Digital Platforms

Ernst & Young survey finds insurers hindered by technology and culture; 70 percent spend less than 10 percent of business and development budgets on digital.

Companies will create a joint technology and product roadmap designed to leverage the SAP HANA platform and SAS analytics capabilities.

The current market pricing reflects low investment yields and a rational use of capital; more than half of CFO respondents to Towers Watson survey said the hardening likely would continue for a year or two.

National Business Coalition on Health names top performing health plans overall and in a number of categories, including consumer engagement, provider management and plan profile.

For the first time since 2007, the U.S. property/casualty industry has been profitable through June 30.

Insurer says Microsoft Office 365 to offset challenges to a global workforce and company presence.

Ted Vandenberg, director of claims analytics and business intelligence for Farmers Insurance, says opportunities for analytics will be limited until practitioners are better integrated into the corporate hierarchy.

2013 has been a breakthrough year for innovation in insurance, according to a recent report, and marketing isn’t the only area showing results.

The insurer has opted against filing a lawsuit seeking to overturn its status as a systemically important financial institution.

Company launches initiative encouraging students to pursue careers in science, technology, engineering and math.

The AVP - Administrative and Financial Systems shares how she encourages creative thinking and the biggest challenge technology leaders face today.

As a result of errors in the systems, insurers have had to hire temporary workers and address duplicate enrollments, according to new reports.

Covered California, the state's health insurance exchange, reported a dip in online visitors and call volume in its second week of operation, but broker certification is advancing.

(Bloomberg) -- UnitedHealth Group Inc., the biggest U.S. health insurer, reported third-quarter sales below analysts’ expectations while declining to raise its profit projections, driving shares down the most in two years.

The New York State Department of Financial Services’ recent statements calling out other state regulators and the National Association of Insurance Commissioners could adversely affect life insurer ratings, according to Fitch.

Version 6.1 is designed to provide benefits for users in Asia and in pension segment.

Businesses need to carefully understand the role of identification in transaction risk management, according to a new report from Constellation Research.

Michael Diekmann posits that forcing insurers to keep more capital on-hand will lead to greater M&A activity as mutuals struggle to meet requirements.

In a new report, Willis predicts rate activity for several lines and COO Eric Joost discusses how big data and a new influx of capital could affect the industry.

Despite the sluggish economy recovery and low interest rates, life insurers maintain high levels of capitalization, solid liquidity, high-quality investment portfolios, good financial flexibility and profitability, according to Moody’s.

Insurer looks to unify its three policy administration systems and improve operational efficiency with new platform.

InsuranceSuite purchased as new platform for rating, underwriting, policy administration, claims management and billing as insurer looks to expand.

In response to a changing market, European insurers continue to adjust product offerings, adapt reinsurance purchasing and alter their distribution channel strategies, according to recent reports.

A prospective deal is expected to include about $5 billion in insurance assets.

Part of the reform measures place limits on the cost of force-placed flood insurance bought by banks.

CoreLogic report finds the number of acres and buildings damaged by wildfires is increasing, even as the total number of fires declines.

Transparency could have many effects, including competitive intelligence and, as a result, aggressive pricing.

With less than three months until 2014 and Congress’ hands full elsewhere, insurers, particularly workers’ comp and commercial casualty insurers, should be devising plans to handle added terrorism risk exposure.

New platform to be implemented for medical malpractice policy administration, rating, quoting, underwriting and policy lifecycle management.

Incorrect information from the Centers for Medicare and Medicaid Services led to the decision, insurer said.

McKinsey’s prediction that the local independent agencies are declining glosses over important distinctions between business models and value propositions, says agency association’s CEO.

During the quarter ended September 30, insurance underwriters announced or completed 20 deals, vs. 35 in the year-ago quarter with no single transaction exceeding $1 billion, according to SNL Financial data.

The services and solution are intended to automate and streamline the insurer’s administrative processes on New York’s exchange.

New version of Financial Crime Risk Management platform is designed to support automated generation of suspicious activity reports.

Third-quarter net income decreased to $232.4 million, or 39 cents a share, from $277 million, or 46 cents, a year earlier.

Underwriters continue to view merger objection claims and regulatory investigations as top concerns.

An influx of alternative capital is driving down property rates, according to Willis Group Holdings; many commercial casualty lines of business likely to experience rate increases.

We live our lives immersed in technology, and over time, we’ve come to think that anyone can do this sort of thing. But IT is hard.

Late next year, the International Association of Insurance Supervisors will implement capital rules for the insurers deemed systemically important, currently including MetLife, Prudential, Axa, AIG and Allianz.

New policy administration system deployed for initial two lines, whole and term life, in a multi-phase process.

Wolters Kluwer’s annual list of compliance issues for both P&C and life/health insurers highlight the difficulty of keeping up with regulatory changes for claims, underwriting and distribution processes.

Insurers are receiving files from the exchanges that they are unable to open, or that are missing too much data to process.

Some medium-sized, publicly-traded insurers are encountering operational challenges and could be sold, restructured or placed into run off, according to MarketScout.

After four years at sub-book value, underwriting fundamentals have improved and support higher valuations, Conning said. However, a return to higher historical valuations remains unlikely.

Auto and homeowners premiums primary drivers, according to MarketScout analysis.

With a newly launched platform, sales representatives are able to adopt social-selling techniques, ultimately focusing more on sales productivity and less on compliance requirements.

Program for complex health care claims designed to unite underwriting capabilities with preferred medical professionals and health care advisors.

New division aims to alleviate growing environmental and climate risks through an increased focus on analytics and data science.

Most states have four or more participating plans, according to Avalere Health.

Willis Re gives the storm a 26-percent chance of becoming a hurricane by the time it hits land Saturday night or Sunday morning.

Thirteen consecutive quarters of growth for the P&C sector marks the longest continuous stretch in nearly a decade.

The federally run exchange received 4.7 million unique visits in its first 24 hours, the U.S. Department of Health and Human Services said. A federal call center received more than 190,000 calls as well.