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Archive for January, 2012

Celent announced the winners of its sixth annual Celent Model Insurer awards on Thursday, January 26, 2012 in Boston, MA. http://www.celent.com/reports/event-presentations-celent-2012-insurance-innovation-insight-day-featuring-celents-model. On hand were nearly 150 insurers and technology vendors. Celent Model Insurer Award nominations are open to insurers across the globe and recognize insurers who have successfully demonstrated key best practices in the use […]

Jan 31st, 2012 | Filed under Insurance

Today’s IPO for Guidewire is important for Guidewire, the insurance software sector, and for insurers that buy new software. For Guidewire the IPO will provide access to public equity markets and working capital—as well as funding additional internal development in its products and technology. As Guidewire is now a publicly traded company, its customers and […]

Jan 25th, 2012 | Filed under Insurance

Today, the U.S. Supreme Court issued a very interesting decision which identifies, but does not resolve, the complicated issues of privacy in the digital age (U.S. v. Jones, opinion found at http://www.supremecourt.gov/opinions/11pdf/10-1259.pdf ). The case deals with the use of a GPS monitoring device to gather information about a suspect. A concurring opinion issued by […]

Jan 23rd, 2012 | Filed under Insurance

With the Facebook IPO looming thoughts are returning to how social websites will actually generate money. Sure, Facebook is used globally, has an extraordinary number of users and is the top social network in a growing number of countries – but how is it likely to make revenue? Advertising revenue has always been the principle […]

Jan 17th, 2012 | Filed under Insurance

The creation of a Chief Science Officer position at Chartis may be an inflection point in how analytics are used in insurers. By now all large insurers (as well as many midsize and smaller insurers) have made, and are making analytics investments. There are three basic elements in analytics:data, tools, staff skills. For an insurer’s […]

Jan 10th, 2012 | Filed under Insurance

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Jan 9th, 2012 | Filed under Events
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Is it just me, or are most commercials for property/casualty insurance on American television really dumb, pointless, and worst of all ineffective? I’ll assume that everyone reading this post knows something about insurance products and the process of selling those products. So take your own “Is It Just Me?” test. After you watch the next […]

Jan 9th, 2012 | Filed under Marketing

The Securities and Exchange Commission (SEC) announced yesterday that they have brought charges against a broker dealer for offering fictitious securities for sale on social sites. There are several good messages involved with this announcement. First, the person charged was caught before completing a sale. There is no more proactive protection than that. Second, this […]

Jan 6th, 2012 | Filed under Insurance