Digital Platforms

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.

State Farm sends mobile units to meet with evacuees.

Set of predictive models designed to separate major perils, aggregate by-peril expected losses to an all perils combined basis; more than a dozen insurers are participating in pilot tests to evaluate the environmental module.

USAA, Securian Financial highlight annual ranking.

Insurer expects to streamline policy administration, enhance underwriting accuracy and efficiency, and provide automated, real-time billing.

Planning and IT business alignment central to success, survey results suggest.

Respondents fear new GAAP statutory principle-based framework will increase volatility of financial results.

Aon study reveals 4% increase in the average long-term liability claim size.

While traditional channels are still heavily used for communications, communicating electronically is now critical for insurers.

Premium sales of individual life combination products jumped 62% in 2010, reaching $1.2 billion.

The company says the unique transaction-based financial model provides participating plans with a more direct and cost-effective route to consumers than individual brokers.

Electronic fulfillment solution to manage forms processing electronically.

Models forecast slightly above-average season, as report identifies $300 billion of U.S. residential properties at risk of storm surge.

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

Increasing competition, slow economy and rapidly changing technology present biggest challenges, Aon study reveals.

Group will focus on continuing the development of the new ACORD Workers' Compensation Reporting XML Standard.

New survey indicates waning trust in insurers among Americans.

Hampton Roads Bankshares Inc. is looking to sell Gateway Bank Mortgage Inc. and Gateway Insurance Services Inc.

State Auto, Travelers and XL Group announce expected losses, ranging from $50 million to $1 billion.

Employee Retention a Challenge for P&C Reinsurance Depts.

SOA Expands into Enterprise Developer Area

Teen Drivers Play the Blame Game

New study urges regulators to consider carriers’ financial health as dissimilar to banks when it comes to global system risk regulation.

AIG UGI Asia, First American Title, Prudential Financial, State Auto, State Farm and others receive updates.

Insurer Expects $240-$290 Million in Cat Losses for April/May

Workers’ compensation lines are the sole bright spot, according to latest pricing survey by Towers Watson.

Banks' Life Insurance Sales Plunge in First Quarter

The nation's seven mortgage insurance firms wrote $13.6B of new policies in the first quarter, a 30% gain from the same period last year.

Genworth Sells Medicare Supplement Business to Aetna for $290 Million

System uses investment information to feed performance tools for calculating performance rates of return at multiple levels.

Solution for claims, underwriting processes to help manage incoming documents.

Scientists and the insurance industry are wise to ponder the potential impact of climate change.

Workforce Analytics Drives Business Outcomes