risk
8 Cyber Insurance Challenges
Insurers working to provide their customers with adequate cyber coverage must overcome a slew of challenges. Here are eight of the most formidable: Lack of Historical Data While insurers writing policies for flood insurance, for example, can draw on a…
Additional Main Benefits of Cloud Computing and Managed Services for Insurers
My previous blog post detailed three advantages of cloud computing and managed services for insurers. Here are two more important benefits. Optimized Risk Management and Disaster Recovery Using cloud computing insurers can help manage risk and fraud, as well as…
2 Important Tips for Insurers’ Data Migration Processes
Many life and pensions senior managers say they have been involved with one or more data migrations in the past and that they: Just don’t work Went over budget Were delivered late, or not at all Only migrated some of…
Data Analytics – The Next Big Thing in Reinsurance?
Data analytics has the potential to be the next big thing in reinsurance. The ability to consolidate reinsurance data into one centralized repository and perform business intelligence functions is already significantly improving carriers’ bottom lines. While sophisticated data analytics tools…
“You Don’t Say ‘NO’”
“You don’t say ‘no,’” said one of Australia’s leading life insurer executives at Sapiens’ recent CxO Insurance Roundtable customer event, which I had the pleasure of hosting in Sydney, Australia. She had been specifically asked how the IT department at her insurance…
A Failed Legacy: The Dangers for Insurers
Legacy IT systems are the largest cost that many organisations face today. This issue affects many markets – most obviously the banking and investment industries – with the insurance industry following suit. The research firm Celent predicts that insurance IT…
2 Main Retirement Challenges
There are two major reasons why it’s so difficult for the retirement services industry to modernize their technology: cost and risk. The industry takes pride in its important work supporting generations as they move into retirement. And insiders are well aware…
Is BPO the Answer for Closed Books?
Our last blog post discussed how organizational strategies do not always align with the time spans of the products produced to support those strategies in the life and pension industry. The issue of how to manage Closed Books business without…
An “Outside” Look at Retirement Services
Not everyone shares my passion for the outdoors. I enjoy pushing myself during outdoor excursions, but I know people who are put off by the cost and perceived risk. My previous blog post described how the retirement services industry hasn’t…
Two Problems Hindering the Retirement Services Industry
September is often a time when people, especially students, finish reflecting on the past year and begin planning how the coming year will be a better one. If this type of reflection is aimed at the retirement services industry, students…
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