Information Technology In The Insurance Industry


Information Technology In The Insurance Industry
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Information Technology In The Insurance Industry


Information Technology In The Insurance Industry
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Author : Robert C. Goshay
language : en
Publisher:
Release Date : 1964

Information Technology In The Insurance Industry written by Robert C. Goshay and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1964 with Electronic data processing categories.




The Impact Of Technology On The Insurance Industry


The Impact Of Technology On The Insurance Industry
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Author : Douglas Shillito
language : en
Publisher:
Release Date : 1985

The Impact Of Technology On The Insurance Industry written by Douglas Shillito and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Insurance companies categories.




Changes In The Life Insurance Industry Efficiency Technology And Risk Management


Changes In The Life Insurance Industry Efficiency Technology And Risk Management
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Author : J. David Cummins
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06

Changes In The Life Insurance Industry Efficiency Technology And Risk Management written by J. David Cummins and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.


Major challenges for life insurance companies have been posed by an unprecedented wave of mergers and acquisitions in the insurance industry and the emergence of non-traditional competitors such as banks, mutual fund companies and investment advisory firms. This is the first book to analyze the determinants of firm performance in the life insurance industry by identifying the `best practices' employed by leading insurers to succeed in this dynamic business environment. The book draws upon data from insurer financial statements as well as upon an extensive survey of life insurer management practices and strategic choices in distribution systems, information technology, mergers and acquisitions, human resources and financial strategies. Generic strategies such as cost leadership, customer focus, and product differentiation are analyzed as well as strategic practices specific to the insurance industry. Best practices are identified by measuring the economic efficiency of insurers and by comparing firms across the industry. Both cost and revenue efficiency are measured relative to best practice efficient frontiers consisting of the industry's dominant life insurance firms. Economies of scale and the effects of mergers and acquisitions on efficiency are also analyzed. Financial strategies are examined with specific reference to pricing policy, valuation of assets and liabilities, and the current state of firm-level risk management systems. The benchmarks established are the result of extensive fieldwork that identifies key financial risks and methodologies to both measure and manage them at the firm level. The results discussed in the book indicate that firm performance is significantly correlated with management practices and strategic choices. Thus, life insurers can improve profitability by adopting optimal combinations of strategies. The book contains important new material on the effects of strategic choices in product distribution systems, information technology, mergers and acquisitions, human resources, and financial risk management policies. In the area of efficiency, the methodology provides a new approach for identifying peer groups of insurers and measuring the performance of individual insurers relative to their peer group. On the topics of risk and pricing, new insights are offered relative to current methodologies and in regard to areas where improvement is clearly warranted. The book concludes with an analysis of the future opportunities and challenges in the life insurance industry facing managers, and the strategic options available to them to cope with these changes.



Insurance 4 0


Insurance 4 0
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Author : Bernardo Nicoletti
language : en
Publisher: Springer Nature
Release Date : 2020-10-31

Insurance 4 0 written by Bernardo Nicoletti and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-31 with Business & Economics categories.


Industry 4.0 has spread globally since its inception in 2011, now encompassing many sectors, including its diffusion in the field of financial services. By combining information technology and automation, it is now canvassing the insurance sector, which is in dire need of digital transformation. This book presents a business model of Insurance 4.0 by detailing its implementation in processes, platforms, persons, and partnerships of the insurance companies alongside looking at future developments. Filled with business cases in insurance companies and financial services, this book will be of interest to those academics and researchers of insurance, financial technology, and digital transformation, alongside executives and managers of insurance companies.



It Information Technology


It Information Technology
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Author : Douglas Shillito
language : en
Publisher:
Release Date : 1988

It Information Technology written by Douglas Shillito and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Insurance companies categories.




Technology And The Insurance Industry


Technology And The Insurance Industry
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Author : Antonella Cappiello
language : en
Publisher: Springer
Release Date : 2018-02-23

Technology And The Insurance Industry written by Antonella Cappiello and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-23 with Business & Economics categories.


The book analyzes the role of technology in the redefinition of the competitiveness of insurance markets. With a focus on the competitive challenges of InsurTech startup to the incumbent insurers, the book will discuss the strategic role of technology both in the development and in the distribution of insurance services and explore the customer relationship evolution following the digitalization of services offered. The book presents original theoretical and empirical contributions addressing how digitalization impacts the insurance environment and regulation, and how InsurTech development represents a threat for traditional companies, from Big Data analysis to digital devices, from personal interactivity to home automation systems development. The project’s key benefit is up-to-date analysis of the competitiveness of technology usage in the insurance field, with particular reference to the distributive variable and to the future trends of the customer relationship in the short and medium-long term. The book will be of particular interest to scholars and students of insurance and financial technology.



Structuring The Information Age


Structuring The Information Age
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Author : JoAnne Yates
language : en
Publisher: JHU Press
Release Date : 2005-06-22

Structuring The Information Age written by JoAnne Yates and has been published by JHU Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-06-22 with Business & Economics categories.


Structuring the Information Age provides insight into the largely unexplored evolution of information processing in the commercial sector and the underrated influence of corporate users in shaping the history of modern technology. JoAnne Yates examines how life insurance firms—where good record-keeping and repeated use of massive amounts of data were crucial—adopted and shaped information processing technology through most of the twentieth century. The book analyzes this process beginning with tabulating technology, the most immediate predecessor of the computer, and continuing through the 1970s with early computers. Yates elaborates two major themes: the reciprocal influence of information technology and its use, and the influence of past practices on the adoption and use of new technologies. In the 1950s, insurance industry leaders recognized that computers would enable them to integrate processes previously handled separately, but they also understood that they would have to change their ways of working profoundly to achieve this integration. When it came to choosing equipment and applications, most companies ultimately preferred a gradual, incremental migration to an immediate and radical transformation. In tracing this process, Yates shows that IBM's successful transition from tabulators to computers in part reflected that vendor's ability to provide large customers such as insurance companies with the necessary products to allow gradual change. In addition, this detailed industry case study helps explain information technology's so-called productivity paradox, showing that firms took roughly two decades to achieve the initial computerization and process integration that the industry set as objectives in the 1950s.



The Insurtech Book


The Insurtech Book
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Author : Sabine L.B VanderLinden
language : en
Publisher: John Wiley & Sons
Release Date : 2018-07-02

The Insurtech Book written by Sabine L.B VanderLinden and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-07-02 with Business & Economics categories.


The definitive compendium for the Insurance Digital Revolution From slow beginnings in 2014, InsurTech has captured US$7billion in investment since 2010 — a 10% annual compound growth rate is predicted until at least 2020. Three in four insurance companies believe some part of their business is at risk of disruption and understanding the trends, drivers and emerging technologies behind Insurance’s Digital Revolution is a business-critical priority for all growth-minded firms. The InsurTech Book offers essential updates, critical thinking and actionable insight — globally — from start-ups, incumbents, investors, tech companies, advisors and other partners in this evolving ecosystem, in one volume. For some, Insurance is either facing an existential threat; for others, it is a sector on the brink of transforming itself. Either way, business models, value chains, customer understanding and engagement, organisational structures and even what Insurance is for, is never going to be the same. Be informed, be part of it. Learn from diverse experiences, mindsets and applications of technologies Discover new ways of defining and grasping growth opportunities Get the inside track from innovators, disruptors and incumbents Be updated on the evolution of InsurTech, why it is happening and how it will evolve Explore visions of the future of Insurance to help shape yours The InsurTech Book is your indispensable guide to a sector in transformation.



The Adoption And Impact Of Information Technology In The Uk Insurance Industry


The Adoption And Impact Of Information Technology In The Uk Insurance Industry
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Author : Richard Barras
language : en
Publisher:
Release Date : 1983

The Adoption And Impact Of Information Technology In The Uk Insurance Industry written by Richard Barras and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Information science categories.




Information Technology


Information Technology
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Author : D. Shillito
language : en
Publisher:
Release Date : 1988

Information Technology written by D. Shillito and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with categories.