Digital Platforms

The U.S. Centers for Medicare & Medicaid Services hasn’t yet put out final figures on the risk corridor program, S&P said.

The value an insurer can achieve from the powerful combination of a modern policy system and a complete suite of advanced underwriting solutions will far outweigh any effort involved.

The P&C insurer will implement ProcessOne for payments and ContactOne for automated calling and messaging.

The selection is a sign that more large insurers are exploring vendor-provided suites for core systems.

So many systems we view look like they screens were designed by a programmer and, worse, could only be used by a programmer.

Because insurance regulation rests primarily with states, the federal government can’t commit to fully implement international agreements on insurance regulation.

Policyholders can now use their iOS devices in addition to their FitBits to track wellness goals and receive discounts on life insurance premium.

Security, cloud and infrastructure top the list, according to Janco Associates, and recent cyber attacks and data breaches demonstrate the need for continuous reviewed and revision.

Insurer intends to improve internal and external users’ experience with a cloud based implementation, Sapiens said.

Less than 1 percent of the losses are covered by insurance, according to Kinetic’s initial data from the main quake. The estimates exclude costs for immediate needs such as food.

Top 25 insurers ranked; J.D. Power study finds more people are shopping rates, but fewer are switching carriers.

Workers comp insurer intends to automate processes and enhance its capabilities for agent and customer service.

While many aging, generally mainframe-based systems, remain capable of supporting basic policy processing and accounting functions, the costs associated with enhancing them are becoming increasingly problematic.

Industry groups sought legal protections that would encourage information sharing to help prevent increasingly damaging cyber-attacks.

The Munich Re unit has made an investment in Waygum, Inc., a technology startup that is building a mobile app platform for the Industrial Internet of Things.

The Automated Mobile Hail Estimating device uses high-definition cameras to accurately estimate hail damage.

The agreement combines IBM's knowledge of IT security with Swiss Re Corporate Solutions' underwriting experience, the companies said.

Property-and-casualty policy sales fell 2.9 percent in the first quarter, Zurich-based Ace said, driven partly by currency fluctuations and declines in the agriculture business.

Four of five insurers say their underwriting staff are hesitant to adopt predictive analytics because they fear the technology will replace them, according to a Valen Analytics survey.

New research from Novarica highlights areas of concern and offers insights on insurers spending and budgeting decisions.

Drones are one of the latest tools in precision agriculture, in which data is collected by satellites and sensors and analyzed to maximize farm yields.

The computer security industry is eating humble pie at this week's RSA Security Conference in San Francisco. Amid continued cybersecurity break-ins and a growing threat landscape, here are five key IT security and data protection trends emerging at the conference.

The mutual insurer intends to use the InsureRight Predict feature for underwriting purposes.

The National Association of Insurance Commissioners has announced its Principles for Effective Cybersecurity Insurance Regulatory Guidance, which direct insurers, producers, and other players in the insurance ecosystem to to join forces in identifying risks and adopting practical solutions to protect consumers' sensitive information.

The work comp outsourcing specialist also will purchase Vikaran’s development center in India.

As part of a strategic initiative, ClaimCenter is intended to enable Zurich Switzerland to strengthen customer engagement and support omni-channel customer communications.

The insurer is hoping to save money by shrinking its space footprint.

The Federal Reserve would be at the helm of a reorganized regulatory system that eliminates the Office of the Comptroller of the Currency and combines other agencies under the plan released Monday.

The insurer will use the Lytx DriveCam Program, which combines video with predictive analytics, real-time driver feedback and coaching, to reduce injuries and identify and correct driving behaviors that could lead to collisions.

With hurricane season set to start June 1, Citizens is taking advantage of interest rates close to generational lows to bolster its claim-paying ability.

The insurer’s Nationwide Center for Advanced Customer Insights on the Ohio State University campus gives students exposure to real-life insurance data and business challenges.

Bruce Broussard, CEO of the health insurance giant, encourages tech vendors at HIMSS to think of themselves more as partners to health insurance companies.

The kinds of products life insurers will offer will change with digitalization, insurance technology experts said at the 2015 Life Insurance Conference

The implementation was completed in eight months, and leverages FAST’s services-oriented architecture and real-time integration.

The property insurer rolled out the Spex Mobile Property Inspection Platform to help it compete effectively against big insurers.

Progressive’s Dave Pratt explains the motivation to raise rates on riskier drivers, the stats behind its Rate Suckers ad campaign and why he thinks the new approach will sell more usage-based insurance policies.

Progressive’s “mechanics” will help employees quickly create technology solutions to help with claims, understand driving behavior and improve the customer experience.

The potential for severe thunderstorms is on the map for the Midwest through the Atlantic coast, according to the U.S. Storm Prediction Center in Norman, Oklahoma. Hail and high winds have been reported in six states.

Core-administration suite to be deployed via cloud.

The majority of financial services firms offer social media support and training, according to new research from LIMRA, but a shortage of content and lagging response times are still a hindrance.

Following FAA approval, the insurers soon could deploy drones in catastrophe zones and for other, more routine inspections.

Insurers are using technology to track customers and encourage safe behaviors.

The company is collaborating with several colleges in its home region to bring data science talent into the organization in a new way.

Nationwide, MassMutual, and State Farm are among the growing number of large insurance companies working closely with universities to build a pipeline of technology talent.

The insurer is among the first to receive FAA approval, allowing the company to begin testing sUAVs to improve post-catastrophe claims response.

Selling the unit could give Genworth the capital to buy back bonds and lower the company’s debt.

The composite rate for personal products was up 2 percent in Q1 2015; commercial lines were unchanged compared to last year.

We explore the nine U.S. states that reported double-digit rate increases in auto claims in 2014, according to CCC research.

CCC Information Services analyzed claims reports from its customers and identified the states where auto claims fell in 2014.

Research finds millenials are more open to leaving employee sponsored plans and most consumers want help selecting ancillary benefits.

The commercial lines carrier is the latest insurer to start a venture capital fund supporting insurance technology startups.

Lufthansa is facing possible financial claims from the families of victims, which legal experts have estimated at around $350 million.