Before making technology investments for Solvency II compliance, insurers need to understand their risk management profile and determine what is needed to fulfill the requirements, according to an analyst with the consulting firm Celent.
Impairment ratings are an important issue for claims professionals. In state workers' compensation systems they drive more than $20 billion of costs.
At the NCCI 2010 Annual Issues Symposium, CEO Steve Klingel reported that deteriorating underwriting results put the workers' compensation insurance industry in a precarious position.
Changes in P&C insurance company employee compensation and further reductions in employee benefits at these firms are expected throughout 2010, according to a new study by the Ward Group.
Abraham is assistant vice president of human resources at The Hanover Insurance Group, and brings a critical skill set and experience to the InVEST board.
While the probability of an earthquake in the Pacific Northwest is considered "low" in the near future, insurers need to be mindful that they do occur and should mind their risk placements in cities there.
Standard & Poor's revised its outlook to negative on Marsh & McLennan Companies after MMC announced a $500 million settlement with the Alaska Retirement Management Board.
IBANY membership currently includes more than 30 broker and associate member companies throughout the greater New York Metropolitan area, and represents thousands of insurance professionals.