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Article: Model components: only one insurance carrier executes technology better than all others, but this carrier exists only on paper as a "model carrier." Yet dozens of carriers each have worthy components that belong to the model.(SPECIAL REPORT: TECHNOLOGY)
- Article from:
- Risk & Insurance
- Article date:
- April 15, 2007
- Author:
CopyrightCOPYRIGHT 2007 Axon Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Summary
* Dozens of insurance carriers have a technology component or two to bring to a theoretical "model carrier."
* No one property/casualty carrier has a "monopoly" on technology best practices.
* The perfect carrier exists only as a model on paper, not in reality.
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No insurance carrier executes every aspect of technology flawlessly. Rather, every carrier executes one or two aspects of technology well, sometimes very well.
But if there were a company that executed flawlessly, just what would this "model carrier" look like? It would be a composite of some three dozen carriers, according to a new report ...