Analytics

Staying connected while away from the office is taking on increasing importance to insurers, according to a new survey. Conducted in September by technology solution provider FirstBest Systems Inc. as part of Market Scout Entrepreneurial Insurance Symposium in Dallas, the survey queried 67 respondents from the carrier/MGA/MGU area, 94 percent of whom primarily represented commercial lines and 46 respondents from the agent/broker area, 90 percent or so representing commercial lines.

Insurance software vendor Ebix, serving payers in multiple industries, has acquired HealthConnect Systems, a vendor of online insurance exchange software. Terms were not disclosed.

Turnstile aims to expedite processing time for carriers receiving submissions from independent agents.

Vendor claims its new platform can sharply reduce the data security risks of insurers.

According to a new study from Strategy Meets Action, social media has become a nearly universal practice among insurers (nine percent reported not having a social media strategy or initiative planned), however, very few are beyond the basics of posting and monitoring.

MIT Sloan and IBM survey points to organizational differences as main factor in competitive advantage with data.

There can be, if insurers become fully aware of the ways to secure data.

Independence Blue Cross is in the process of testing a wireless-enabled fitness device and apps that can be used to support wellness, the Philadelphia-based insurer reports.

Insurers believe creative disruption has value, and they want their share.

Private equity firm Genstar Capital acquires policy administration software unit.