Digital Platforms

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.

New York state lawmakers are hoping to adopt legislation that would allow auto insurers to adjust rates twice annually by a total of 5%.

A new study reports overall consumer confidence in financial services at its lowest in five years, but P&C carriers were ranked five of the top 10 organizations by survey respondents.

A new survey from ISO reveals that net underwriting losses precipitated an $8 billion decline from the previous year.

A multi-year speed-to-market strategy fuels Blue Shield’s relationship with this custom software vendor.

Designed to provide a centralized cash-management, accounts receivable and collections operations, AAA Mid-Atlantic will eventually expand its use of the STG Billing and Accounts Receivable system to non-insurance lines of business.

The platform is designed to provide a transparent view of the sensitivities a risk position has to individual perils and its correlations to other positions.

The software giant acquires another vendor in the insurance industry.

Plan representatives call efforts key to Blue companies' stewardship of healthcare dollars.

Supreme Court decision say conflict of interest should be considered.

Employers keep incidents quiet to pay lower premiums for workers’ compensation coverage.

Association says aftermarket auto parts market is imperiled.

A top regulator says the credit crisis may necessitate greater scrutiny of credit raters.

The partnership is designed to provide NAIFA members with free, unlimited access to an online resource library that includes fact finders, concept pages, business tips and tools, client presentations, tax information and specimen documents.

Deloitte sees non-traditional growth opportunities for insurers via a distribution-centric strategy, advanced analytics application and enterprise technologies.

According to a panel of experts, insurers are using technology to devise new policies, and fine-tune existing products, to better address a range of emerging climate-related risks.

Economists say carriers need to ready themselves for the slow growth environment ahead.

On the heels of a Gartner report giving the company the highest possible rating, Guidewire Software Claims GEICO as its latest win.

Sixty-nine percent of respondents to a new AIIM survey report that less than half of their enterprise information is searchable online.

A new report shows some progress—and gaps—in the insurance industry’s quest for a higher level of risk management.

The company's Insurance Compliance Solutions group reviewed and analyzed content from last year’s market conduct exams from across the United States to comprise the top 10 criticisms lists for property/casualty insurance and life and health insurance.

Arthur Cadorine received the honor for his outstanding contributions to the growth of IASA, his significant volunteer services to the organization and his numerous contributions to the financial services industry.

Napco will use CATStation to combine exposure concentration analysis, hazard analysis and policy-level loss analysis into a single Web-based solution.

The new “Good to Drive?” pilot program focuses on reducing DUI injuries and deaths.

Google Health got shot in the arm with the signing of its first insurer, Blue Cross Blue Shield of Massachusetts, which will offer its 3 million members a plan designed to enable them to keep better track of their medical information.

Policy administration system enhancements or replacement tops CIOs’ lists of priorities, causing the market to explode.

The catastrophe risk management solution provider reaches beyond insurance channels to update other industries and individuals on catastrophic events. Insurers may benefit as a result.

The U.S. Department of Health & Human Services nudges physicians with “EHR” incentives, while Kaiser Permanente and Microsoft partner to pilot health data transfers.

The legislative effort to create a federal insurance advisory is eliciting both praise and concern.