By Insurance24
HARARE, Businesses are struggling to make progress with their digital transformation process – and insurance is playing catch-up with other industries, according to a new report.
New research from global consulting firm Capgemini has found that only a minority of businesses feel they have the digital and leadership capabilities to make digital transformation a success. Just 39% of
By Insurance24
HARARE, One of the primary pain points in daily operations for agencies and carriers is password management. In the past, an independent agent writing business with 15 different carrier partners had to obtain and manage 15 different usernames or passwords in order to connect with those carrier sites.
The ID Federation believes the time agencies spend managing credentials for carriers,
Is this the perfect modern-age insurance model?
Compiled by Insurance24
HARARE, In the heart of London’s historic insurance district and nestled in the shade of the iconic Lloyd’s building lies the office of CFC Underwriting – a bright and busy space home to more than 200 staff selling commercial insuranceproducts to thousands of businesses in over 75 countries.
Backed by Lloyd’s,
Global insurance premiums on the rise – Swiss Re report
Compiled by Insurance24
New Chubb cyber policy protects ‘the online you’
Compiled by Insurance24
HARARE, Everyone is vulnerable in today’s digital world. As technology progresses with considerable verve, developed communities are favoring fast and efficient online capabilities. But as we delve further into cyber space, we’re also exposing ourselves to a matrix of emerging risks.
Global insurer Chubb has launched
Compiled by Insurance24
HARARE, PricewaterhouseCoopers LLP, a global insurance and financial services provider, was ordered to pay the Federal Deposit Insurance Corp. more than US$625 million for negligence in the audit of Colonial BancGroup Inc., an Alabama bank holding company that failed during the financial crisis.
US District Judge Barbara Jacobs Rothstein issued the ruling Monday granting the
90% of insurers’ investment strategies don’t meet global climate goals
Compiled by Insurance24
HARARE, In spite of the risks stemming from climate change, a new report finds that nine out of 10 American insurance companies’ investment strategies fail to align with goals set out by the Paris Agreement.
“Despite looking at and considering this question over a number of years, they have
Incentivising for insurance change
Combied by Insurance24
HARARE, Combining the intelligent management of data with behavioural economics can assist insurers in providing customers with more sustainable solutions, says Kelly Preston, data analytics manager at SilverBridge.
Merely having access to data is no longer good enough to be competitive in the insurance market. The data must be combined with
Moving towards real-time claims processing
By Insurance24
HARARE, The insurance claims process is the bane of many people’s existence with some companies taking anything from 15 days up to a month, if not longer, to settle. In the fast-paced digital environment, this is an antiquated approach and must change if insurers are to remain competitive, according to Annalie Terblanche, Exergy Product
How insurance companies can utilize IoT data in their business strategies
Compiled by Insurance24
HARARE, Insurance professionals love the idea of IoT data, but they aren’t putting it to use in their own companies. A