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John Leonard of MEMIC, former Chair of the ACORD Board, was recently recognized by the National Council on Compensation Insurance at their 2017 Annual Issues Symposium.
The state of New York has again been making headlines with multiple legislative and regulatory measures crafted with consumer protection in mind.
The platform adds transparency and accelerates the accounting and settlement process using ACORD Standards.
A three-part series by the Ruschlikon Marketing Group of an interview with Joe Dainty, the Global Head of Operations at Lloyd’s.
Insurance leaders and experts alike join forces at the Swiss Re Centre for Global Dialogue to highlight Blockchain’s potential in the future of insurance (and reinsurance).
The insurance industry has long used data & analytics as part of their business models, going back centuries. However, Machine Learning or Artificial Intelligence (AI) represents a transformative sea change, with the power to redefine insurance.
Input from carriers writing cyber liability policies is needed.
Long talked about and the subject of frequent pilots by large carriers, UBI is being propelled by the proliferation of telematics data collection devices and services.
Why have so many suddenly decided this is the right time to aggressively pursue innovation in and for the insurance industry?
This tipping point has the industry breaking business models, transforming legacy processes, and even hacking the fundamentals of what makes insurance.
Replacing an aging claim management system, on its own or as part of a larger core administration system modernization initiative, can certainly offer moderate success in terms of both process improvements and maintenance costs, but is it enough?
The Graham Company recently conducted a 2015 Business Risk Survey revealing that nearly three quarters of business leaders are most concerned about potential risks associated with cyber security threats to their organizations.
There is a new enthusiasm for, and recognition of, the need for innovation today, and personal auto is leading the way.
ACORD XML (AML) is now being used to send risk bound reporting data on property risks from Australia to the Lloyd’s market on a weekly basis straight through to systems in London with no rekeying.
Is it really surprising that recent research by the Coalition Against Insurance Fraud finds less than two in five people have a “favorable impression” of the insurance industry?
The new Cyber and Privacy Liability changes will be available with the release of ACORD P&C XML 1.29 scheduled for late June 2015.
A life insurance company that tried to underwrite policies the old-fashioned way would be out of business very quickly.