Digital Platforms

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.

Updated models designed to include multiple price volatility catalogs and the ability to modify industry premiums by adjusting default values.

The Federal Bureau of Investigation has reportedly asked company executives about the wiring of funds to operations in locations such as India, Sweden and Singapore.

Calling an insurance agent or broker is one of the least attractive options for getting information about health insurance plans, according to new survey results from Forrester.

Celent warns of a dramatic shift in the technology that group-enrollment insurers use to gain consumers’ attention and interact with them.

Insurer looks to replace legacy claims management system, implement enterprise data mastery technology.

The individual annuity market continues to be hyper-competitive, with technology playing an ever-larger role in insurers’ ability to attract, retain, and profitably serve clients, according to a new market trends report from Novarica, titled “Business and Technology Trends: Individual Annuity.”

Composite rates for P&C, personal lines and other individual categories decline in the absence of CAT events

The VP of underwriting for the commercial insurers shares her thoughts on being a woman in insurance, challenges leaders face and how to encourage creative thinking.

The United States added 11,000 IT jobs in July; insurance added 2,700, according to BLS data.

Improving product development and reducing dependence on legacy systems are some of the reasons L/H/A insurers now are pulling the trigger on policy administration projects, according to a new report from Novarica.

Insurance aggregation platform looks to Informatica Cloud to accelerate process automation.

Allstate and CNA report net income increases; MetLife profits plummet from derivatives losses; two other insurers announce results.

Specialty insurer makes purchase in an attempt to improve claims results by supplementing its auto direct repair program.

The vast majority of financial institutions do not believe their data technology is very effective, according to a global risk survey from Deloitte.

Most other regions declined, as did the Marsh Risk Management Global Insurance Index, Marsh said.

AIG and Principal are making moves to limit their proprietary trading and investments, attempting to appease regulators just as MetLife, The Hartford and Allstate have done before them.

The technology, legal framework and customer expectations have reached a point where carriers need to implement e-signature capabilities, according to Novarica.

By a wide margin, California led in luxury car thefts from 2009 to 2012, according to the National Insurance Crime Bureau.

Steven Zabel, former SVP of long-term care insurance, CFO of insurance products and SVP of audit for Genworth, will oversee Unum's enterprise risk management program.

The number of legacy systems in the P&C space continues to decrease. However, the overall success rate of the replacement projects remains relatively low, according to a recent SMA report.

Application intended to automate policy-, billing- and claims-administration functions for auto insurer.

The midsize specialty insurer built a unified agent portal that also serves its underwriters.