Digital Platforms

More Than 150 P&C PAS Purchases Made Since 2010

Insurers Get First Look at ComFrame Field Testing, Capital Requirements

Among the insurers on the list, AIG sees the biggest drop-off from 2011 to 2012; during the same period, Berkshire Hathaway nearly doubled its market share in the sector.

Leadership-capacity constraints are undermining many companies’ efforts. New management structures, roles and divisions of labor can all be part of the solution.

Obama invited the group to meet with him a day after he announced that the administration was altering regulations to permit insurance companies to extend existing policies for an additional year.

Most North American P&C insurers will find IT budgets steady, but core systems replacement and better business/IT alignment are resulting in increased discretionary and extra-budget spending.

Insurers and benefits providers caution that reinstating the plans may not be simple.

Nissan Motor Co. plans to bring affordable, fully autonomous vehicles to market by 2020.

More Agencies Specializing and Increasing Technology Investments

The extension will be available only to those already enrolled in the policies that were canceled for not meeting coverage standards under the health care law.

J.D. Power survey finds improved customer satisfaction scores in nearly every category, with the exception being agent first notice of loss.

Fitch: Florida Law Could Provide Boost for P&C Insurers

Only 26,794 sign-ups were through the federal marketplace serving 36 states.

Representatives from the European Commission, European Parliament and Council of the European Union convene for talks starting in Brussels today that could bring an accord for implementing Solvency II.

Nevertheless, opinions on what, if any, changes should be made to the Terrorism Risk Insurance Act varied greatly.

Insurers Report a 54% Increase in Security ‘Incidents’ in the past 12 months

Everest Re is the first customer to begin implementation of Xuber’s platform for reinsurers.

Berkshire Hathaway Specialty Adds Health Care Risk Management

The state’s economy, particularly the gross state product, relies heavily on its strong insurance sector.

Nautilus will use the Communicate piece of ONE Engagement Cloud to create and collaborate on policy documents.

The insurer is looking to the new system to streamline service, consolidate and standardize systems, and create visibility in the claims process.

The administration had a target of 800,000 sign-ups nationwide for the first two months, and the Congressional Budget Office has projected that 7 million people would enroll through 2014.

As the growing market in Latin America demonstrates, a large, underserved population could benefit from financial protections and offer market opportunities to insurers that innovate around product, distribution and regulation, Celent said.

Over the next three years, the majority of underwriters plan to improve through investments in process automation, according to a new survey.

Death toll in the Philippines may reach 10,000 total and economic impact may reach $14 billion, about $2 billion of which will be insured.

Professional Liability Snapshot designed to predict the risk of liability claims in the long-term care industry using analytics.

As the P&C industry benefits from reserve releases and few catastrophes, insurers with stand out returns include Partner Re and AIG, according to an analyst.

With maximum sustained winds of 195 mph, the Category 5 typhoon that made landfall over the Philippines is likely to be the strongest tropical cyclone to make landfall on record anywhere in the world.

The rules apply to almost all health plans in the nation including new ones sold under the Patient Protection and Affordable Care Act.

According to software provider Quindell Portfolio, CAA South Central Ontario has entered a deal to implement all aspects of a telematics program within eight weeks.

Gartner predicts that the top three most sought-after cloud services will remain email security, Web security services and identity and access management.

GEICO and Progressive stand out, as policies purchased online have more than quadrupled over the past decade.

“There’s no question we wish we had done more testing,” said Joanne Peters, a spokeswoman for the U.S. Health and Human Services Department.

Insurer purchases the two systems in an attempt to improve efficiency, control and automation.

Fitch Ratings says an extension could decrease enrollment, as well as create pricing and logistical implications that could hurt financial results for insurers and hospitals.

Most Americans are uncertain or incorrect about what insurance telematics/UBI programs do and do not track; 37 percent would outright reject pay-as-you-drive insurance.

Commercial, Personal Rates Relax in October. Both lines experienced 1-percent reductions in monthly composite rates, with marginal decreases seen in nearly all segments.

Agent portals, core systems, business intelligence and other technology initiatives are competitive necessities, according to a new report from Novarica.

Catastrophe bond issuance continues to grow. The third quarter of 2013 saw $1.4 billion of non-life catastrophe bond capacity issued, the highest it’s been in 15 years, according to Willis Capital Markets & Advisory.

The Blue Cross and Blue Shield Association has joined forces with the U.S. Office of Personnel Management to offer options in 30 states and the District of Columbia under the Affordable Care Act.

Survey of P&C and life group insurers finds most have multiple legacy systems and low levels of satisfaction.

Predictive analytics offerings for commercial carriers are designed with geographic segmentation capabilities.

The Federal Housing Finance Agency's Edward DeMarco said this is an interim move to reduce prices, while more restrictions are yet to come.

CGI has been paid $104 million, and while no penalties are built into its contract, Kathleen Sebelius, the U.S. Health and Human Services Secretary, said last week that “paying for work that isn’t complete is not something that we will do.”

Toyota Corollas are more than twice as likely to be stolen than any other compact car, according to the National Insurance Crime Bureau.

Upgraded version designed to include catastrophe model blending, as well as improvements to direct catastrophe import and financial capabilities.

AIG, Berkshire Hathaway and four others announce quarterly results.

Large insurers responding to a recent survey were unanimously invested in predictive modeling, but challenges persist.

Data security breaches are both common and costly. While many insurance companies are keeping up with security requirements, it's a battle that keeps escalating.

BNY Mellon/Risk Insurance survey finds more than half of global insurers have insufficient investment collateral; funding costs and operational complexity are on the rise.

Just more than half of executives, in a recent survey, anticipate increased investments in training to reduce the gap, as 35 percent admit they have not invested enough in the past.

What’s Threatening P&C Insurers’ Growth in 2014?