Panic Prevention: Insurers' IT Crisis Control

By Robert Regis Hyle

Summer means it's time for another hurricane season. The insurance industry hasn't faced a heavy storm season in several years and Howard Mills, director and chief advisor for the insurance industry group at Deloitte, believes carriers have been able to adequately build up their reserves in preparation for the next big storm.

"The insurance industry is very well positioned," says Mills. "Risk management is their business and their performance throughout the economic crisis demonstrated they are doing a good job at risk management. Reserves are at a very good place, especially the property/casualty industry."

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Competent to the Core—Trends in Policy Admin, Underwriting, and Claims

Date: August 25, 2010 | Time: 2:00 PM EST

The focus of IT investment has been and continues to be on core systems, according to carriers and analysts alike. But what exactly has that money been buying, and are insurers getting their money's worth? A panel of industry experts reveal what solutions insurers must implement now in order to be competitive today and in business tomorrow.

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