Information Technology ... Its Impact on the Insurance Industry

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Publisher :
ISBN 13 :
Total Pages : 92 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Information Technology ... Its Impact on the Insurance Industry by : Arthur D. Little, Inc

Download or read book Information Technology ... Its Impact on the Insurance Industry written by Arthur D. Little, Inc and published by . This book was released on 1986 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Changes in the Life Insurance Industry: Efficiency, Technology and Risk Management

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Publisher : Springer Science & Business Media
ISBN 13 : 1461550459
Total Pages : 379 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Changes in the Life Insurance Industry: Efficiency, Technology and Risk Management by : J. David Cummins

Download or read book Changes in the Life Insurance Industry: Efficiency, Technology and Risk Management written by J. David Cummins and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Technology and the Insurance Industry

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Publisher : Springer
ISBN 13 : 3319747126
Total Pages : 123 pages
Book Rating : 4.3/5 (197 download)

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Book Synopsis Technology and the Insurance Industry by : Antonella Cappiello

Download or read book Technology and the Insurance Industry written by Antonella Cappiello and published by Springer. This book was released on 2018-02-23 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Impact of Technology on the Insurance Industry

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Publisher :
ISBN 13 : 9780907822677
Total Pages : 110 pages
Book Rating : 4.8/5 (226 download)

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Book Synopsis The Impact of Technology on the Insurance Industry by : Douglas Shillito

Download or read book The Impact of Technology on the Insurance Industry written by Douglas Shillito and published by . This book was released on 1985 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Impact of Information Technology in the Insurance Industry

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Publisher :
ISBN 13 :
Total Pages : 512 pages
Book Rating : 4.:/5 (141 download)

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Book Synopsis The Impact of Information Technology in the Insurance Industry by : Richard L. Manning

Download or read book The Impact of Information Technology in the Insurance Industry written by Richard L. Manning and published by . This book was released on 1982 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Insurance 4.0

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Publisher : Springer Nature
ISBN 13 : 3030584267
Total Pages : 542 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Insurance 4.0 by : Bernardo Nicoletti

Download or read book Insurance 4.0 written by Bernardo Nicoletti and published by Springer Nature. This book was released on 2020-10-31 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Structuring the Information Age

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Publisher : JHU Press
ISBN 13 : 9780801880865
Total Pages : 380 pages
Book Rating : 4.8/5 (88 download)

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Book Synopsis Structuring the Information Age by : JoAnne Yates

Download or read book Structuring the Information Age written by JoAnne Yates and published by JHU Press. This book was released on 2005-06-22 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Disrupting Finance

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Publisher : Springer
ISBN 13 : 3030023303
Total Pages : 194 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis Disrupting Finance by : Theo Lynn

Download or read book Disrupting Finance written by Theo Lynn and published by Springer. This book was released on 2018-12-06 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access Pivot demonstrates how a variety of technologies act as innovation catalysts within the banking and financial services sector. Traditional banks and financial services are under increasing competition from global IT companies such as Google, Apple, Amazon and PayPal whilst facing pressure from investors to reduce costs, increase agility and improve customer retention. Technologies such as blockchain, cloud computing, mobile technologies, big data analytics and social media therefore have perhaps more potential in this industry and area of business than any other. This book defines a fintech ecosystem for the 21st century, providing a state-of-the art review of current literature, suggesting avenues for new research and offering perspectives from business, technology and industry.

Technology and Its Impact on Employment in the Life and Health Insurance Industries

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Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.3/5 (243 download)

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Book Synopsis Technology and Its Impact on Employment in the Life and Health Insurance Industries by :

Download or read book Technology and Its Impact on Employment in the Life and Health Insurance Industries written by and published by . This book was released on 1990 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Information Technology in the Insurance Industry

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Publisher :
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Information Technology in the Insurance Industry by : Robert C. Goshay

Download or read book Information Technology in the Insurance Industry written by Robert C. Goshay and published by . This book was released on 1964 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Information Technology in the Service Society

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Publisher : National Academies Press
ISBN 13 : 0309048761
Total Pages : 286 pages
Book Rating : 4.3/5 (9 download)

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Book Synopsis Information Technology in the Service Society by : National Research Council

Download or read book Information Technology in the Service Society written by National Research Council and published by National Academies Press. This book was released on 1994-02-01 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Information technology has been touted as a boon for productivity, but measuring the benefits has been difficult. This volume examines what macroeconomic data do and do not show about the impact of information technology on service-sector productivity. This book assesses the ways in which different service firms have selected and implemented information technology, examining the impact of different management actions and styles on the perceived benefits of information technology in services.

Changes in the Life Insurance Industry: Efficiency, Technology and Risk Management

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Publisher : Springer Science & Business Media
ISBN 13 : 9780792385356
Total Pages : 388 pages
Book Rating : 4.3/5 (853 download)

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Book Synopsis Changes in the Life Insurance Industry: Efficiency, Technology and Risk Management by : J. David Cummins

Download or read book Changes in the Life Insurance Industry: Efficiency, Technology and Risk Management written by J. David Cummins and published by Springer Science & Business Media. This book was released on 1999-12-31 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ten chapters explore the determinants of firm performance in the life insurance industry by identifying the best practices employed by leading insurers to succeed in the changing business environment. Particular attention is devoted to 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. The book concludes with an analysis of the future opportunities and challenges facing managers. Annotation copyrighted by Book News, Inc., Portland, OR

Cross-Industry Use of Blockchain Technology and Opportunities for the Future

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Publisher : IGI Global
ISBN 13 : 1799836347
Total Pages : 228 pages
Book Rating : 4.7/5 (998 download)

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Book Synopsis Cross-Industry Use of Blockchain Technology and Opportunities for the Future by : Williams, Idongesit

Download or read book Cross-Industry Use of Blockchain Technology and Opportunities for the Future written by Williams, Idongesit and published by IGI Global. This book was released on 2020-05-22 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Blockchain is a technology that transcends cryptocurrencies. There are other services in different sectors of the economy that can benefit from the trust and security that blockchains offer. For example, financial institutions are using blockchains for international money transfer, and in logistics, it has been used for supply chain management and tracking of goods. As more global companies and governments are experimenting and deploying blockchain solutions, it is necessary to compile knowledge on the best practices, strategies, and failures in order to create a better awareness of how blockchain could either support or add value to other services. Cross-Industry Use of Blockchain Technology and Opportunities for the Future provides emerging research highlighting the possibilities inherent in blockchain for different sectors of the economy and the added value blockchain can provide for the future of these different sectors. Featuring coverage on a broad range of topics such as data privacy, information sharing, and digital identity, this book is ideally designed for IT specialists, consultants, design engineers, cryptographers, service designers, researchers, academics, government officials, and industry professionals.

Technology and Its Impact on Employment in the Life and Health Insurance Industries

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Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.3/5 (512 download)

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Book Synopsis Technology and Its Impact on Employment in the Life and Health Insurance Industries by :

Download or read book Technology and Its Impact on Employment in the Life and Health Insurance Industries written by and published by . This book was released on 1990 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Adoption and Impact of Information Technology in the UK Insurance Industry

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Publisher :
ISBN 13 : 9780946890057
Total Pages : 58 pages
Book Rating : 4.8/5 (9 download)

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Book Synopsis The Adoption and Impact of Information Technology in the UK Insurance Industry by : Richard Barras

Download or read book The Adoption and Impact of Information Technology in the UK Insurance Industry written by Richard Barras and published by . This book was released on 1983 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The INSURTECH Book

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Publisher : John Wiley & Sons
ISBN 13 : 1119362245
Total Pages : 331 pages
Book Rating : 4.1/5 (193 download)

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Book Synopsis The INSURTECH Book by : Sabine L.B VanderLinden

Download or read book The INSURTECH Book written by Sabine L.B VanderLinden and published by John Wiley & Sons. This book was released on 2018-04-10 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Impact of New Information Technology in the Banking and Insurance Industries in Malaysia and Singapore

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Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Impact of New Information Technology in the Banking and Insurance Industries in Malaysia and Singapore by : Chan Onn Fong

Download or read book Impact of New Information Technology in the Banking and Insurance Industries in Malaysia and Singapore written by Chan Onn Fong and published by . This book was released on 1991 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: