Digital Platforms

Professionals agree that predictive modeling has changed the way policies are priced, but what other potential does it have and where does this leave actuaries?

A new report from Celent offers an updated regulatory roadmap and guidance for a systems assessment.

In conjunction with the company’s 20th anniversary, Vertafore recently announced three updates to its ImageRight software. The product enhancements include a new user interface and an added emphasis on collaboration and interoperability.

Encrypting, educating and purchasing cyber-liability insurance are just a few recommendations from ID Experts.

Several announcements this week culminate with the release of Mobile Application Management software.

Alliance to enable deductibles and real-time tracking and monitoring for Chubb customers.

Carrier's implementation of broker connectivity solution from iter8 expands an eight-year partnership between the two companies.

Claims Stream and Customer Stream products are designed to enable web-based, automated operations.

Chairman Jon Ansell and Beth Godlin, CEO, to lead new Fusion Co.

Despite indications that the segment has reached a cyclical bottom, 2011 combined ratio of 117 percent is the worst of any commercial lines segment.

Mobile and microfinance are just two of the technologies transforming financial services, according to recent report.

The market has been driven to a place where insurance-linked securitizations work from a pricing perspective, say experts at a recent S&P conference.

The scholarships were awarded in four categories: Certified Insurance Counselors, Certified Insurance Service Representatives, Certified Risk Managers and Certified School Risk Managers.

Allianz Life, Aviva USA and New York Life are the top three contributors to the increase.

Investment accounting providers see 445-percent growth in insurance clients; CEO credits SaaS approach.

Prices for all standard commercial insurance lines rose for the fifth consecutive quarter, with commercial lines increasing 5 percent in aggregate, according Towers Watson’s “Commercial Lines Insurance Pricing Survey” (CLIPS), which compared the Q1 2012 prices of policies with those of the same period last year.

With a median salary of $49,700 to $51,000, these professionals are in demand by financial services organizations—including insurance—according to finance and accounting staffing firm.

Penalty settles allegations AIG wrongfully tried to avoid paying state residual market assessments and taxes.

Comparatively light catastrophe activity since the beginning of 2012 has strengthened balance sheets for reinsurers, increased already plentiful capacity and moderated pricing trends, according to a briefing from Guy Carpenter, a provider of risk and reinsurance intermediary services.

MiAgents iPad application is designed to enable OMI's agents to spend more time in the field gathering intelligence, which is then analyzed through the app for actionable intelligence.

The year-end figure is comprised of redundancies in personal lines, commercial property and commercial liability, offset by deficiencies in workers' compensation and financial guaranty.

Exigen Insurance Solutions, a provider of core solutions, introduced at this week’s IASA conference an International Business Insurance product designed to give insurers operating in global markets greater product flexibility and agility.

Industry-wide first quarter annuity sales reached $53.1 billion, which is down about 2.5 percent from $54.5 billion the previous quarter, according to the Insured Retirement Institute.

A new report from Novarica anticipates a widening analytics gap between large and mid-sized insurers.

The MarketScout report for May outlines upward adjustments for both personal and commercial lines.

A dynamic atmosphere prevailed at an IASA technology session as insurers debated the challenges and possibilities of innovation.

Students from St. John's University, University of Wisconsin, University of Central Arkansas, East Carolina University and five other schools were named recipients of the 3rd annual program.

Aite Group Senior Analyst Stephen Applebaum outlines the many social media initiatives insurers are embarking upon from this year's IASA conference in San Diego.

CloudProtect designed to reimburse losses due to the failures of cloud service providers.

Illustration Integrator is designed to provide Southern Farm Bureau’s agents illustrations with iGO e-App to deliver a unified selling experience, according to iPipeline. Agents will leverage their existing e-signature solution, in a combined signing process, for the illustration and e-application along with e-submission.

Continued slow economic growth places a new priority on servicing distribution channels and improving service to agents, according to a new report.

Allstate, Esurance, GEICO and Travelers perform well in J.D. Power insurance website shopper satisfaction study.

Aragon Research forecasts extinction for most paper documents.

Four other insurers also recognized for making their content accessible and understandable to consumers.

Jackson to pay $621 million in cash for SRLC America Holding Corp.

Non-traditional and non-insurance activities and interconnectedness categories to weigh more in determining global systemically important insurers.

For employers, HRI says the net impact of the 2012 increase could be as low as 5.5 percent after accounting for changes in benefit design by purchasers. For health insurers, the decrease in spending and costs may be an opportunity to recoup expenses from the decreasing margins of previous years.

Celent, Novarica and Strategy Meets Action garner top spots in 2nd annual insurance technology analyst survey.

Valen’s predictive analytics product designed to enable underwriters to score policies on two fronts.

With one day left until National Flood Insurance Program expires, the U.S. House of Representatives passed a 60-day extension last night, acting quickly on the Senate’s approval of the measure last Friday.

While many companies have invested in financial reporting systems, much of the investment has been ad hoc, leading to ineffective solutions and a lack of visibility, quality and confidence in financial data, new report states.

Onboard connectivity monitors and communicates mileage to insurer.

The survey, entitled “Big Data – Extracting Value from Digital Landfills” consisted of more than 400 responses to an AIIM member survey conducted in March and April. Less than 10 percent reported that it is already an “essential capability” for business and about 15 percent expect that it will be essential. On the flip side, nearly 15 percent reported they weren’t really aware of what big data is yet and about 20 percent were merely more than curious about its potential. As far as data analysis, reporting and BI across structured data sets, only 4 percent are developing advanced analytics and big data tools, while most still opt for spreadsheets and ad hoc reports (30 percent) and reports in individual business systems (29 percent).

Fannie Mae hopes to banish banks from any involvement in the purchase of force-placed insurance under a plan to lower the cost of the product, according to a copy of a request for proposals obtained by American Banker.

While income plunges, balance sheets remain strong due to growth in net premiums earned and increases in net premiums written.

Research reveals the best practices found for teleworking among technology- and insurance-related professions.

A recent report outlines how improving prices and environmental conditions will ease the burden of catastrophe coverage this year.

Justin Kern

Study from Prudential and CFO finds majority of executives are looking to move to employee-choice models for benefits.

Insurance branch aims for quicker product launch and broader distribution channels with software purchase.

U.S. House of Representatives expected to take up legislation next week, when they return from holiday recess.

Consultancy provides a forum for chief risk officers to discuss trending practices and hot-button issues in risk management.