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IRMG Brief
The Industry's Big Questions in 2012
Insurance & Technology Speculates on the Big Questions That Will Be Answered This Year
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In their latest report, industry publication, Insurance & Technology, addresses important questions that may significantly change the insurance industry landscape this year. 

  

1. Which Core System Replacement Strategy Will Emerge?
2. What's Next for Mobile Application Development? 
3. Is 'Bring Your Own Device' the New Standard? 
4. How Will Social Media Be Used Beyond Marketing? 
5. Will Usage-Based Insurance Finally Take Hold? 
6. How Will 2011's Catastrophes Change Insurers' Strategies? 
7. What Does 'Big Data' Demand From IT? 
8. Will Healthcare Reform Survive the Year? 
9. How Will IT and Marketing Roles Merge? 
10. How Will the Insurance Technology Landscape Change After This Year's M&As?
Industry News

The majority of commercial health and wellness organizations now buy robust contingent insurance packages or look to cover all the liability risks under one policy.

Navigators Sees Success With New Product
In just a month since the syndicate announced their new D&O product, the number of new clients buying NavDefence is in the double digits.

Worries around the future of the Euro have whetted investors' appetites for gold, including those who were already looking for alternatives.    

 

Lloyd's Expands China Business 

China Re joins Lloyd's and will send six underwriters to work alongside the Catlin team in London.

 

Lloyd's Censures Motor Insurer

Lloyd's censured a member syndicate for the first time in almost a decade after uncovering failings in the way it managed its financial reserves and claims payments.

 

Reinsurers Limit Exposure To Disaster-hit Areas

Reinsurers have been cutting their exposure to some catastrophe-hit areas of Asia and Australasia after years of pursuing business there mainly for its diversification benefits and failing to properly assess risks.

 

Barbican Bids To Takeover Omega

The backers of Barbican Insurance have launched a fresh indicative takeover bid for rival Omega Insurance, calling on it to begin talks to create a "merger of equals" between the two Lloyd's underwriters. 

 

Carnival losses for insurers could reach $750m

Insurance losses arising from the stricken Costa Concordia cruise ship could come to as much as $750m, making it one of the costliest marine-related disasters ever, some analysts and underwriters have warned. 

                           Globe
International Risk Management Group is made up of the foremost experts in handling the claims connected to the risks discussed in this brief, as well as those ranging from disability, medical and general liability to key person, casualty, and professional risks and more.

For more information, please email me or call 1.888.622.IRMG.
                                                   
Sincerely,

Danielle Betras
Marketing Director
IRMG

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