Insurance and Technology

The latest technology trends and how they impact the insurance industry

Digital transformation is critical to the continued success of the London Insurance Market

Just a few years ago, the London Insurance Market became aware that it needed to transform in order to maintain its position as the definitive global hub of commercial insurance and specialty risk. Despite its substantial £60 billion size and a 300-year-old history, the Market’s leadership position wasn’t guaranteed. A joint study by London Market […]

Specialty insurance companies: Transform or perish

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Our society is going through a period of digital disruption. Well established business processes are increasingly insufficient to ensure business success, and need to be transformed. This disruption offers many benefits, but it is also an existential threat to companies that fail to transform their processes in the face of a rapidly changing economic climate. […]

Q/A with DXC Technology’s Kerry Rainer – Influential Women in Re/insurance 2017

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Kerry Rainer, claims services director at Xchanging, a DXC Technology company, was chosen by Intelligent Insurer as one of its Influential Women in Re/insurance 2017. Learn what excites Kerry about the insurance field and her advice to young women considering entering this field. What do you do at DXC ? I’m the claims services director […]

Influencing the future of the London Insurance Market

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DXC’s Caroline Bedford talks about the Digital Minds delegates at the ACORD London Forum. When asked to chair a panel on the subject of “Influencing the Future of the London Market” at the recent ACORD London Forum, I was delighted that our Digital Minds delegates would share the stage with such impressive industry leaders. The Digital Minds think tank […]

How can the insurance industry improve its talent pool?

The report ‘Talent in the London Market – Unique Advantage’ by the London Market Group and Deloitte, came out in 2016 just as I finished my first year working in the insurance industry. Before my career change, I worked in IT and telecoms for a decade, serving multiple vertical industries, large-scale corporates, SMEs and consumers. Needless to say, I saw and helped […]

Consider this when configuring and customizing insurance technology

What’s driving the need for customization and configurability in the insurance technology space? As a philosopher once said, “The only thing that is constant is change.” And this is certainly true of the insurance industry. Mix a dash of market forces, a cup of product launches, a sprinkling of new countries, a handful of fresh business lines […]

Integrating new technologies into holistic insurance solutions

Advances in technology have meant applications are more open and can talk more easily to one another. This gives CIOs the ability to pick and choose the applications that make the most sense for their organization, and to integrate them into an end-to-end landscape. The approach eliminates the one-size-fits-all mentality of the past and makes […]

Mergers in insurance: Is bigger better?

Faced with a raft of challenges such as third-party capital, soft market conditions and impending regulation around the globe, the reinsurance industry has been consolidating. Deals have been announced between some of the biggest players in the market and some of the well-known names are disappearing fast. But what are the long-term benefits of the […]

What’s driving transformation in the health insurance industry?

The healthcare sector is being buffeted by forces it has little control over. That an industry is facing challenges is not new, and, after all, trials and tribulations have a wonderful way of forcing companies or entire sectors to modernise for the benefit of all. However, what goes on at the chrysalis stage is critical […]

The 4 pillars essential to insurance technology success

As insurance markets transform and providers compete with other financial services organizations for business, evolving operational strategies is no longer optional – it’s critical. A big piece of this is, of course, technology. Insurance companies need IT solutions that foster the enablement of new strategies and help them drive operational excellence, product innovation and customer service. By embracing digitization, […]