Digital Platforms

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.

U.S. pension funds have been key in boosting the global reinsurance market’s capital base and helped reinsurers pay insurer claims arising from major disasters such as 2011’s earthquake in Japan and 2012’s Superstorm Sandy, according to the Casualty Actuarial Society.

Insured Rating designed to enable web access to rating software for the insurer's managing general agents.

Lack of confidence comes from not understanding their company’s exposure to operational, regulatory/compliance or financial risk, according to recent survey results.

FAST's business processing suite designed to include application entry, case management and underwriting software.

Costs behind insuring the renewable energy industry could spike behind a shift to wind energy, according to a new report.

While small employers are scaling back benefits this year—a potential hedge against higher costs expected under the U.S. health care law—WellPoint plans to spend $150 million preparing to sell on the exchanges.

Early second-quarter earnings reports from Travelers, ACE Ltd. and other P&C insurers point to solid results driven by reduced catastrophe losses, favorable reserve development and positive pricing movement, according to Fitch.

IASA, one of the insurance industry's largest trade associations, formally announced today that Beth Mercier of Travelers Companies has been elected to serve as president of the association for the 2013-'14 fiscal year.

As economic growth slows in Brazil, the insurer looks for other opportunities to expand its presence in Latin America.

As fraud prevention technologies become more sophisticated, insurers need to invest at every customer touch point to achieve increased revenue growth, according to new research from Ovum.

Agency and brokerage management system with Internet-access capabilities chosen in an attempt to unite the operations of offices in various geographic locations.

Social media and mobile computing serve as a backdrop for several of Deloitte’s insurance tech trends and opportunities for 2013.

The second quarter of 2013 saw $2.2 billion of non-life catastrophe bonds issued through 14 tranches (representing 10 deals), compared with $2.1 billion issued in the same period last year, with 12 tranches (representing 7 deals), according to Willis Capital Markets & Advisory (WCMA), part of Willis Group Holdings.

New Enterprise 12.2 software includes iPad app and Risk Goggles, which are used to assess the risks and damages of various weather conditions.

Catastrophes costs were $340 million for the second quarter, down from $549 million a year ago.

The insurer selected the fully integrated platform in an effort to improve operational efficiency and keep pace with business growth and demands.

The first quarter of 2013 brought improved underwriting results, according to a new financial report from A.M. Best, which also lists the largest five P&C, personal insurers with their combined ratios.

As investments in data technology rise, so does the urgency to find talent to manage it, which has some in the industry pointing to chief data officers.

Insurers included on the Financial Stability Board's list of global systemically important insurers (G-SIIs) could see a modest improvement in their credit profiles due to the higher risk and capital management standards imposed on them, according to Fitch Ratings.

Management software designed to blend front- and back-office operations.