Scyllogis are committed to keeping ourselves at the forefront of technology developments to ensure consistent delivery of business objectives within the Insurance and Reinsurance sectors.
To do this we regularly contribute to the discussion and debate of important industry issues, and publish white papers and articles in the trade press. Additionally through our website Blog we now aim to further these discussions by continuing to add our perspective and opinions to those of the global Insurance community....
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Monday, 17 November 2008 |
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So, as the financial crisis unfolds, technology vendors and consultancies like Scyllogis who are exposed to the insurance sector are asking one question: will insurers spend more, less or the same on technology in 2009?
There are several factors dampening technology spend next year. First and foremost, investment income has and will likely continue to negatively affect insurer’s net income. Nearly every investment vehicle – stocks, bonds, real estate – has lost value this year. Additionally, today’s frigid credit market is elevating the cost of capital, further draining profitability. Lastly, an economic downturn will lower the demand for coverage, particularly for life products.
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Last Updated ( Monday, 17 November 2008 )
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Monday, 13 October 2008 |
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All news about AIG is about how it came close to bankruptcy, how the US Treasury had to bail it out to become the majority shareholder at 79.9% and how the vultures are circling to pick up the good bits in case the US Government decide to hold a ‘yard sale’.
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Thursday, 04 September 2008 |
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As all newspaper editors know, the summer period is usually ‘news light’ and therefore they have to run with ‘dog bites man’ stories. The insurance market is no exception as far as technology developments are concerned, so I thought I would go back over the pond in search of IT trends.
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Last Updated ( Monday, 13 October 2008 )
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Thursday, 14 August 2008 |
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This month I thought I would have a look to find out what the US insurance market view was of what can be considered the same issues as the London Market Reform is attempting to address. From a very interesting article in the July edition of Insurance and Technology I learnt the following:
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Last Updated ( Monday, 13 October 2008 )
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Tuesday, 01 July 2008 |
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An interesting news item on the Market Reform website caught my eye. The item informs us that Aon say they have made significant progress with their ambition to transact as much of their business as possible via an electronic platform and, as at the end of May 2008, had traded over 15,000 lines with over 160 markets via Ri3K. Aon made a commitment to review the experience after the 1 January renewal season and to that end asked Watertrace to conduct a full survey, both internally within Aon Re UK and externally with feedback from markets. The report is available from http://www.marketreform.co.uk/News_archive_2008.htm.
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Last Updated ( Tuesday, 01 July 2008 )
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