Digital Platforms

While the overall number of big data initiatives is still relatively small, the majority are centered on modeling, according to a new Novarica report.

Despite catastrophe losses of $20 billion in the first half of this year, reinsurance market rates on line (ROLs) continue to be driven by an influx of capital from third-party investors at the July 1 renewals, according to a report from Guy Carpenter & Co. LLC, a global risk and reinsurance specialist.

Wynsure system also designed to deliver self-service functions for producers, employers, employees and employee benefits administrators.

Main goal of consultative service will be to create personalized plans for improving financial and operational efficiency, as well as a strategic road map.

Sector adds 9,900 jobs, the most since January; Janco survey finds healthcare IT sector continues to be a bright spot.

By reducing client onboarding time by half, this specialty insurer enabled itself to bid more competitively for new business and free up IT capacity.

On the whole, both commercial and personal lines saw rate growth accelerate last month.

While AIG is embracing its designation, Prudential is committed to convincing the FSOC that if it were to fail, the economic ramifications would not be great.

The council now has 30 days to schedule a hearing, according to the insurer.

Several industry analysts provide advice for establishing effective data practices in a new white paper from Xuber.

Delaying the health insurance employer mandate mostly affects employers, experts say; health insurers continue to focus on exchanges.

The White House on the evening of July 2, in a blog posting from Valerie Jarrett, senior advisor to the President, announced it will suspend for one year reporting requirements in 2014 for larger employers to demonstrate compliance with a mandate to offer employees health insurance coverage, and not enforce financial penalties for larger employers that fail to comply until 2015, one year later than authorized in the Affordable Care Act.

The largest U.S. life insurer is proposing an alternative to the Fed that it feels is more appropriate for insurers deemed systemically important financial institutions.

Insurance QuickPass designed to digitize insurance policies in an app for drivers.

Allstate, Lincoln National and 14 others receive updates.

Business management and accounting solution designed to manage RSA’s Group Reinsurance portfolio.

Increasingly sophisticated user expectations drive tech market, Celent says, as insurers look for ways to differentiate commoditized products.

Declining U.S. property rates and reinsurers' desire to maintain their market positions is spilling over into other classes, according to a report from Willis Re.

Financial service firms plan to increase IT operational budgets by a modest 2.1 percent this year, while about 45 percent are increasing headcount, according to a Computer Economics IT study.

Progressive has been licensing UBI intellectual property since December 2012.

Maximizing IT’s value requires realistic expectations and transparency, as well as planning and decision making that are aligned with business goals, according to PwC.

The specialty insurer can now use location parameters, policy type, limits and other attributes to deliver rich, contact-sensitive information to underwriters.

Talon designed to help the reinsurer target and price new markets.

Agent and consumer portals, business intelligence and core systems revamps are top priorities, as personal lines insurers concentrate on growth, expense reduction and improving underwriting results, Novarica says.

Berkshire to pay $285 million for variable annuities business, as The Hartford continues to divest in an attempt to focus on property/casualty operations.

Since the option to buy commercial insurance materialized online, the segment has become more open to the new channel as it prioritizes price and convenience, according to Novarica research.

Aite Group research recommends smaller insurers leverage new technologies to eliminate disadvantages of scale; describes opportunities to cut losses and 10 startups offering applications to address those opportunities.

New data from the National Insurance Crime Bureau ranks the 15 places in the United States with the most vehicle thefts.

P&C impairments see significant drop from the 34 reported for 2011; however, auto writers and risk retention groups continued to struggle, according to recent A.M. Best report.

State Farm, AAA and Allstate also included in the top 100 of Temkin's 2013 Trust Ratings.

Florida Commission certifies AIR’s latest models for residential and commercial residential properties in the state.

New York Senator calls for FEMA to penalize insurers leaving the region.

Net gains reflect premium growth, increases in reserve releases and a decline in weather-related catastrophe losses, according to ISO data.

Workers' compensation has been the worst-performing segment among major commercial lines for some time, the rating agency says, but is set to improve over the remainder of the year.

Customers are much more likely to stay with an insurer through a price change if they are notified of it and given an explanation in advance, according to a new study from J.D. Power and Associates.

Insurer seeks more configurability, direct access with new payroll and talent management software.

Sixty percent of large U.S. insurers currently offer discounts through telematics programs.

The fallout surrounding the U.S. criminal probe of his company dampens Ebix Chairman and CEO Robin Raina's recent hot streak.

Workers' comp carrier seeks to improve risk selection, pricing accuracy with predictive modeling component of InsureRight.

Insured losses from the last two months for the insurer reach nearly $550 million.

Annual survey from Guy Carpenter finds use of direct reinsurers and intermediaries increased; top challenge for insurers is maintaining rate levels.

Ratings, underwriting, policy administration, claims and billing platforms included in purchase of InsuranceSuite.

INN also announces the launch of its Women in Insurance Leadership microsite and a new monthly program highlighting female leaders in the insurance industry.

PURE, a personal lines insurer, created a pre-fill capability for auto insurance quoting by integrating external data with its existing policy administration solution, which enabled the company to streamline the application process and improve cross-sell with homeowners.

Surveys from Towers Watson and IIS describe global insurance executives’ concerns and find much consistency across nations.

The insurer's vice chairman responds directly to a regulator's claim that insurers use captives to alleviate capital requirements.

iGATE aims to improve operational efficiencies with new policy administration system.

Advancing women to the top may be a journey, but how to do so is no longer a mystery. New research points to four principles that can help just about any company.

LifeApply designed to provide flexibility to respond to carrier’s business needs.

Mandates to conserve fuel, curb emissions and increase service levels are driving adoption, according to ABI Research.

As businesses set out to use more analytics to interact with consumers across an average of 3.6 channels, data quality becomes increasingly important, according to a recent report.

Every month INN will talk to a leader about her leadership style, challenges she faces as a woman in insurance and how she overcomes them. Deadline to submit - July 10th