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Celent Model Insurer 2019: Data, Analytics, and Artificial Intelligence 12 April 2019 Zao Wu Celent recognizes four companies with a 2019 Model Insurer Award in Data, Analytics, and Artificial Intelligence. Winner Initiative Synopsis AIA International Day Day Connect i-Intelligent Customer Engagement Platform AIA’s customer engagement platform is supported by capable data inf…
CES 2019: Voice, Connected Homes, and Not So Autonomous Cars 24 January 2019 Donald Light As always, CES was overwhelming. 4,500 companies exhibiting to over 180,000 attendees. It might be easier to list some of the things I did not see or do: Ride in the Bell Nexus flying taxi Eat a next gen, meatless, Impossible burger Ride in Google’s roller coaster Fold (or talk on) Samsung’s f…
Europe, Middle East, and Africa (EMEA) Policy Administration Systems (PAS) 2018: Personal, Commercial, and Specialty ABCD Vendor View 22 May 2018 Craig Beattie Celent ranks Property/Casualty policy administration systems from Europe, the Middle East, and Africa. Many General insurers still run old technology and limited legacy systems that represent a major constraint in their digitization efforts. Helping them navigate the complex policy administration s…
North American Policy Administration Systems 2018: Personal, Commercial, and Specialty ABCD Vendor View 25 February 2018 Donald Light and Karlyn Carnahan Celent ranks North American property & casualty policy administration systems. This report provides an overview of the policy administration systems available in North America for property & casualty insurance carriers. The report profiles 33 policy administration solutions, providing an overview o…
Digital in Life insurance -- The event 30 October 2017 Karen Monks, Colleen Risk, and Tom Scales If you’re a life insurance senior executive and were not in New York City last week at Celent’s Roundtable: Take a Walk on the Digital Side: Digital trends in Life insurance, then you missed an outstanding event. A group of 15 of your peers got together to share insights on how digital is done at t…
Embracing new technologies in a catastrophe 28 August 2017 Karlyn Carnahan Hurricane Harvey an 800-year storm that made landfall as a Class 4 has now been downgraded to a tropical storm. Millions will be impacted as Houston is the fourth largest city in the US. The losses could run into the tens of billions. This scale of loss creates huge challenges for the insurance ind…
Cyberwarfare and Insurance: Be Afraid 8 August 2017 Donald Light As this blog is being written, attention is focused on North Korea’s potential ability to deliver a nuclear bomb on US territory. However, there is another, less speculative threat, which could be just as destructive: a cyberwarfare attack which disables power generation and power transmission grid…
Five Things I learned from TINTech 12 July 2017 Craig Beattie I had the good fortune to be able to recently attend some of the The Insurance Network's Technology conference in London or TINTech as it's colloquially known. In describing this conference to friends and colleagues I have historically accused it of having many faces, being a conference for persona…
The Race to Find the Next Insurance Credit Score (or How, Maybe, to Reinvent P/C Insurance Pricing) 14 June 2017 Donald Light What is an insurance credit score? Basically it is a set of algorithms applied to data from credit reports which provide guidance for pricing and underwriting personal lines insurance. Although it has been a source of political and regulatory controversy over the years, the use of insurance credit…
Is the IoT Value Proposition Valuable Enough for Commercial Insurance? 3 June 2017 Donald Light The Internet of Things (IoT) has caught the imagination of the property & casualty insurance industry. One IoT use case — telematics for personal auto insurance — is well on its way to becoming a standard industry offering. However, adoption of IoT-based products for other lines of insurance is pro…
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Industry ‘must tailor insurtech response’ 5 March 2018 ...lines, according to a new report from research and advisory group Celent.It says personal lines will be affected long before commercial, and distribution remains a major battlefield for insurers...
Celent Insurance Newsletter, July 2012 27 July 2012 From the CEO The Games of the XXX Olympiad are upon us, and I'm excited. Not because I'm a big fan of dressage, or rhythmic gymnastics, or water polo. I'm excited because the Olympics give us a chance to focus on the pursuit of excellence. To revel in personal and, yes, national competition at the…
Celent European Insurance Newsletter, January 2012 11 January 2012 From the Senior Vice President for European Insurance A year ago, European insurers were preparing for uncertainty. Many in the industry had assumed that, within the year, we would have a better view on the economic cycle. But it is not to be. The continued crisis in Europe has made the fantastical…
Celent Insurance Newsletter, November 2011 21 November 2011 From the Senior Vice President Have you had your dose of healthy discomfort today? I’m not talking about the joys of business travel. I’m talking about out-of-your-routine, forced-to-think-differently, not-how-we’ve-done-things discomfort. Pushing past traditions to discover a new realm of possibil…
Celent Insurance Newsletter, August 2011 24 August 2011 From the Senior Vice President Got a hankerin' for core systems insights? You've come to the right place. Our policy admin ABCD report series has kicked off with the publication of the European general version. The North American versions (personal lines, commercial lines, life and annuity), the Eu…
Celent Insurance Newsletter, May 2011 24 May 2011 From the Senior Vice President Watching various economic indicators has become a New Normal pastime. Did you know that housing starts in the Topeka metro area are up 7.4%?! The national unemployment rate dipped below 9.5% for the first time in 24 months! Used car sales outnumber new car sales in 45…
Celent Insurance Newsletter, July 2010 26 July 2010 From the Senior Vice President With the dog days of August approaching, there's a lot of red on the global weather map. I was in Tokyo last week, and it was hot and humid. Here in the US, same thing. Ditto much of Europe. It feels hot everywhere I go. The same could be said about IT in insurance. D…
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