Archive for November, 2010

At this time of year, along with Guy Fawkes celebrations and eating turkey, Celent analysts in UK, US and France start the process of interviewing CIOs at insurers to understand their plans and priorities for 2011. Even at this early stage of the research process, there are some interesting differences in the regions. Insurers in […]

Nov 30th, 2010 | Filed under Insurance, IT, Market Trends, Strategy, Vendors

Celent Senior Analyst Benjamin Moreland and Craig Weber, Senior Vice President, Insurance Group This event is free to attend. Celent clients and the media will have access to the webinar’s PowerPoint presentation after the event. Please click here for more information.

Nov 28th, 2010 | Filed under Events

Will automated underwriting systems finally replace the underwriter for term life insurance products? Could these systems be the catalyst that finally allows life insurers to penetrate the ever elusive middle market? I think both answers are “maybe.” Today’s new business and underwriting systems offer broad functionality for the producer and the underwriter. Reflexive electronic applications, […]

Nov 23rd, 2010 | Filed under Insurance

Aggregators are not numerous in Switzerland but the few that exist are mainly active in the health insurance domain. Actually Switzerland has a particular compulsory health insurance system. Private insurance companies can offer the standard medical cover (part of the social security system) and are directly controlled by the federal authority under the responsibility of […]

Nov 23rd, 2010 | Filed under Insurance

During a recent interview with a senior level leader within a large P&C insurer responsible for their outsourcing efforts, he made the comment that they plan to increase their use of BPO and explore SaaS solutions. However, he then went on to state that the biggest hurdle that they face in using SaaS is they […]

Nov 17th, 2010 | Filed under IT, Outsourcing, Strategy

For those of you who don’t know it, China has its own rating agency. It is called Dagong Global Credit Rating Group. This week the Dagong Global Credit Rating Group reduced its credit rating for the U.S. to A+ from AA, citing a deteriorating intent and ability to repay debt obligations after the Federal Reserve […]

Nov 12th, 2010 | Filed under Insurance