Best’s Review White Paper Examines Innovation in Personal Lines Insurance

OLDWICK, N.J.--(BUSINESS WIRE)-- Best's Review Magazine has released a new interactive white paper on the trends driving innovation, the approaches they have taken to put new techniques to work, and how insurers can leverage new capabilities to stay ahead of the competition. Out of the box thinking, innovative new technologies, greater access to consumer data, and sophisticated analytical capabilities are giving some personal lines insurers a competitive edge, despite a difficult underwriting market and tight investment climate. It is based on the webinar "Innovation in Personal Lines," sponsored by Earnix and IBM Puresystems.

View the interactive white paper at http://www.bestreview.com/whitepapers/personallines12.html.

Panelists for this webinar included:

• Alan Bauer, former President, Progressive Direct and a renowned insurance innovator. During Bauer’s more than five years as head of Progressive’s direct business, premium grew by more than 20% per annum to over $4 billion. Under his leadership, Progressive was the first to sell auto insurance over the Internet, as well as a pioneer in offering online tools for self-service options.
• Meryl Golden, General Manager North America Operations, Earnix. Golden has more than 25 years of management experience with leading U.S. property & casualty insurers. Working for Liberty Mutual and Progressive, she had direct P&L responsibility for over $1billion in direct written premiums.
• Paul Y. Mang, Partner, Razor's Edge Consulting, a professional advisory firm specializing in property/casualty insurance and a managing director at Avarie Capital. Most recently, Mang was a partner at McKinsey & Company and a long-time leader in their insurance practice.
• Steve McKay, Chief Executive Officer, DriveFactor, which measures highly predictive variables and provides tracking and driver analytics that help insurers implement usage based insurance (UBI).

The interactive white paper on financial institutions is available at http://www.bestreview.com/whitepapers/personallines12.html.

To view the complete webinar playback, please visit http://www.bestreview.com/webinars/personallines12

New A.M. Best webinars featuring insurance industry leaders and exploring industry trends and developments are always being added to the event schedule. To view a complete schedule and register for upcoming webinars, visit http://www.ambest.com/conferences/webinars.html.

To learn about future webinar sponsorship opportunities, call (908) 439-2200, ext. 5399, or e-mail [email protected]. For more information about upcoming webinars or to request a copy of a webinar video, please call (908) 439-2200, ext. 5561, or e-mail [email protected].

Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2012 by A.M. Best Company, Inc.ALL RIGHTS RESERVED.

A.M. Best Company, Inc.
Lee McDonald, 908-439-2200, ext. 5561
Group Vice President, Communications
[email protected]

Source: A.M. Best Company, Inc.