Digital Platforms

More than 88 percent of survey IT professionals in a recent survey expect ransomware to increase for the remainder of the year, compared to 66 percent in January.

Last week, we discussed the reality that most IT organizations are making well-intentioned investments, but that their investment portfolio may be out of balance. To read last week’s blog,click here.

The temporary program has been called everything from a “subsidy” and “safety valve for consumers and insurers” to a “taxpayer bailout.”

Pro General will use 4Sight's ad-hoc reporting capabilities, predefined data layouts and capabilities around reports and dashboards to have advanced analytical reporting with detail drill downs.

At the top of the list are pricing challenges stemming from complex pricing models and hidden fees.

On the state-based marketplaces consistency results varied, while in the federal marketplaces 2.6 million of 2.9 million inconsistencies went unresolved.

iWorks Prophet GI is designed to help general and P&C insurers manage risk modeling.

The market generated 653.8 petabytes of new storage capacity shipments during the quarter, which was up 72 percent compared with the same period a year ago.

Organizations’ efforts to go digital—and drive growth through digitization—are picking up steam. But many have more work to do before they can scale their efforts and see material impact.

Sixty-eight percent of respondents feel their companies are actively promoting gender diversity.

Under the proposal, 95 percent of customers who purchased plans through the federal website will be automatically renewed, unless they seek changes.

Half of the executives surveyed in a new report say their organizations have bring-your-own-device programs, and the growth of BYOD raises questions about how often policies should be updated and communicated to employees.

The formation of an El Niño and cooler than normal sea-surface temperatures in the Atlantic Main Development Region could suppress hurricane formation and severity.

Blue Cross & Blue Shield of Illinois, a subsidiary of Health Care Service Corp. and the state’s largest insurer, signed up 92 percent of all 217,500 enrollees between October and mid-April.

Sam Medina begins a 3-part series on Transforming the IT Investment Budget in order to fund new programs and initiatives without the necessity of additional capital expense.

Life insurance in advanced economies will return to growth this year as sales in the United States reverse a contraction, spurring returns for providers.

Bill recognizes some consumers may need or want to buy health insurance off the exchange without having had a special qualifying event.

The state is considering defaulting to HealthCare.gov, even as it pours millions of dollars into a last-ditch attempt to fix its dysfunctional HIX.

All companies are aware of the growing risk of cyberattacks, yet few are taking the steps necessary to protect critical information. The key? Senior managers need to lead.

This growing combination of real-time data collection from remote sources, wireless connectivity and analytics could affect virtually every aspect of insurance.

The increase in time being spent interacting online via social media channels represents one of the greatest new business opportunities of all time. But for the insurance industry, it may represent one its greatest challenges.

By 2015, most mobile applications will synchronize, collect and analyze deep data about users and their social graphs, according to Gartner Inc.

Satisfaction highest among 'Loyal Advice Seekers;' Auto-Owners, State Farm and The Hartford lead the pack, J.D. Power says.

Most had been without coverage for at least two years and 72 percent decided to buy health insurance because of the Affordable Care Act, according to Kaiser Family Foundation.

The new world of metadata is like the old world of metadata except that it has many more data sources – and just like data from packaged software, the business has no control over the data definitions of the new sources.

The applications will be deployed using the company’s SaaS platform.

By unlocking the value of petabytes of patient-specific data, health insurance plans will be able to help members to achieve their health care goals, says presenter at America’s Health Insurance Plans Institute 2014.

Fifty-six percent of health insurers responding to the survey said they will use a single-carrier private HIX as a sales channel for their products before year's end.

Insurers reveal what technology initiatives are on their horizons and what technological challenges keep them up at night.

Global risks remain and insurers still need government backstop, according to Guy Carpenter; reform bill raises trigger for attacks.

A year after the policy began, 31 percent of those 19 to 25 told federal researchers they were in excellent physical health, compared with 27 percent on average from 2002 to 2009.

To overcome challenges, the team set up a war room, permanently staffed by representatives of all entities involved with Healthcare.gov, for real-time decision making.

Despite the challenges, Sebelius said she would rather have a rocky rollout and 8 million signed up than a fully functional website and 4 million enrolled.

Jonathan Kalman, president of Return on Intelligence, offered the following predictions, takeaways and advice at the IASA 2014 Educational Conference and Business Show in Indianapolis last week.

The project included the migration of thousands of policies, representing more than five years of transactional data, to MS SQL.

Advice on some of insurance IT executives' biggest challenges, including data security, cloud computing, and recruiting and retaining talent was offered during a town hall meeting at last week’s IASA conference.

Research suggests many executives lack confidence in the outcome of their data analyses.

According to the NICB, California leads the nation in SUV and CUV thefts; Ford Escape is the most stolen.

To increase market share and increase relevancy, Accenture says insurers must plan for the blurring between the digital and physical world, the rise of crowdsourcing, the advent of the data supply chain and three other trends.

While insurers have spent years and millions of dollars acquiring or replacing information systems, there is a lack alignment between companies’ business and IT organizations, according to a panel at America’s Health Insurance Plans Institute.

Insurers are trying to reverse negative public perceptions that they are only looking out for their own financial bottom lines, says trade association.

For insurers, agent demand and claims efficiencies are contributing to a new sense of urgency to embrace mobile apps.

Accenture says enrollments now are three times greater than estimated last year at this time.

Insured Rating enabled insurer to release its AirCare product.

Broker places bloodstock risk electronically with insurer.

Peter Hancock oversees property/casualty insurance and will be CEO and president as of September 1.

West Bend selects Accenture’s Duck Creek Policy and Duck Creek Billing software to streamline operations and increase flexibility.

On day three at IASA’s 2014 Educational Conference and Business Show, we take a look at why all insurers should care about ORSA, and SMA's Karen Furtado evaluates the billing system market.

Canadian insurer to implement policy admin, billing, claims and customer management.

Tool is designed to enable insurers to transform financial data into actionable insights and analysis for investments.

The application will address PAS, new business, distribution management and group processing.

On day two at IASA’s 2014 Educational Conference and Business Show, insurers discuss what they're doing to inspire new talent, and Novarica's Robert McIsaac identifies the biggest disconnect between IT and the business.