Digital Platforms

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.

Among private auto insurers, GEICO and Liberty Mutual post double-digit increases; among homeowners insurers, direct incurred loss ratios shrink as premiums increase, according to SNL Financial report.

Insurer looks to ForgeRock’s architecture to provide the power, economics and agility required to establish secure access controls for mission-critical applications at scale across any population.

Starr Insurance Holdings Inc., a member of the Starr Cos., has selected PolicyWriter as its policy administration platform for its general casualty, energy, environmental and commercial auto lines of business. PolicyWriter is a product of Adaptik Corp.

American International Group Inc. and Allianz SE are among insurers deemed systemically important by global financial rule makers, meaning they may face tougher capital standards and tighter regulation.

During the Insurance Industry Charitable Foundation’s (IICF) Women in Insurance Global Conference in New York, June 12-14, INN sat down with four leaders at Farmers Insurance to discuss its Women’s Leadership Network. To read about this, click here. At the event the four leaders also touched on mentorship and sponsorship.

Minnesota Department of Commerce finds agents’ dismissal for failing to achieve sales quota violates state laws.

To expand its product offerings, distribution and geographic presence, Nevada General Insurance, a midsize P&C insurer, replaced its Web portal for policy quoting, issuance and endorsements with a packaged solution and integrated it with the policy administration system, enabling agent and direct-to-consumer sales.

Cognizant, a provider of IT, consulting and business process outsourcing services, and XL Group, a global P&C, professional and specialty insurer, announced a mobile-enabled risk-engineering platform for Global Asset Protection Services (GAPS), XL Group’s property loss prevention services business.

The Financial Stability Oversight Council, a group of regulators led by Treasury Secretary Jacob J. Lew, voted to move New York-based MetLife into a third round of evaluation that may label the company systemically important, the insurer said yesterday in a statement. The designation indicates a firm could endanger the financial system if it were to fail.

Ward Group, provider of benchmarking and best practices services to the insurance industry, has announced the 2013 Ward’s 50 top performing life/health insurers. Each Ward's 50 company has passed all safety and consistency screens and achieved superior performance over the five years analyzed. This is the 23rd year Ward Group has conducted the analysis.