| Case Studies |
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Scyllogis Consulting have been helping customers within the Insurance sector continue to achieve significantly higher levels of business performance from their data management programmes and information systems since 2001. Read how we have worked with some of these customers to achieve significant business results across the world, in our case studies. |
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Insurance organisations today are no more effective at delivering on large-scale data management initiatives than they were 10 years ago. In a recent survey, 70% of the companies said their data management initiatives did not deliver the expected results. That success rate was unchanged from similar surveys conducted in the 1990's. And the environment for data management is only getting more complex.....
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| Our People |
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At Scyllogis Consulting all of our consultants have significant experience gained from within the Insurance market. Our people and our culture are our greatest assets. We only select people with relevant experience, intelligence, integrity, passion and the ambition to make a mark and deliver to our Customers the Scyllogis brand values of practical, results based consultancy. Our Consultants are pragmatic and open minded. That is why we deliver solutions that others dont..... Read More
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| TRAVELERS' 2011 INCOME FALLS 56% ON CAT LOSSES |
| Industry News | |
| Wednesday, 25 January 2012 | |
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US-based Travelers has closed 2011 with net income of $1.43bn, down 56% year on year. Pre-tax catastrophe losses rose to $2.56bn from $1.11bn, while favourable prior-year reserve development declined by 43% to $715m. The group recorded an underwriting loss of $1.27bn, down from income of $1.33bn in 2010. The combined ratio jumped 11.9 points to 105.1% while net written premiums rose 3% to $22.19bn. Its core business insurance segment saw operating income fall 41% to $1.35bn, while its financial, professional & international insurance segment posted a 4.4% increase in operating income to $647m. Its personal lines segment swung to an operating loss of $332m from income of $440m. With recently introduced rate hikes, Travelers expects improved profitability in 2012.
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| Last Updated ( Thursday, 01 March 2012 ) | |
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