Digital Platforms

Trōv partners with several insurance brokers to push its mobile app, which aims to keep insurers informed about the changing values of insured items.

Specialty insurer invests in P&C-specific, SaaS technology to supplement plans for expansion.

As life expectancy continues to grow, consumers are seeking out guaranteed retirement income to help mitigate longevity risk.

The EveryMove 100 Health Insurance Index is intended to help consumers differentiate between health insurers based on more than just price and government-mandated minimum features.

Industry organizations assert their support for the Terrorism Risk Insurance Act at the National Association of Insurance Commissioners' Summer National Meeting.

Insurers that want to remain competitive and profitable must make the commitment to becoming truly customer-centric, according to a recent study, and there are initial factors to consider.

InsureRight platform features designed to provide underwriters, managers and executives with access to pricing and risk analysis.

Reinsurance capacity depresses prices and earnings; brokers report $45 billion in additional capacity, A.M. Best said.

Despite lower satisfaction with more complex Superstorm Sandy claims continuing to be reported, overall satisfaction remains stable, according to J.D. Power.

Only 10 percent of top marketing and IT executives believe collaboration between their corporate functions is sufficient, according to a new survey.

A new report from Strategy Meets Action outlines current challenges and opportunities that should be top-of-mind for technologists and software providers.

Severe storms and tornadoes in the United States pale by comparison to the $18 billion in economic losses resulting from June floods in Germany.

Severe storms and tornadoes in the United States pale by comparison to the $18 billion in economic losses resulting from June floods in Germany.

Online form collects the data of a potential consumer, which is routed to a home office interviewer to complete the process.

While consumers are finding UBI programs easier to use, nearly half of are uncomfortable with sharing driving data, according to a LexisNexis survey.

Great American, PURE and two others take home awards for best practices in insurance industry IT initiatives and strategy.

Compared to 2012, however, four fewer insurers were included in Temkin’s top 100.

In an effort to integrate with the Federally Facilitated Marketplace, insurer selects Benefitfocus to build a private insurance exchange for both group and individual market segments.

As part of a larger strategy to modernize operational systems, the insurer migrates commercial auto and liability to Instec’s Quicksolver, which is now in production and running on Microsoft’s Windows Azure cloud platform.

Larger insurers are more likely to use price optimization to increase profitability, and half use segmented demand models; most smaller insurers assume rate changes won’t impact customer demand.

LifeSuite designed to enable the automation of straight-through underwriting processing with a Web-based system.

Industry-wide second-quarter results indicate a recovery, as every product line shows increased sales compared to the anomalous first-quarter results, according to LIMRA.

Low inflation and interest rates, as well as static cost drivers, have helped stabilize claim costs; workers’ comp and product liability among weakest segments.

Vehicle thefts are projected to increase 1.3 percent year-over-year, breaking an eight-year run of declines, according to the National Insurance Crime Bureau.

Materials on the site include a health care reform communications toolkit that provides employers with resources to help them meet their October 1 deadline.

Looming tax increases drove more deals last year, according to Optis report; now sellers are deferring as inventory declines in an effort to recoup some of the tax increases.

The Beaver Creek fire has consumed more than 100,000 acres and remains only 9 percent contained.

Workers' comp insurer looks to increase customer satisfaction, by offering more communications options, and operational efficiencies through platform standardization.

A new platform that enables improved collaboration, integration and data capturing is yielding impressive results after initial implementation.

Zurich Insurance said operating profit declined 18 percent after floods in central Europe in May and June cost about $140 million.

The Union of Concerned Scientists issue a list of suggested revisions in light of increasing costs and risks.

Luis Chapana hired in an effort to expand the firm's Latin American coverage.

CEOs and other senior executives are increasingly engaged as their companies step up efforts to build digital enterprises.

Aetna has dropped plans to offer health policies through the insurance exchanges in Ohio and its home state of Connecticut, the company revealed last week.

Federal officials now will allow some insurers to wait until 2015 to comply with the consumer protection.

Because CIOs are positioned at the nexus of the information flowing into and out of the company, the rise of big data provides them with a unique opportunity to demonstrate their strategic importance, according to Ernst & Young.

Specialty insurer to consolidate underwriting, policy administration, rating and billing in an attempt to improve scalability and lower expenses.

With inland marine and commercial output lines live, insurer says it will expand its use of the application.

Banks and insurers are to be treated equally when it comes to resolving systemically important financial institutions.

Despite a drop in net income, which was partially caused by faltering underwriting incomes, captives’ surplus grew by $1.39 billion.

Owners of captive insurance companies tightened margins and used capital more efficiently in 2012, according to a new A.M. Best financials report on the industry. Over the longer term, the five-year combined ratio for the captive composite of 92.3 compares extremely favorably with the commercial casualty composite of 103.3.

OneClaim was created, implemented and launched in just 10 months, saving the P&C insurer a projected $108 million in the first year.

Version 14 of RQE includes updates to financial and country/peril models, workflow and integration.

Less than half of respondents indicate that their organization has a plan for making use of the health data that’s available to them, according to a survey of CIOs and other C-level executives.

Among the areas to be covered are the historical use of data to solve business problems, data presentation and visualization, avoiding biases and how to structure a research program.

Allianz Life looks to improve its customer service and product development with new core system.

Adoption numbers are up from 18 months ago, and users are reporting up to an hour and a half saved per day, according to a recent survey.

Expectations of extreme activity scaled back slightly, however

The auto insurer is searching for a way to convince more drivers to try its telematics technology.

Celent reports that interest in mobile apps, especially those for tablets, is fueled by the desire to lower front-office costs and facilitate customer interactions.

Over the course of three years, Aegis Insurance, a midsize mutual specialty commercial insurer, completed an overhaul of its legacy core systems. The result is a 50-percent reduction in the average time it takes to process a transaction, a 70-percent improvement in quoting and an 80-percent improvement in renewal processing.

While vendors are optimistic about revenue growth over the next few years, a new report from Aite Group urges them to do a better job of aligning with P&C carrier needs.