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ITA Pro Weekly, October 19, 2018

Bill Sinn | October 19, 2018

Let the good times roll. Berkley One, Nationwide and other insurers shine in the Las Vegas spotlight this week…

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Over 2,200 insurance professionals, analysts, consultants, press and others descended on Las Vegas earlier this week to participate in the annual Guidewire Connections conference. And of course, ITA was there!

Kathleen Tierney (Berkley One), Tammy Craig (Nationwide), and Dan Trueman (AXIS Insurance) were among a host of speakers who presented their personal stories, insights and perspectives on transformation in the industry and how technology was helping to shape and drive business innovation. 

With the insurance industry evolving so fast, insurance practitioners are clamoring for these types of insights. And it's refreshing to see industry and customer conferences like Guidewire Connections 2018, SMA Summit and InsurTech Connect provide inspiration and thought-leadership to insurance carriers -- many who are still struggling to make it through the technology maze.

There's plenty more to come...and ITA will be helping you along the way.
Property and casualty insurers, like the overall insurance industry, have been relatively slow in turning to the cloud...although recent industry trends imply an about-face. Historically a risk adverse group, insurers are now pivoting to the point of demanding cloud strategies that align with business goals. Alex Naddaff details the shift in the article "For P&C Companies, Cloud is the Future".

In the modern insurance marketplace, insurers need to compete on customer service and the ability to provide personalized service, in addition to the existing axis of price and coverage. Whereas once configuration tasks only involved simple tweaks, such as rate changes, today configuration covers a far broader set of concerns than ever before. Dan Honeycutt makes the case to "Refocus on the Business with Configuration-as-a-Service (CaaS)."
Click on the links below to get the latest news in the insurance marketplace:
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