Digital Platforms

The Hartford, Allianz Life, State Auto and five others released their third quarter results.

Bloomberg’s list of the top 50 civically active companies included four insurers overall.

A new report from Ovum cuts down claims that cloud technology will be the death of the enterprise data center—especially with legacy systems in play.

In anticipation of being deemed a systemically important financial institution, AIG looks to unload.

Insurer picks up Cover-All software that is designed to accommodate the functionality of an array of commercial lines.

While profitability challenges persist in the sector, improvements are seen in net premiums written and underwriting results.

Recently upgraded analytics and underwriting software designed to enable proactive pricing and real-time policy evaluations.

Consulting services are designed to allow clients to maximize the value of their catastrophe modeling investment.

Laureates will be selected from among 5 candidates, including AIG's Robert Benmosche and Principal's J. Barry Griswell.

In the third quarter of 2012, there were 59 deals that closed, which is just one more than during the previous three months, and a total deal value of $20.5 billion.

Policy administration software to become a major component of Crum & Forster's rating and policy processing systems.

Tuesday’s election has signaled the beginning of several possible changes to the P&C industry, including new faces in oversight committees and an expanding role for the Federal Insurance Office.

The sale would be at a “substantial discount” to the unit’s book value of 2.4 billion pounds ($3.8 billion) at the end of June, Chief Financial Officer Pat Regan told reporters on a conference call today as the company posted a 5 percent decline in nine-month sales. The division, the third-biggest fixed annuity provider in the U.S., may fetch more than $1 billion, people with knowledge of the matter said in September.

According to a new report from Novarica, insurers are investing with customer retention and reducing expenses as their primary goals.

Insurer purchases iGO to power the sales process in its preneed and final expense markets.

NAMIC’s Jimi Grande says P&C insurers should expect more decisive action surrounding the Federal Insurance Office and Terrorism Risk Insurance Act over the next four years.

Hospitals, physician practices and health insurers breathed a sigh of relief on Election Night as President Barak Obama’s re-election signaled that his administration’s signature legislation—the health reform law—will remain the law of the land and provide some financial clarity for health care stakeholders.

International insurer reportedly plans to sell foreign units in Hong Kong, Thailand, Malaysia and China as well.

Enterprise broker management platform designed for scalability to help integrate operations across the insurer's large network.

Reluctant insurers must press forward accordingly as they now have nine days to advise the federal government how they plan to manage state-run exchanges.

Ensuring a high renewal rate is seen as top priority in preparing for the long-sought hardened market.

The United Educators Insurance president and CEO receives the award for her commitment to education and support of the missions of The Griffith Foundation and the Property Casualty Insurers Association of America.

Moratorium established ahead of second storm expected to hit New York on Wednesday.

U.S. adds 6,600 IT jobs; August report revised with better numbers as well.

AIG, Berkshire Hathaway and 6 others released their third-quarter results.

Varied estimates shouldn’t pose much of a threat to reinsurers who have enjoyed a relatively catastrophe-free 2012 thus far.

Young drivers see particularly sharp cuts as prices take the biggest hit in more than 5 years.

The property/casualty industry has historically been regulated at the state level, but insurers have a lot on the line in the Presidential election next week.

Research from Aberdeen Group is starting to indicate exceptional growth trends among early big data adopters.

ClaimCenter designed to support The Guarantee Company’s goal of increasing effectiveness, efficiency of claims management operations.

Analysts rank “pricing strategy” and “quality of service” as the industry’s top value drivers over the next three years, named by 95 percent and 94 percent of the respondents, respectively, ahead of “data analysis capabilities” (86 percent).

CEO Liam McGee is working to free up capital and reduce risk as stock market volatility remains a threat.

The Insured Retirement Institute (IRI) released new research indicating that during the past year, nearly 30 percent of baby boomers stopped contributing to a retirement plan, and 16 percent prematurely withdrew funds from a retirement plan. The recession and slow recovery are pointed to as the primary barrier preventing baby boomers from adequately saving for retirement.

Project managers need to remember that moving to a paperless environment is about changing how people work, how they rely on information and how they access it.

The governors of the three states hit hardest by Sandy have declared that homeowners in their states will not have to pay hurricane deductibles on insurance claims stemming from damage caused by the storm.

The clock is ticking, and insured losses are rising, as crews take to the most heavily hit regions to assess infrastructure damage and reconnect power to millions.

Attendees were immediately challenged at LIMRA's annual conference with a question: Is the industry headed toward the abyss?

Funding for IT projects to help insurers become more customer-centric is largely unavailable.

AIR Worldwide, catastrophe modeling firm, estimates that insured losses from Sandy to onshore U.S. properties will be between $7 billion and $15 billion.

Software to boost multichannel marketing and spur customer segmentation.

It’s no surprise that insurers are using social media to help define, build and integrate their brands against the myriad platforms available to them, and some are clearly farther along the path than others. This was made evident yesterday at LIMRA’s 2012 annual conference in Chicago, where MassMutual shared with attendees nuances of its sophisticated and successful social media plan.

Initial economic damage estimated at $10 billion, or comparable to Hurricane Irene.

INN will continually update this page with coverage of Superstorm Sandy and its impact on the insurance industry.

Auto-Owners, Amica and Erie Insurance lead the pack in overall satisfaction, according to J.D. Power study. Fairness, ability to manage expectations and communicating the progress of a claim most important.

Analysts speculate the storm’s lasting impact on the industry, national economy.

Novarica Research Council Impact Award Nominee of the Day: Allstate Financial enabled producers and customers to legally bind an electronic signature to a life insurance application via the internet.

National Hurricane Center’s latest advisory indicates Hurricane Sandy will strike close to midnight; CoreLogic lists the 25 NYC area zip codes at risk of the most property damage.

CNA, Everest RE and others released their third-quarter results.

Insurance proves to be the worst-performing industry in several markets today as Hurricane Sandy damages loom.

Sun Life Financial Inc., Canada’s third-largest insurer, is seeking a buyer for a U.S. annuities business that may fetch more than $1 billion, said people with knowledge of the matter.

While still waiting for the storm's highest point of impact, insurers announce assistance information.

Novarica Research Council Impact Award Nominee of the Day: Through a pair of CSR-focused projects, PEMCO Mutual Insurance Company created a customer-centric perspective that has led to better customer service and improved sales opportunities.