Digital Platforms

A new report from Novarica outlines significant internal and external costs behind the average P&C PAS project, but the speed-to-market improvements may be worth it.

Banking industry exec discusses the issue’s force-placed furor, the industry's response and possible areas of compromise.

Indonesian earthquake latest reminder to insurers of property catastrophe exposure.

“Insurers on the West Coast are keeping headcounts low, and many are preparing a set off layoffs in the next month,” Janco CEO Victor Janulaitis told Insurance Networking News. “The IT job markets in Chicago and Boston are doing reasonably well and Dallas is picking up, but overall it’s not where it used to be four years ago.”

Insurance group aims to mitigate regulatory risks across specialty P&C, annuity and supplemental health insurance businesses.

Convenience, life triggers shape buying habits, reports LIMRA.

As insurers attempt to recoup losses from a costly 2011, global property insurance rates rise in the first quarter of 2012, Marsh reports.

Asia, including China and India, is spearheading the trend, covering roughly 80 percent of this emerging market.

There was this tremendous downturn in the stock market in 2008, and here we are four years later but confidence has not been restored. There’s lots of opportunity for insurers to solve the things that seniors are worried about.

Bailed-out insurer upgraded based on the likelihood of regaining independence from the U.S. government.

Research finds splintered group of younger Millennials exhibiting different values on several subjects, including a strong sense of entitlement.

A Gartner survey of IT leaders in North America reported that 81 percent felt that customer retention is extremely important to them with customer acquisition ranking number five out of 10 and expanding relationships with existing customers rating number six out of 10.

Specialty risk management provider adding 50 jobs to what is already its largest location.

“The Customer, Google and UK Car Insurance: Lessons from Evolving Customer Search Behavior” reveals that price comparison tools increase the premium across all insurers. “They make the insurance product about price rather than best fit for the client’s needs,” said report co-author and Celent Analyst Craig Beattie.

To remain relevant in an era of flat budgets and growing business demands, Ken McGee's second-day keynote at Gartners’s Business Intelligence Summit in Los Angeles called for a “CIO manifesto” in order for chief information officers to match the quality of business-initiated projects to the work of IT.

John Paulson enters reinsurance game provided with $500 million of start-up capitalization.

Insurance Institute for Business & Home Safety agrees with Presidential Policy Directive designed to facilitate an integrated, national effort to mitigate risks.

Specialty insurer to automate legal expense management operations over the course of the three-year contract.

The fifth annual index found that 24 percent of respondents tried to resolve their property/casualty insurance issues online before calling their insurers directly compared to 21 percent for health insurance.

Can insurers try to leverage social data to open up a new market? If so, would that affect the value of that data for claims/underwriting purposes?

Company will pay out a total of $10.6 million to four states for unlicensed activities.

Workers unaware of their health risks and the potential financial impact of those risks, says Aflac report. Six out of 10 workers said it’s not very or not at all likely they or a family member will be diagnosed with a serious illness such as cancer.

As many no-fault states look into changing the laws, Fitch finds that large auto policy underwriters such as State Farm, Progressive and Allstate have reported weaker underwriting results in some of these states.

The Financial Stability Oversight Council can begin the three-stage process of designating firms as systemically important financial institutions.

Specialty trucking insurer aims to shore up claims process by improving its iPhone app.

Amica takes top spot in customer satisfaction rankings as the reputation of U.S. P&C insurers rises in the wake of catastrophe-ridden 2011.

Allianz will still own about five percent of the company, worth approximately $464 million.

While retirement concerns grow, insurers are still struggling to assist with better planning for those concerns.

More than half of all financial advisors increased their recommendations of variable annuities since the credit crisis.

Bailed-out insurer American International Group is looking at the possibility of purchasing whole loans as another investment vehicle, leveraging the growing market share of its mortgage insurance business, the company's chief executive said in an interview with the Financial Times.

Heath insurer, broker report separate shakeups at the executive level.

The results of a Mozy survey indicate that 85 percent of SMBs do not use remote, automatic online backup. Of those that do perform backups, the most prevalent methods are those that can most easily be lost, stolen, deleted or destroyed

Companies to bring data, audit services to help life insurers minimize risk.

Brian Duperreault has been named chairman of the Federal Advisory Committee on Insurance, the advisory panel to the Federal Insurance Office.

As technological, environmental and economic risks assail insurers from all sides, a renewed focus on the process of risk management is required.

Looking beyond ROI and hard benefits, insurers are turning to Web 2.0 concepts to invigorate internal operations.

Cost containment firm will provide a Medicare-based re-pricing program for out-of-network claims management.

While deal value of 2011 insurance M&A transactions in the United States increased 43 percent to $12.9 billion from $9 billion in 2010, insurers are still plagued with low valuations, according to a new PwC study.

Investment firm also halts sales of new life insurance policies and retirement plans pending the resolution of the uncertainty surrounding these businesses.

Market researcher predicts unit shipments of PCs, media tablets and smartphone revenues and sales will surpass 1.1 billion this year

Nearly three-fourths of marketing execs surveyed are confident that new laws will help their firms regain clients' trust.

While a U.S. company can generate up to $382 million in three years if it improves customer experience, insurers need only tweak their sales process from quote to comfort to see an increase in revenue, according to a Temkin study.

Division to reflect company’s growth in crime analytics and market potential in this area.

Regional carrier turns to CSC for package of claims solutions: RISKMASTER, Vendor Solutions Suite and 2Work for Adjusters.

2011 brought record-setting figures and increases in transactions across all sectors in the United States

Natural disasters cost the global economy a record $370 billion in 2011, with losses for the insurance industry the second largest ever, according to Swiss Re.

Big Data, changing economy and growing populations outside of the United States are driving insurers’ strategies in 2012.

After posting its worst-ever quarterly profit slump, the world's biggest life insurer by market value announces plans to complete the issuance of $6 billion of subordinated debt this year.

Insurance smart box leverages cloud storage and online portals to monitor driver behavior.

An employee benefits lawyer for Proskauer, who attended Tuesday's Supreme Court proceedings, answers questions regarding the oral arguments and week ahead.

At Novarica’s 2012 Research Council meeting, new technology trends emerge from insights provided by insurance executives.

Link between Obama’s health insurance mandate and market reforms are critical, says Karen Ignagni of America's Health Insurance Plans.