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Core administration and private portal application intended to help reduce operational costs.

Republican members of the House Energy and Commerce Committee have sent letters to every insurer participating in the federal marketplace to request specific enrollment data.

Millions of people may be exempt from the requirement known as the individual mandate under rules issued by the Obama administration.

Public and previously shared data offer potential benefits to consumers and opportunities for service providers to offer value-added services; however consumers' responses range from neutral to negative, Celent says.

AIG taps Peter Fisher's global experience with the regulation of financial services companies, including his work with the Treasury Department undersecretary for domestic finance and at the Federal Reserve Bank of New York.

The Senate passed H.R. 3370 on a 72-22 vote, sending it to President Barack Obama for his signature.

Ever since technology began to be used beyond pure accounting in the insurance industry, data has become a key source of competitive advantage for identifying profitable niches, managing risk and improving service. Data derived from devices, new external data sources and new techniques for interpreting data are pushing the competitive boundaries for insurers at an accelerated rate. Click through to see the three finalists in the Data Mastery and Analytics category of Celent's Model Insurer awards program, as well as the hottest trends identified throughout the judging process.

Partnership contributes to low operational costs and fast turnaround times, insurer says.

Spring is almost here. It is natural for insurers to focus on growth. In the past, the growth cycle was fueled by new products, an expansion of agencies or reaching new geographies. Today’s growth fuel flows in the opposite direction – from consumer demand, through the product channels and into product development. The technological wave that has fostered channel development is improving insurer response time and promoting growth – if insurers are willing to think transformationally. (For a good definition of transformational thinking vs. legacy thinking, see my first blog.)

Risk transfer opportunities just beginning to be realized, Towers Watson says; 90 percent of CFOs surveyed expect to see prices decrease.