Category Archives: INSURANCE

May 5, 2015

The buzzword of the year is disruptor. But if you are prepared for what is around the corner, you might find the word “first-mover” more appropriate. CCC Information Services provides 10 changes that will reshape the insurance industry in 2015. Millennials in the work force—Their work habits, benefits needs, salary demands, office culture and work/life […]

April 28, 2015

Independent insurance agents and brokers remain the dominant force in commercial lines and rival direct writers and captives in personal lines, according to the 2015 Market Share Study by the Independent Agents & Brokers of America (the Big “I”). The study, based on market share and company expense data from A.M. Best Company, indicates that […]

April 22, 2015

With the increased focus on analytics in all areas of the insurance industry, property-casualty insurers are facing serious challenges in achieving their analytics goals. Information technology leaders at large P&C insurers suffer with obsolete data infrastructure that inhibits analytics and adds an average of 25% to the cost of IT projects, according to a new […]

March 10, 2015

Every agent is responsible for comprehensive recordkeeping as part of their professional standards of conduct, right? Cataloguing conversations and email exchanges and even text and voice messages is difficult enough, but now the threat of cyber invasion looms. We often think of data breaches as cyber risk issue, but when it comes to professions that […]

March 3, 2015

When some of the best minds in the life insurance industry peer into their crystal balls, the view a decade out holds some amazing opportunities, according to a LOMA survey of industry leaders. Tune in, turn on or drop out seems to be one of the messages for the 10 years ahead. While the insurance […]

February 10, 2015

Sagging investment performance for property-casualty insurers has put the screws to other carrier operating segments to take up the slack. Underwriting and premium growth are natural go-to operations, but can they make up for what could be continuing anemia in the capital markets? A panel of experts at the January 2015 Property/Casualty Insurance Joint Industry […]

January 13, 2015

If you want to hire, sell to, or in any way reach individuals born between the years of 1980 and 1996, the Millennial generation, you need to develop your digital presence. A website, though necessary, simply isn’t enough, and the website that you have may be of marginal value if it isn’t integrated to multiple […]

December 18, 2014

Erie, USAA, State Farm – all names of insurers asking the federal government for permission to use unmanned aerial vehicles (UAVs), popularly known as “drones,” for commercial operations. The Federal Aviation Administration has banned most commercial drone use, but insurers are hoping to receive exemptions. Insurers foresee an array of uses for drones, including claims […]

November 24, 2014

Individuals born between the years of 1980 and 1996, the Millennial generation, bring a unique set of values and expectations to the market that require an overhaul of your service standards. The insurance industry is under pressure to remake itself in the face of the technological revolution, and today’s agents and brokers must somehow remain […]

November 18, 2014

We’re always interested in how agencies are performing and operating—we have, after all, made it our business. So we are closely watching the periodic results released from the Independent Insurance Agents & Brokers of America (Big “I”) Best Practices Survey. In this report, the Big “I” analyzes the performance of 217 of the top insurance […]

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