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Insurer technology demands are shifting from traditional standalone applications, tools, data and services to integrated solutions, according to a technology consulting firm.

That finding came from Boston-based Strategy Meets Action (SMA) as part of its Insurance Ecosystem Research Series reports.

The firm?s study of technology solution trends identified an increasing need for convergence within the IT vendor space. “As insurance Read the rest of this entry »

Risk Management Solutions said its newest catastrophe models for earthquake risks in the United States will likely cut insured loss estimates 10 to 25 percent.

RMS in Newark, Calif., said the changes would be most felt in California and the reduction applied to the average insurer across all lines of business, with more modest changes in loss estimates for commercial business lines and larger reductions for residential lines.

The Read the rest of this entry »

Revenues for the U.S. insurance brokers and agencies industry should begin picking up by the second quarter of next year and expand by 3.4 percent per year over the five years ending 2014, according to a business research firm.

IBISWorld also said that over that outlook period it forecasts revenue and profit volatility will be moderate as the primary insurance market hardens and then softens. The firm projected tough times ahead for small Read the rest of this entry »

Revenues for the U.S. insurance brokers and agencies industry should begin picking up by the second quarter of next year and expand by 3.4 percent per year over the five years ending 2014, according to a business research firm.

IBISWorld also said that over that outlook period it forecasts revenue and profit volatility will be moderate as the primary insurance market hardens and then softens. The firm projected tough times ahead for small Read the rest of this entry »

Revenues for the U.S. insurance brokers and agencies industry should begin picking up by the second quarter of next year and expand by 3.4 percent per year over the five years ending 2014, according to a business research firm.

IBISWorld also said that over that outlook period it forecasts revenue and profit volatility will be moderate as the primary insurance market hardens and then softens. The firm projected tough times ahead for small Read the rest of this entry »

Revenues for the U.S. insurance brokers and agencies industry should begin picking up by the second quarter of next year and expand by 3.4 percent per year over the five years ending 2014, according to a business research firm.

IBISWorld also said that over that outlook period it forecasts revenue and profit volatility will be moderate as the primary insurance market hardens and then softens. The firm projected tough times ahead for small Read the rest of this entry »

Revenues for the U.S. insurance brokers and agencies industry should begin picking up by the second quarter of next year and expand by 3.4 percent per year over the five years ending 2014, according to a business research firm.

IBISWorld also said that over that outlook period it forecasts revenue and profit volatility will be moderate as the primary insurance market hardens and then softens. The firm projected tough times ahead for small Read the rest of this entry »