Digital Platforms

It’s time for insurers of all types to hop on the big data bandwagon or risk getting left behind.

The Evolution of Insurance Telematics

Insurers' 4 Most Promising Tech Initiatives

Consumers can now sign up for health coverage as late as December 23, for policies that would begin January 1.

Lewis was non-executive chairman of Mayfield Village, Ohio- based Progressive, co-founded by his father Joe Lewis in 1937, and was succeeded by Renwick as CEO in 2000

CEO Glenn Renwick is taking on the additional role of chairman after the death of Peter Lewis, who previously led the board.

Partnership designed to offer Willis Re clients analytical capabilities to enable better management of flood accumulations.

Insurers will have eight days, including the Christmas Eve and Christmas Day holidays, to prepare bills for any consumers who signed up on the last day of the newly extended deadline.

The SaaS-delivered software is designed to increase automation and handle all future core administrative needs.

Steps for Insurers to Address the Aging IT Workforce

California, which has now enrolled almost 80,000 people in health plans, is joining New York, Washington, Minnesota, Vermont, Massachusetts and Rhode Island in refusing Obama’s call to ask insurers to extend canceled plans for a year.

A Fortune 500 banking and insurance provider known for its superior customer service realized that they lacked an understanding of how work was being processed in their middle and back-office operations. Learn how they gained visibility of their data into their customer service operations; improved productivity and throughput; realized a 10% improvement and $5 Million in savings in one year.

As insured loss estimates begin to emerge, State Farm, American Family Insurance and others are leveraging technology at the disaster zones to help customers file claims and schedule inspections.

Only three of Moody’s 19 rated companies reported lower operating earnings in Q3 2013 compared to the prior year.

California, Texas and Colorado are at the top of the list due to the number of households, but another state has the highest percentage of households at high or extreme risk from wildfire.

“This meeting has not been discussed in any meaningful way with the entire membership of the NAIC nor have we worked to build consensus among the members on what our positions will be,” six absent state commissioners wrote in a letter.

Swiss Re, the world’s second-largest reinsurer, said in an e-mailed statement today that it will buy a 4.9-percent stake in New China Life for $493 million.

Reform measures do not need to be delayed while attempting to address the affordability of coverage for policyholders, according to the National Association of Mutual Insurance Companies.

"Predict" platform designed to offer better risk selection and pricing visibility to underwriters.

More than a third of the back-end infrastructure still remains to be built in the federally run marketplace, a top IT official from CMS said Tuesday on Capitol Hill.

Direct Auto Writers Continue Market Share Gains

The two confirmed EF-4 tornados that hit Illinois on Sunday also were unusual for occurring so far north, according to an analysis by Risk Management Solutions.

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.