Digital Platforms

Three-quarters of organizations dealt with some sort of data theft last year, according to the Ponemon Institute. Here are some of the reasons why, and tips to prevent them.

The broker will use Instec technology to process homeowners insurance.

CM Vantage Specialty Insurance aims to improve self-sufficiency and customer experience using Sunlight Solution Inc.'s automated software.

Teams that only look at time and budget inevitably end up with a significant backlog of functionality and tech debt that may or may not be funded and addressed.

NewKirk Products issues ID cards for the insurers.

The life insurer aims to make its employees and licensed agents more agile when protecting customer data

The announcement has some similarities with Duck Creek's recent acquisition of Agencyport, Celent says.

Machine learning is the method of choice for developing software for natural language processing, speech recognition, computer vision and robot control, study finds.

The aggregate amount of cloud shift in 2016 is estimated to reach $111 billion, increasing to $216 billion in 2020.

More than 1,000 MetLife employees will be offered positions with CSC, which is taking over a closed block of life and annuity policies.

The reinsurer receives full underwriting, claims, accounting, and reporting capabilities, courtesy of StoneRiver, Inc.

At least 25 reports were allegedly altered, according to the complaint.

With its wireless business slowing, Verizon is pursuing new sources of growth, such as connected-device subscriptions, video streaming and mobile-workforce management.

More than 170 adjusters will receive iPad Pros and iPhone 6s loaded with the Claims Adjust app.

The World Economic Forum has identified blockchain technology as one of six computing “ mega-trends” shaping society in the coming decade.

Not all carriers are completely ready to lock in to a cloud-based service model in which core systems’ computing resources are shared and maintained on the Internet.

The policy directive covers any cyber incident, establishes lead federal agencies to coordinate responses, and requires the departments of Justice and Homeland Security to maintain updated contact information for public use to report incidents.

The new AMsuite platform will support American Modern's refreshed suite of personal lines products.

Carriers will continue to invest in managing and analyzing both structured and unstructured data from telematics, wearables and weather, Celent predicts.

Gartner earlier this month released its latest IT spending forecast. While overall global IT expenditures are projected to be flat this year, software was a bright spot.

With the acquisition, the health insurance technology provider expands its services into the group benefits market.

Significant strides in file encryption technology is a main driver of growth in the ransomware business, study finds.

Other concerns for insurers include how to allocate liability when accidents occur and driver safety on roads, Munich Re notes.

The agreement fuels recent trends of vendor M&A activity in the industry, as insurtech providers align themselves to create better market position.

Having a vision statement and defining the future state of each business process can greatly aid insurer's core replacement efforts.

The UK insurer expands its current relationship with the vendor, having already deployed Guidewire for billing.

With the move, the insurer expects to improve its rating and electronic archiving capabilities.

Automation of certain processes was cited as a driver in the selection.

The supercomputers model environmental data, including measurements from satellites, weather balloons, and oceanographic observations.

Health payers are taking multi-pronged approaches to make the inevitable transition to value-based care, including the expansion of their data & analytics capabilities.

John Yao takes over tech responsibility at the workers' compensation carrier.

Those who identify possible security threats will get cash awards depending on the severity of the vulnerability and the scope of the those affected.

The workers' comp insurer will also deploy Oceanwide's agent portal, per the agreement.

Insurance carriers face threats from physical events, risks tied to liability and “transition risk" from adjusting to a lower-carbon economy, new study finds.

The reinsurer is leveraging Mortality Assessment Technology, generally used in life insurance, to the reinsurance market.

The P&C insurer adds to its initial implementation of Guidewire ClaimCenter in 2010.

Take a look at some of the certifications that are paying off for IT pros.

U.S. regulators plan to require banks to adopt baseline safeguards to shield themselves from cyberthreats after a series of assaults cost the industry billions of dollars and shook consumer confidence.

McKinsey identifies innovators developing blockchain-based solutions to help insurers onboard customers, detect fraud, and more.

The vendor will manage Atlas' end-to-end billing process using its Billing Decision platform.

The London-based insurer will deploy TigerRisk Partners' analytics capabilities as it enters the property reinsurance business.

Legacy systems are not a Y2K problem – there’s no ticking time bomb.

The company's goal is to offer more payment options, handle higher volume workflows, and enhance billing operations by streamlining and automating processes, it says.

Insurers and their technology solution providers know that the claims process is one of the most important and impactful experiences a claimant has with their respective insurance company. Statistics show that from the First Notice of Loss (FNOL) until the claim is closed, policyholders who have suffered a loss can feel vulnerable, frustrated, and even angry if the claim is not handled properly and to the claimant’s satisfaction. Unfortunately, over the years, this aspect of the insurer/policyholder relationship has likewise negatively impacted the industry, and [P&C] insurers continue to fight forward to be considered an expert and a trusted advisor.

Casey Decker will manage all of FBL's IT efforts and its affiliated insurance companies.

The results go against several recent studies showing as many as half to three-quarters of respondents weren’t ready to give up the wheel.

The cost of a data breach is going up, and quick responses can save savvy organizations.

The Munich Re unit went with Guidewire for a full revamp.

General Atlantic joins TA Associates and Genstar Capital as investors in the company, continuing a recent industry trend.

The app aids property owners in building stronger homes to protect against severe weather and natural disasters.

The company has been an active player in insurance technology M&A.

The P&C insurer selected Guidewire ClaimCenter as its new claims platform.