Analytics

When it comes to e-commerce, insurers have made a lot of progress over the past several years. They've equipped their employees with browser-based policy, claims, and customer service applications. They've developed self-service features for policyholders on their Web sites. And they've rolled out real-time transactions-such as quoting, policy issuance and inquiry-to their agents and brokers.But just as the insurance industry is embracing the Internet and increasingly harnessing its ability to improve productivity and operational efficiency, malicious attacks--which can bring down corporate networks and compromise confidential company and customer information--are growing exponentially.

LOUISVILLE, Ky. -- Humana Inc. today announced the filing of applications for five patents in pharmacy and health metrics by its Innovation Center. All five of the patent applications are for Humana's use of innovative information technology applications to engage consumers in health benefits.

EL SEGUNDO--Computer Sciences Corporation today announced the availability of new releases of its life insurance, annuity, property and casualty (P&C) insurance, and reinsurance software components that implement the company's enterprise integration architecture, CSC e4. By using the CSC e4 framework, clients can exploit both the potential of new technologies and the embedded value in their legacy systems.

WESTLAKE VILLAGE, Calif.--A small but growing group of customers are turning to the Internet rather than phone calls or office visits to communicate with their auto insurance provider, according to the J.D. Power and Associates 2004 National Auto Insurance Study released today.

ING has made enhancements to its online services for employer groups. The enhanced services include online reports, online documents, online evidence of insurability and online billing for self-accounting customers.

DAYTON, Ohio-- The Maryland Automobile Insurance Fund (MAIF), created by the Maryland State Legislature to provide insurance coverage for the state's most at-risk drivers, has chosen RiskWise solutions from LexisNexis, an information solution provider, to help screen information provided by applicants and claimants in an effort to proactively identify rate evasion and claims fraud.

GREENVILLE, S.C-- RBC Insurance is providing consumers the ability to acquire life insurance in as little as 15 minutes at its Web site located at www.rbcexpressterm.com.

A lot has been made about insurers' attempt to comply with federal regulations, such as The USA Patriot Act and Sarbanes-Oxley, but lost often in the shuffle are the ongoing state-level regulations with which insurers must contend.

NEEDHAM, Mass.-- North American insurers currently are pursuing global expansion at a pace rivaling that of European insurers' entry into US markets in the early 1990s. TowerGroup finds that more favorable economics, key demographic trends and the gradual dissolution of international barriers to entry underscore the high growth possible for U.S. insurers in key emerging markets.

In the legal profession, attorneys refer to it as the "discovery" process where a legal team embarks upon intensive fact-finding to construct its case.At Bloomington, Ill.-based State Farm Mutual Automobile Insurance Co., there's a variation of the concept that's beginning to take shape. It's all part of State Farm's attempt to optimize cross-selling opportunities within its multi-product line that spans homeowners, life, annuities and mutual funds, to name a few.