Insurance industry execs in U.S. recognize upgrade need

insurance industry modernizing

These leaders have stated that the core systems are in need of modernizing across the board. According to the results of a recent survey, two out of every three insurance industry executives – among the 200 who participated – said that they were dealing with aging legacy systems. This issue could result in a wide reaching barrier to being able to reach new markets. SAP AG has indicated that the current issue of aging legacy systems in the insurance industry could make it harder for insurers to reach new markets,…

Read More

Health insurance industry survey highlights the opinions of executives

Health insurance care reform confusion debate

Survey shows that executives are torn on the issue of the Affordable Care Act Connecture, a provider of sales automation technology for the health insurance industry, has released the results of a new survey that was conducted during the America’s Health Insurance Plans Institute 2012 conference held late last week. The results provide some insight on the opinions held by executives in the health insurance industry concerning the Affordable Care Act. The health care law has, since 2010, been a point of contention in the industry, causing a degree of…

Read More

Insurers shave their heads to raise awareness of childhood cancer

This week in Las Vegas, Nevada, eight insurance executives from some of the largest insurance groups in the country had their heads shaved. Though the insurance industry is the target of rampaging criticisms, this was not an event where insurers were punished for their business practices. The event was organized by the AmWINS Group, a large insurance group based in California, in order to raise awareness for research concerning children with cancer. The event was part of the St. Baldrick’s Foundation’s fundraising efforts on the matter. Shaving the heads of…

Read More

Insurance executives concerned for the future of the insurance sector, says KPGM report

Optimism for the business conditions for the insurance industry in the U.S. is beginning to expire, according to a new report from KPGM, an audit, tax and advisory firm. The report shows that many of the nation’s highest ranking insurance executives are growing pessimistic of the conditions governing the insurance sector. These executives claim that conditions are worse now than they were a year ago and may gradually grow worse as the global economy shows signs of ailing. One of the major challenges facing the industry, notes KPGM, is the…

Read More