The Rise of the Capable Insurer

I was talking about the financial crisis to an executive at a large life insurer recently. Given the steady stream of dismal financial news over the past two months, you might have expected it to turn into a “woe is me!” conversation. But in fact, the opposite occurred. “We’re doing fine,” the exec told me, […]Continue reading...

Insurers Strategy Concerns: the big shift?

American and European insurers are currently facing hard times. While everybody can explain now how we got into this situation, it is still unclear how precisely financial companies and notably insurers will change their strategy in the near future and particularly how they will align their IT resources in order to respond in this fast […]Continue reading...

Riding out the market crisis

One of the job functions of an analyst is being asked to predict the future and no more so that in this current economic climate. As the year end approaches, I am being asked this question on a daily basis. The question usually masks a certain amount of personal concern about how 2009 might turn […]Continue reading...

Best Practices for a Vendor Proof-of-Concept

Insurers who have been through the arduous process of whittling a long list of policy admin system vendors down to a short list, and then whittling a short list of vendors down to an even shorter list, often ask us how they can be sure they’ve made the right choice before investing potentially millions of […]Continue reading...

Update to "Bad News on the Street, Insurance IT Strategy and the Financial Crisis"

Since we published Bad News on the Street, Insurance IT Strategy and the Financial Crisis in early October, the economic roller coaster continues to twist and gyrate. One assumption in that report, that there will be a “mild to moderate” recession, is being severely challenged. The mortgage meltdown morphed into a credit confidence crisis which […]Continue reading...

Celent Enters the Blogosphere

Welcome to the Celent blog! For those of you who are new to the site, or who are new to blogging in general, doesn’t it make you feel…cooler? That’s what it does for me. Entering the blogosphere is like slapping on a pair of virtual Ray-Bans and driving a virtual red Ferrari down the virtual […]Continue reading...