Industry observers believe that cloud will play a large role in enabling new and evolving business models in insurance, such as telematics.

Cost is only one of the many factors driving insurers increased use of cloud at the platform, infrastructure, and software levels.

To meet the needs and expectations of mobile employees, agents, and customersand driven by economic pressures that slashed travel budgets in recent yearsinsurers have been capitalizing on collaborative technology.

Despite careful underwriting, economic pressure on contractors is leading to mounting losses. According to the Surety and Fidelity Association of America (SFAA), Surety losses have more than doubled this year compared to the previous year, increasing from $300 million in the second quarter of 2011 to $618 million in the...

In the 1990s, Surety companies were making a lot of money thanks to a booming economy that kept contractors busy and solvent. Insurers flooded the Surety marketplace to take advantage, prices dropped, and excess capacity built up. Predictably, when the recession of the early 2000s hit, contractor defaults led to...

Although the economy is improving, the real estate market is still glutted with vacant residential and commercial properties. These valuable, prime real estate assets need protection, creating revenue opportunities for carriers that possess the underwriting skill and loss control commitment to handle this challenging class.

Although the economy is improving, the real estate market is still glutted with vacant residential and commercial properties. These valuable, prime real estate assets need protection, creating revenue opportunities for carriers that possess the underwriting skill and loss control commitment to handle this challenging class.

Improving underwriting efficiency tops the to-do checklists of carriers in both personal and commercial lines.