps us understand what Web 2.0 means: Where? “Everywhere”: Getting access to social networks or being able to communicate from anywhere in the world have become an important aspect of today’s communication. The Web 2.0 attitude requires low restriction in terms of communication […]

Mar 23rd, 2009 | Filed under Insurance

As Catherine discussed in her post on Monday, Celent is in the midst of writing several 100-plus page policy administration reports. Aside from the sheer size of the task, an added complication this year is the difficulty defining what the term “policy administration” even means. Each time Celent reports on the topic, the scope of […]

Mar 19th, 2009 | Filed under Insurance

At long last, Washington has found an issue with truly bi-partisan appeal — doing something about those awful bonuses at AIG. While it is gratifying to see both parties, not to mention the White House and any number of executive agencies, lined up behind one simple goal–it would be good to keep a few points […]

Mar 18th, 2009 | Filed under Insurance

If you listen carefully you will hear the crunching and churning of the cogs and wheels of Celent’s most ambitious bi-annual report – the policy administration report. It’s hard not to be overcome by superlatives when describing this research. This year, we’ll publish 7 reports, each likely to run well over 100 pages in length. […]

Mar 16th, 2009 | Filed under Insurance

An article pubished by SNL Financial this past week summarized the 2008 results for the P&C industry.  Three dynamics drove the negative results – after-tax realized capital losses, declining net written premiums and a net underwriting loss. The overall combined ratio for the year of the 2,200 companies included in the data was 102.7%.  In […]

Mar 14th, 2009 | Filed under Insurance

An article pubished by SNL Financial this past week summarized the 2008 results for the P&C industry. Three dynamics drove the negative results – after-tax realized capital losses, declining net written premiums and a net underwriting loss. The overall combined ratio for the year of the 2,200 companies included in the data was 102.7%. In […]

Mar 14th, 2009 | Filed under Insurance

This week, Celent is pleased to feature an article from guest contributor, Hiroshi Yokotsuka, Managing Director, Member of the Board and CIO of the Tokio Marine & Nichido Fire Insurance Co., Ltd. ?????????????????? Today, I’d like to share with you a story that happened in Japan called “Miracle Apples” and Tokio Marine & Nichido Fire’s […]

Mar 13th, 2009 | Filed under Insurance, Strategy