Digital Platforms

Carriers have increasingly heard that ease-of-doing-business and technology are the deciding factors for agents when selecting insurers with which to work, but new research shows that unless carriers have a solid product at a competitive price, all the talk is meaningless.

Insurers watch as the bill to create a consumer protection agency, as approved last week, gave almost all authority directly to the agency's director.

OakBridge Insurance Services announces new offices in California and Minnesota, as well as two new hires.

The U.S. Government Accountability Office tells federal agencies what property/casualty insurers and reinsurers have been warning for months: Prepare for climate change effects.

The Hartford and the Connecticut Attorney General reach a settlement stemming from ongoing litigation against Guy Carpenter for orchestrating a series of alleged conspiracies with dozens of reinsurers that illegally inflated costs for insurers and consumers.

White House says it stands by health care reform legislation drafted by Senate Majority Leader Reid.

In a busy 2009, AIR Worldwide has modeled the risk profile for eight securities in North America and Europe, providing cover for such perils as tropical cyclones, earthquakes, extra-tropical cyclones, severe thunderstorms and wildfires.

State insurance office publishes pay-as-you-drive policies for insurers.

Firms says cloud computing and advanced analytics will be top investment priorities in 2010.

Reinsurers may reduce writings as a result, warns Towers Perrin

Tropics Software Technologies will support FWCJUA with agency and policy administration systems and support.

Top executives will have compensation slashed under new rules.

Efforts to amend the McCarran-Ferguson Act are now a top priority for Democratic leaders in the House and Senate.

Its release coincides with moves by the Treasury Department to impose pay curbs at companies that have received exceptional government assistance.

Insurers fearing the regulatory reach of a new consumer protection agency can breathe a sigh of relief.

The solution suite, delivered via Software-as-a-Service, includes iDashboards, Scorecards and iControl.

It's important that insurers take a strategic approach that enables them to get their SOA right the first time.

As insurers begin publishing third-quarter financials, analysts are finally shelving their questions about the industry’s financial stability.

Critics also worry the benefit needs of 78 million baby boomers would fall short under such a plan.

Insurers may need to alter operating models and product offerings to better service baby boomers.

While unclear whether AIG is a target, the Treasury Department will focus on the 25 best-paid execs that received federal bailout funds.

The House Judiciary Committee has passed H.R. 3596, The Health Insurance Industry Antitrust Enforcement Act of 2009 by a margin of 20-9.

Though awash in controversy, regulators and analysts say the troubled asset relief program helped avert disaster.

The solution, NexJ Contact for Finance, is expected to be rolled out to Wells Fargo Advisors’ entire population of advisors and support staff across all distribution channels.

Using banks as a distribution channel may be a way for life insurers to tap into the middle-income market.

The product, intended for U.S. life and annuity enterprises, combines CSC's insurance data model with Towers Perrin's consulting experience and financial modeling software.

What would BI apps look like if they weren't designed around the constraints of relational databases?

Anant Bhalla is responsible for corporate finance, corporate insurance, treasury operations, liquidity management, enterprise risk and capital management, economic capital and pricing oversight.

Philadelphia Business Journal acknowledges the IPM solutions provider as one of Philadelphia’s Best Places to Work and One of the Largest Software Developers.

The alliance fuses MajescoMastek's STG Suite with FirstBest UMS to help insurance carriers improve agent and underwriter efficiencies.

With the goal of promoting financial stability among financially interdependent institutions, the partners will study the need and optimal design of a systemic risk regulator.

A survey from LowerMyBills.com reveals that consumers shopping for auto insurance seek lower premiums, but many don’t know how to do so.

Conseco receives a boost from ratings agencies but Michigan Blues slide.

In weekly address, President says Congress should review McCarran-Ferguson Act.

Innovation Group, a global provider of enterprise software and business process outsourcing solutions to the property and casualty insurance industry, announced that super regional insurance carrier The Main Street America Group has completed its rollout of Innovation Group’s Innovation Auto offering. Already in production with Innovation Group’s FNOL solution, Main Street America has successfully deployed Innovation Auto throughout all of its regions.

House bill would regulate OTC derivatives marketplace

After five years of ownership, MasterCard plans to divest the insurance research firm to Corporate Executive Board Co.

Economic conditions do not seem to play a role in industry’s projected increases for 2010, which are identical to 2009.

Reports indicate that revenue support is not going to come from a hardening market.

Insurance groups squabble during senate hearings on the repeal of the McCarran Ferguson Act.

New York Life, Conseco, Assured Guaranty and five other insurers see activity from various rating agencies.

Insurers are betting on DWD laws that will prohibit drivers from using cell phones while driving, but a new study says that while laws may not matter, technology might.

A recent Celent report examines insurance technology trends, including cloud computing, which the firm says has confused the industry.

Life insurer triumphs in class action suit brought over marketing materials.

Fed pay czar is reportedly reviewing reductions in AIG “retention payments,” as well as executive compensation packages.

AHIP continues to maintain that the bill, as passed, would represent billions of dollars in new health care taxes and provides incentives for people to purchase insurance only after they become ill.

Insurers watch for ramifications of today's panel vote that will likely pass a bill designed to strengthen regulation of derivatives and then act on legislation to create a consumer protection agency.

With implementation, the marketplace will have a single set of data communication standards designed to create cost-effective delivery mechanisms and improve the products and services for policyholders.

Sen. Snowe joins Democrats to pass America's Healthy Future Act.

Insurers must encrypt or mask sensitive data that leaves production environments regardless of its destination.

The company agrees to sell its 98% stake in Nan Shan Life Insurance Co. Ltd. to an investor group led by Hong Kong's Primus Financial.

Senators exchange barbs as finance committee debates Baucus bill.