Digital Platforms

Reinsurance Industry and Social Media: An Oxymoron?

Willis Re says some reinsurers are starting to reposition themselves after run of natural catastrophes.

Carrier launches disaster microsite to help its commercial lines customers prepare for hurricane season.

Business Intelligence Tools – Going Global

Tropical Storm Arlene brings heavy rains, threat of mudslides, to Mexico.

British drivers participating in a survey would rather purchase a policy online versus over the phone or through a broker.

Brits Confident in Insurance Purchases Online

Worldwide, public cloud services are growing four times the rate of overall IT spending, notes Gartner.

With home prices still depressed and the FHA's grip on the market for low-down payment loans still firm, mortgage insurers are stuck in the same rut they were a year and a half ago.

Microsoft Moves Office to the Cloud

J.D. Power research also finds unbundled customers happier with insurance offerings.

Chubb Introduces Service to Aid in Data Breach Recovery

With a focus on growth rather than simple cost-cutting, insurance CIOs are trying to deeply change the mix of capabilities, knowledge and assets within their organizations.

Model intended to help insurers quantify the risk of wind and related flood loss in China and Hong Kong

If we collectively suffer from a bad rap, it's because our industry lacks a community of leaders that can act as an organized front—a cohesive voice that can rebrand insurance as a prominent and respected force in financial services.

Study estimates insurers will manage 50 times more data and 75 times more files in next decade.

Economic conditions lead middle-income baby boomers to reevaluate plans, with more women than men saying income now inadequate to pursue retirement.

Actuaries propose metrics as regulators here and abroad work to determine which companies pose a systemic risk.

A rapidly growing focus on “in-app purchasing” will help insurers better engage their mobile customers.

Questionable claims rose 23% from 2008 to 2010; California, Florida, Texas, New York and Michigan generated 49% of those.

While mutual fund companies in general are not embracing mobile technologies to the degree that banks, credit cards and self-directed brokerages are TIAA-CREF and Vanguard stand out in terms of offering research and trades via mobile devices, according to Corporate Insight.

Insurers will benefit from “better, cheaper, faster” initiatives tied to hosted services by taking a thoughtful, common sense approach.

J.D. Power and Associates: Kaiser ranks highest in employer satisfaction among fully insured commercial health plans; UnitedHealthcare ranks highest among self-insured commercial health plans.

As information sources continue to grow, Gartner report outlines three topics for matching technology with business interest.

Industry applauds as Roy Woodall is nominated to serve as voting member on board formulating rules regarding systemic risk.

Nearly 60% of Americans aged 50 and older worry about long-term care costs and don’t feel confident that they’ll be able to meet those costs; only 16% feel financially prepared to finance their long-term care, according to Sun Life Financial survey.

IT and business disciplines divided at universities, contributing to shortage of rounded knowledge workers, study finds.

Insurers testify that long-term reauthorization of NFIP is vital.

The bottom line message for insurers and others in IT is to better manage cost controls, customers and efficiencies in supply chains help to meet business needs.

manager job descriptions altering from traditional infrastructure focus to being business agile and innovative, says new study.

The Netezza release is specifically meant to tackle growing data sets from regulatory and compliance requirements in industries such as banking, insurance, health care and communications.

Allstate Files Million-Dollar Insurance Fraud Case in New York

The big economic question of the day has major implications for sellers of annuities.

Low market valuations of insurance, high levels of caution drivers behind lack of consolidation

More than 250 African American financial professionals at all stages of their careers, representing financial companies from across the United States, are expected to attend.

At IIS seminar, attendees express confidence in their ability to make use of growing sets of data and penetrate new markets.

At IIS seminar, attendees express confidence in their ability to make use of growing sets of data and penetrate new markets.

Sales of motor scooters jumped almost 50% for the first three months of 2011.

Discoverture Solutions to implement homeowners, commercial lines products.

Financial literacy program key to attracting talent to insurance industry.

Net losses on underwriting grew to $4.5 billion in first-quarter 2011, contributing to the quarter’s net income drop to $7.8 billion

In light of growing cyber attacks against insurers and others, companies need to better defend their network perimeter, and resiliently produce swift recovery if an attack occurs.

Commercial mortgage loans held by life insurers in Fitch's universe posted actual realized losses of $1.36 billion in 2010, below Fitch's expectations of up to $3 billion in losses.

At International Insurance Society seminar, insurers, regulators and academics consider how best to balance the rules under which the industry operates.

The call for a national standard for when and how banks, insurers and financial services companies must notify customers of a data breach beefs up penalties for cyber crimes by synchronizing them with other laws, such as the Racketeering Influenced and Corrupt Organizations Act.

Despite witnessing firsthand the anxiety and apprehension that many of their Baby Boomer parents are now enduring as they close in on retirement, the overwhelming majority of Gen-Xers are still not adequately preparing themselves for their own eventual retirement.

Designed for insurance carriers and broker/dealers selling annuity products, the service features analysis by product, carrier, distributor, agent and investor.

Health insurers overall received a low grade on the American Medical Association’s (AMA) / most recent “National Health Insurer Report Card” (NHIRC). Commercial health insurers have an average claims-processing error rate of 19.3 percent, an increase of two percent compared last year, according to the findings. The increase in overall inaccuracy represents an extra 3.6 million in erroneous claims payments compared to last year, and added an estimated $1.5 billion in unnecessary administrative costs to the health system, AMA says. The AMA estimates that eliminating health insurer claim payment errors would save $17 billion.

The Patient Protection and Affordable Care Act is creating an immediate jobs crisis in our communities, notes Michigan Congressman.

The number of lightning claims is down, but the average cost per claim rose 13% from 2009; expensive electronics may be culprit.

The insurer reports "mailing error" sent member name, insurance number, diagnoses codes and descriptions, procedure code and description, prescription name and provider names to wrong addresses.

Survey reveals that U.S. insurers have more confidence than their non-insurance counterparts when strengthening competitive position through mergers and acquisitions.