Digital Platforms

National Indemnity Co. rapidly launches Fiserv’s Advance Billing solution.

Under the new organization, MajescoMastek has formed two divisions focused on meeting the specific needs of insurance carriers.

Congress holds hearing on the regulation of long-term care insurance.

A new study reveals that fewer than 50% of large enterprises rate their tools as “good” in maintaining high performance of applications on their corporate networks.

While insurers’ policy admin systems may have all the functionality they need right now, Celent warns that it might not be able to scale to support their business in the future.

The Japanese carrier is paying approximately $4.7 billion to acquire the Pennsylvania-based commercial property/casualty insurer.

A new report says sovereign wealth funds may target insurers for investment.

Architecture challenges and performance concerns are hampering life insurers’ adoption of software as a service for their policy administration systems.

The P&C insurer is launching a new Web site to educate its distribution network.

The Chicago-based insurer issued a client bulletin to provide healthcare managers with risk management guidance on responding to serious medical errors.

The effort to reform agent licensing passes subcommittee.

A report from the Government Accountability Office paints a grim picture of the national flood insurance program.

Insurers are implementing strategies—that include technology—to identify, classify, protect and manage sensitive information.

Travelers, Nationwide, The Big I and The Council are fostering a comprehensive, private-market approach to improve the affordability and availability of coastal wind storm insurance for homeowners.

A new study says that ill effects of mergers and acquisitions, such as executive turnover, can last a decade.

A CPCU, Fitzgerald brings commercial lines experience to the Celent lineup of analysts.

Two-thirds of early adopters say governance is lacking, yet is the key to success.

Stamford, Conn.-based professional services firm Towers Perrin is looking for data submissions for its 2008 Directors and Officers (D&O) Liability Survey, which chronicles D&O liability insurance purchasing trends.

According to a Wausau Insurance-sponsored survey, a U.S. economic recession isn't believed to ramp up the number of workers' compensation claims.

New research from Conning Research and Consulting says the property/casualty industry should be able to withstand the current price deterioration affecting insurers.

Insurance Information Act Presses On The controversial effort to establish a federal insurance advisory clears a legislative hurdle.

Expanded Role for RRGs Elicits Concern Insurers raise hackles as the Increasing Insurance Coverage Options for Consumers Act moves out of committee.

Celent: Insurers Can Improve the State Filing Process Insurers take action to improve their state filing process, and technology is a key contributor.

Ward Cites Top Performers in P&C, Life/Health Carriers recognized for balancing technology deployment, expense management and customer service.

The action was taken in response to emerging concerns expressed by state regulators and The Securities & Insurance Licensing Association (SILA) advisory board members regarding the potential for conflict of interest between Kaplan and SILA.

Smart Business Expands Life Actuarial Practice SMART Business Advisory and Consulting LLC assumed the clients and personnel of Aon’s Insurance Consulting Services.

Insurance companies need to steel themselves for changes as merger and acquisition activity accelerates. Morphing Vendor Landscape Challenge to Insurers

As complex pricing and product attributes add to insurers’ mounting pressures to execute on news products, is technology or better business processes the answer?

Of the top 10 tornado-prone areas, RiskMeter's technology model identifies five from Florida.

CSC and LOMA extend relationship to jointly promote insurance/financial services education in region.

Common reference model for straight-through processing provides a framework for implementation of standards to streamline annuity processing.

The National Conference of Insurance Legislators is looking to derail the establishment of a federal insurance office.

The legislation would offer local governments grants to enhance building codes.

In his new position, Scott Stephenson will be responsible for ISO’s subsidiaries focused on decision analytics, and will continue to oversee ISO’s Business Development and Enterprise Data Management units.

While P&C insurers believe that billing has an impact on customer satisfaction and retention, little is being done to improve the systems and processes.

Considering a policy administration system replacement? Be prepared to make your case, then settle in for the long haul, says researcher.

A new study finds enterprise risk management (ERM) is being taking seriously in boardrooms, but is still is underutilized across the enterprise.

As Fiserv Inc. shifts its focus to its core banking and payments businesses, Fiserv Insurance Solutions has backing for significant product development.

The National Insurance Crime Bureau’s VINCheck Web site is designed to enable consumers to check vehicles for reports of severe damage, flood or theft.

COMMERCIAL FIRE RISK PROBABILITY MODEL

IBM UNVEILS SOA-POWERED INSURANCE OPS

JEVCO INSURANCE GOES LIVE WITH POINT-OF-SALE PORTAL

According to recent survey results, many insurers recognize the need to better integrate IT risk management with overall risk management programs and processes.

P&C insurers turn to geographic information systems (GIS) to augment computer-based catastrophe models, help mitigate weather-related losses.

In order to put more digital technology to use for patients, healthcare providers must work together and share electronic health records and resources, a Geisinger Health System expert says.

The insurer is using Insurance Decisions for policy administration, claims management, billing, data warehousing, reporting and business intelligence.

Aon's RiskConsole offers a new environmental module that provides organizations with the ability to effectively manage the multi-faceted environmental due diligence process.

The law would stiffen punishment for securities law violations targeting senior citizens.

Dubai — Chicago-based Aon Risk Services is opening a new mergers and acquisitions service for private equity, sovereign funds, business-to-business, real estate and infrastructure funds based in the Middle East and North Africa (MENA) region.

Boston — As the hurricane season begins, statistics and research indicate catastrophes and their repercussions should be top of mind for insurers. A report recently completed by Boston-based catastrophe risk modeling firm AIR Worldwide Corp. estimates that over the past three years the insured value of properties in coastal areas of the continued to grow at a compound annual growth rate of just over 7%. Despite the recent weakening of the real estate market in many areas, the insured value-or the cost to rebuild properties-has maintained an annual growth rate that will lead to a doubling of the total value every decade.

London — Marsh Ltd., the London-based subsidiary of the New York-based brokerage, has signed a deal to outsource its back office functions.

A coalition of insurers, health care providers and technologists push industry standard.