Digital Platforms

Small IT hiring sprees set for the first half of 2013 are being bridled with a pocket of idle businesses, and tech positions overall are taking longer to fill, according to a survey by technology and engineering career community, Dice.

Patented technologies to provide data protection, intuitive data presentation capabilities.

At January 1 renewals, marine endures its worst year in recent history, reports Willis Re.

IT and business executives need to apply a risk-management approach that balances economic value against risks.

Robert Benmosche, president and CEO, AIG, will be honored at the June 17 gala dinner in conjunction with the International Insurance Society's 49th Annual Seminar.

Net income for P&C insurers in the United States more than doubled during the first three quarters of 2012, increasing to $31.2 billion from $12.3 billion for the same period last year, as a result of improved underwriting results, according to “U.S. P/C Net Income Improves in 3rd Qtr; Sandy’s Impact Yet to be Realized,” a special report from an A.M. Best Co.

This compilation of the top slideshows of 2012 is based on pageviews and represents the biggest topics and trends from the past 12 months.

Ahead of the upcoming holiday, the National Insurance Crime Bureau analyzed vehicle theft data to determine the 11 most popular holidays for vehicle thefts.

Well ahead of superstorm Sandy’s wrath, private U.S. property/casualty insurers' net income after taxes grew to $27 billion in the first nine-months of 2012 from $8.4 billion in the same nine-months of 2011, with insurers' overall profitability, measured by their annualized rate of return on average policyholders' surplus, climbing to 6.3 percent from 2 percent. This is further validation that the property/casualty industry is prepared to deal with Sandy-related losses.

As insurers evaluate their 2013 risk management programs, they are faced with a growing concern over the long-term effects of cybersecurity attacks.

INN’s top videos list is based on views and contains must-know information from some of the most forward-thinking voices in the industry.

Several insurers across both property/casualty and life insurance sectors received patents in the past weeks for their technology and process innovations.

As the rubble settles along the U.S. Northeastern coastline devastated by superstorm Sandy, insurers are offering initial estimates of its losses. Sandy, a deadly 1,000-mile wide storm that took the lives of 132 people as it swept up the Northeastern seaboard in late October, is expected to cost insurers up to $25 billion in total losses. By these estimates Sandy is being classified as the second-costliest storm after hurricane Katrina in 2005.

As New Year’s Day approaches, the National Transportation Safety Board and AAA show support for all laws requiring ignition interlock devices after first DUI offenses.

According to a new report from Celent, addressing legacy IT environments will become the cost of staying in business.

Auto and property insurer turns to InsuranceSuite to provide rating, underwriting, policy administration, billing and claims management.

Clients in two Midwestern states to use Priority’s quoting, rating and underwriting solution.

Survey of CIOs, IT professionals and business executives reveals that more than a quarter of respondents did not know if their cloud applications were compliant.

Celent report offers insights on the developing market and 15 solutions providers.

Weather-related losses in the United States dominate the insurer’s list of losses.

CEO anticipates a growth period as insurer expects 2012 earnings to double last year's.

Marsh finds rate increases slowing despite losses attributable to Superstorm Sandy.

Ernst & Young’s 2013 outlook offers insights on the business and technology landscape for the P&C industry and proposes responses to stimulate growth.

Life insurer turns to Informatica to help shore up there customer experience infrastructure with improved master data management, enterprise data integration and data quality.

American International Group Inc., the insurer that repaid a U.S. bailout, raised HK$50 billion ($6.45 billion) from the sale of its remaining stake in AIA Group Ltd., pricing shares in the top half of the range. The Asian company’s shares dropped the most in almost five months.

Deferred income annuities will continue their ascension in the life sector, according to a 2013 forecast from the Insured Retirement Institute. The “State of the Industry” report also forecasts financially sound insurers, ongoing product innovation and demographic factors driving consumer demand for retirement income, which will balance economic forces such as low interest rates.

The three software tiers feature improved interoperability with external systems, enabling them to operate seamlessly within an insurer’s enterprise risk management platform.

Genworth study identifies four consumer groups most at risk of being underinsured, recommends annual insurance reviews.

QBE, the second largest force-placed insurer, says reductions could save consumers $98 million.

In the wake of Sandy, a study notes how insurers’ are seeing the benefits of embracing risks related to climate change.

CIO survey reveals the IT skills in highest demand such as database management.

Fitch finds the market’s capital position and surpluses remains strong, projects return to underwriting profitability in 2013.

Panel agrees that actuaries must advocate for the tools by presenting potential return-on-investment and other benefits.

Implementation of the web-based platform from ISCS is already under way, according to the mutual insurer.

The insurer has also been raising prices for some retirement products, and benefits from hedges against low interest rates. Kandarian is seeking to exit banking to limit oversight from the Federal Reserve, which rejected his plan to repurchase shares. A deal to sell deposits to General Electric Co. won approval yesterday from the Office of the Comptroller of the Currency.

RiskIntegrity Solvency II Solution designed to help with calculating, consolidating and reporting on insurance portfolios.

With more incentive and interactive employer education, millennial workers indicate in new survey that they prioritize retirement savings.

Eight predictions surrounding the future of analytics within the enterprise from Tom Davenport, the International Institute for Analytics' director of research.

Strong balance sheet fundamentals and improved liquidity profile contribute to Fitch Ratings’ stable outlook for the sector.

Insurers are caught in a bind when it comes to business growth and preventing insurance fraud, according to a new report from Forrester, titled “Prevent Insurance Crime With The Four Cornerstones Of Better Fraud Management”; growth nowadays—which means emerging technologies such as mobile and social—inherently presents challenges and open doors to fraud risk.

Stagnant fixed income markets make rebuilding balance sheets challenging for life insurers since the credit crisis, Conning finds.

Accenture's life insurance software platform will be employed to help manage 100,000 life insurance policies.

Aite Group asks P&C claims executives for their perceptions of 14 different software and service categories, including claims management system vendors and claims analytics providers.

Gartner cautions that social, mobile, cloud and information are driving new and different business scenarios that insurers ignore at their own peril.

Upon the closing of the most recent transaction of approximately 234.2 million shares, the U.S. Department of the Treasury will have sold the last of its remaining shares and taken a $22.7 billion profit.

New York Life leads life insurers in customer satisfaction; State Farm and Progressive share the top spot among P&C insurers.

While universal life and whole life product lines surge, interest rates and capital requirements hold down lifetime guarantee universal life premiums.

Estimates from the National Insurance Crime Bureau are holding as the firm identifies and removes thousands of damaged vehicles.

In aggregate, commercial insurance prices increased 6 percent during Q3 2012 compared with the same period last year, according to “Commercial Lines Insurance Pricing Survey (CLIPS),” a survey conducted by Towers Watson. This was the seventh consecutive quarter that aggregate prices for all commercial lines rose.

Despite declines from four of the industry’s top life insurance writers, overall life premiums stay relatively flat in the third quarter.

The IT job market grew by 8,700 jobs in November, and has grown by 59,400 jobs over the last 12 months, according to BLS data.

Fitch Ratings expects that revenue and earnings growth for U.S. insurance brokers—specifically Aon, Marsh & McLennan Companies and Willis Group—in 2013 will remain relatively stable.