National Underwriter Property & Casualty-Risk & Benefits Management, August 31st, 1998
MIKE HANNAN IS CHIEF OPERATING OFFICER OF THE LONDON PROCESSING CENTRE.
Electronic commerce is important to the data-dependent insurance industry because of the opportunities it presents to streamline business processes and reduce costs.
The benefits are enormous, not only for the purposes of handling the data but also in its analysis, which potentially can improve the decisions underwriters make about risks.
The insurance industry is facing competition from many quarters, particularly on the international scene. As competition intensifies, companies must look at how they can control cost...
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