Archive for September, 2009

The PAS space is hotting up here in the UK. Talk of eviscerated IT investment spending has been vastly overstated. Before the crisis really kicked off, insurers around the world were looking at how to address legacy core systems, and the level of RFI activity and PAS deals supported this. The recent announcement of Allianz […]

Sep 28th, 2009 | Filed under Insurance, IT, Vendors

It is tempting to look at these three delivery models and say that one or the other is the future of our industry. In fact, all three models have a purpose.

Sep 23rd, 2009 | Filed under Insurance, IT, Market Trends, Marketing

There is an interesting article in The Economist this week about an innovative approach to innovation. A service called InnoCentive outsources research and development to an open community on the web. Companies can post challenges on the website and enterprising problem solvers across the world can submit solutions. Unlike many open community approaches, this one […]

Sep 22nd, 2009 | Filed under Insurance

Every January, Celent recognizes the effective use of technology through its Model Carrier Awards. We are pleased to announce that nominations for the 2010 version is now open ( Past winners earned their recognition through outstanding implementation of software and process in areas such as agency portals, document management, claims, billing, distribution management, sourcing and […]

Sep 21st, 2009 | Filed under Insurance

The financial crisis and the economic downturn having pushed governments to massively inject money into the economy – firstly to partly or fully nationalize financial institutions and secondly to stimulate the economy – have contributed to question the validity of the principles of the free market theory among populations and the general opinions in Europe […]

Sep 13th, 2009 | Filed under Insurance

Recently there has been some news about Chinese regulators approves some of China banks to invest in insurance companies: Bank of Communications got approval to purchase from China Life 51% of China Life CMG. Bank of China (BOC) got approval to purchase 25% of Heng An Standard Life, through its wholly owned property/casualty insurance subsidiary […]

Sep 10th, 2009 | Filed under Insurance

Gmail, Google’s online e-mail service, was down for a couple of hours this week, and it sparked a seemingly endless number of articles about the new concerns raised for users of cloud computing. I have a number of problems with this reaction. 1) How, before Gmail’s two-hour downtime was even fixed, did all these different […]

Sep 4th, 2009 | Filed under Insurance