Digital Platforms

Having passed both the House and Senate, the Terrorism Risk Insurance and National Association of Registered Agents and Brokers acts advance toward Presidential approval.

The legislation, which includes a measure to enact the NARAB Reform Act of 2015, now moves to the U.S. Senate for approval, after it expired on Dec., 31, 2014.

The migration will support the company’s move from general to specialty casualty and is intended to facilitate margin optimization and loss control.

The bill now goes to the Senate for a vote that would send the measure to President Barack Obama to be signed into law.

Independent insurance agents are increasingly vulnerable to digital disruption, according to a new Accenture survey.

Berkshire is already among the largest reinsurers of asbestos and environmental policies.

Reinsurers are seeking to shore up earnings as lower losses from natural disasters and a greater availability of capital weigh on prices.

Claim supervisors face challenges in making time to perform their most important task, according to Towers Watson survey

After Months of rate increases, MarketScout says a softer market will require insurers to plan for slight rate decreases at the end of the first quarter and through the end of the new year.

New platform intended to provide centralized, streamlined and automated processing for more than 30 years of data.

The new directors will help extend the CO-OP’s services and offerings to its members.

Insurer will offer usage-based driving discounts to customers beginning this summer.

Fosun International's purchase of Meadowbrook Insurance provides entry point into U.S. market.

What will the Society for Information Management’s members be reading next year? Here we present the complete list along with a little insight into what you can expect to learn from each book.

INN and Celent recognized the insurance industry’s most innovative solution providers and carriers at our eighth annual awards ceremony in New Orleans.

Congress fails to reauthorize the Terrorism Risk Insurance Act before adjourning for the year, undoing a program for shared public and private compensation for insured losses resulting from acts of terrorism.

It's going to be an interesting year. Here are the top trends that will shape the casualty insurance market in 2015, according to Marsh's US Casualty Practices.

The ruling subjects MetLife to stricter Federal Reserve oversight; the insurer can appeal in U.S. district court within 30 days.

The Chief Analytics Officer (CAO) takes the spotlight; the healthcare industry will leapfrog other sectors in data analytics innovation; and, the Internet of Things makes big data even bigger within the enterprise.

Peter Hahn, head of predictive analytics for Zurich North America, shares his insights on successfully finding, hiring and keeping people with the hottest skills.

The web-based, policy, billing, claims and reinsurance insurance administration system from Maximum Processing is intended to help the insurer improve client offerings, productivity and operational efficiencies.

The cloud has become a significant part of the IT environment at many organizations, as they adopt public, private and hybrid cloud strategies. Here are some of the interesting developments in the area of cloud services during the past year.

New offerings target MGAs, TPAs, workers comp, self-insureds and mutual carriers

IT modernization effort focuses on more adaptive product roll-outs and improved customer experience.

Blind-spot and lane-departure systems are immature, and drivers must still learn how to use them, according to AAA engineering experts.

The insurance industry’s list of cars and trucks that do the best job of keeping owners alive in a crash jumped 82 percent this year against a backdrop of U.S. recalls of older models that were killing their passengers.

Claims solutions from Accenture and Guidewireare deemed best in class for technology, functionality and customer service.

By leveraging a managed SaaS solution, the global insurer gains greater flexibility across both its internal and customer-facing processes.

J.D. Power and RIMS report that large business commercial insurance customers are most satisfied when insurers and brokers deliver on customer service, price and claims.

The near failure in 2008 of American International Group Inc., which required a $182.3 billion bailout, highlighted the risks of insurers.

Minority of consumers and administrators think the system is on the right track.

Insurance Technologies’ ForeSight and FireLight streamline the end-to-end sales process in the office or in the field.

New technology from Vlocity enables Silicon Valley broker to quickly connect a Salesforce front-end to its Vertafore back-end.

The insurer expanded this year to more than $900 billion in assets, passing Goldman Sachs Group Inc. to become the fifth- largest company in the Standard & Poor’s 500 Index on that basis.

Efforts to reauthorize the Terrorism Risk Insurance Act for six years fell apart after Senator Tom Coburn, an Oklahoma Republican who is retiring, held up the legislation.

A new report from technology research and advisory firm Ovum identifies the five key trends, from ongoing differences between employers and employees to increased demand among SMEs for mobility.

Insurity’s integrated policy, billing, claims, reinsurance and enterprise data platform was selected as part of Caterpillar’s core-systems modernization initiative.

P&C Insurer is replacing multiple legacy systems to gain business agility while easing IT burdens.

The Coalition to Insure Against Terrorism warns that if the insurance-industry protection program isn't re-upped, places and events that look enticing to terrorists won't be able to get the insurance they need.

Insurers create special-purpose entities in states with less-restrictive rules and shift customer policies into those units.

House unanimously passed the bill; insurers had lobbied for the change to the 2010 Dodd-Frank financial-regulation overhaul.

The software solutions are intended to help the P&C insurer boost customer service and time to market by streamlining underwriting, policy admin, claims and business intelligence.

Mobility, agility and the Internet of Things are driving enterprises to invest in more efficient and agile approaches to integration, according to research and consulting firm Ovum.

Senate approval would move the measure to President Barack Obama for final approval.

89 percent of executive surveyed by General Electric and Accenture said that companies that do not adopt a big data analytics strategy in the next year risk losing market share and momentum.

Celent finds that U.S. and UK consumers are willing to share data about themselves under the right circumstances.

Celent offers a Digital Insurance Proposition Continuum for benchmarking industry offerings.

SteelHead appliance improves performance of critical, centralized insurance-specific software.

Novarica proposes a seven-point enterprise architecture governance checklist to mitigate risk and keep IT aligned with the business, while still optimizing agility.

Majority Leader Harry Reid, a Nevada Democrat, told reporters today he didn’t expect the insurance plan extension to be part of a must- pass federal spending measure being negotiated this week.

The group of federal magistrate judges in Brooklyn and Central Islip rejected arguments by insurers that disclosure was unfair or burdensome.

Cynosure was founded in response to a growing need for expertise in driving successful platform implementations and modernization initiatives.