TITLE

Siren's E-Song

AUTHOR(S)
George, Hank
PUB. DATE
May 2011
SOURCE
Best's Review;May2011, Vol. 112 Issue 1, p51
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
In this article the author discusses the problems being faced by the underwriting industry in the U.S. It mentions that senior management teams of insurance companies are concerned about controlling costs and risk management. It informs that a predictive analytics approach should be adopted to clean personal purchases histories and content from social media websites, as personal information about applicants from these sites raises concerns during the underwriting process.
ACCESSION #
61480238

 

Related Articles

  • The Sinister Side of Social Networking. Voelker, Michael P. // TechDecisions;Apr2010, Vol. 12 Issue 3, p14 

    The article elaborates on the challenges facing insurers in balancing the potential risks against the business opportunities they would gain from using social networking (SN). One challenge is the need to assess carefully the benefits against the risk of potential single compromise. Another is...

  • Connect and evolve with new agency technology. Honeyman, Susan R. A. // American Agent & Broker;Jul2010, Vol. 82 Issue 7, p26 

    The article reports on the benefits of technology for insurance agents in the U.S. It mentions that technology enables the insurance industry to streamline its workflow and reduce paper works. According to Jeffrey Yates, executive director of the Agents Council on Technology (ACT), it requires...

  • The move to social media.  // American Agent & Broker;Jul2010, Vol. 82 Issue 7, p30 

    The article reports on the increasing popularity of online social networking, particularly in the U.S. insurance industry. According to Karlyn Carnahan of Novarica who made research on the use of social networking technology, 25% of the insurance industry is using the said social media and it...

  • Nothing but Net? Sullivan, Laura // Risk Management (00355593);Aug99, Vol. 46 Issue 8, p8 

    The industry has played a part in Internet expansion, but the progress will soon speed up as insurers realize how much they are lagging behind. According to a Meridian Research survey, the industry could realize a 98 percent cost reduction in policy administration by transferring it to the Web....

  • Employees blog, tweet about products? Beware new risk.  // HR Specialist;Oct2010, Vol. 8 Issue 10, p4 

    The article reports on the results of the new CareerBuilder survey that shows 35% of employers use social media to promote the companies but admonish the risk of having employees preaching about the products or services via blogs, Twitter or other social networking sites.

  • Control Issues. MacDonald, Robert W. // Best's Review;Oct2008, Vol. 109 Issue 6, p60 

    The article discusses control issues confronting insurance companies in the U.S. It explores the need for insurers to control the distribution of their products and to reduce costs. It tackles the risk of forfeiting access and control of product distribution to the broker-dealer network. It is...

  • soft track STEADY CLIMB. BRADFORD, MICHAEL // Business Insurance;3/14/2011, Vol. 45 Issue 11, p9 

    The article addresses the increasing number of captive insurance companies despite the soft traditional market in the U.S. According to Nancy Gray, regional managing director-Americas at Aon Global Insurance Managers, captive insurance companies are emerging as a risk management tool to reduce...

  • Life Reinsurance Regulatory Modernization. Wallace, Diane B.; Jarvis, Donna R. // Journal of Insurance Regulation;Spring2006, Vol. 24 Issue 3, p49 

    This article includes a review of how reinsurance accounting is currently regulated and an explanation of why a new approach consistent with principles-based statutory valuation provides an opportunity to improve the risk management function of reinsurance for life insurance companies.

  • THE POLUTION SOLUTION. Pritchard Jr, William // American Agent & Broker;Feb2011, Vol. 83 Issue 2, p28 

    The article discusses the rapid growth of environmental and pollution risk insurance despite the current market downturn and unemployment rates in the U.S. The author stresses that insurance companies need to assess factors including the commitment of carriers, adequate staffing, and staff...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics