Insurance

The strategy remains a good way for newcomers to enter the market, but carriers must provide additional value propositions to the consumer, Novarica says.

With the acquisition, the health insurance technology provider expands its services into the group benefits market.

Other concerns for insurers include how to allocate liability when accidents occur and driver safety on roads, Munich Re notes.

Having a vision statement and defining the future state of each business process can greatly aid insurer's core replacement efforts.

Opportunities arise for insurers to catch customers as Pokemon GO users wander into dangerous places.

Competition between large health insurers lowers costs for consumers and improves the quality of their coverage, government official says.

In a world in which insurers are considering using wearables like FitBit to validate claims data, apps like Pokemon GO offer the same information in much greater detail.

The UK insurer expands its current relationship with the vendor, having already deployed Guidewire for billing.

With the move, the insurer expects to improve its rating and electronic archiving capabilities.

Automation of certain processes was cited as a driver in the selection.

The supercomputers model environmental data, including measurements from satellites, weather balloons, and oceanographic observations.

Health payers are taking multi-pronged approaches to make the inevitable transition to value-based care, including the expansion of their data & analytics capabilities.

John Yao takes over tech responsibility at the workers' compensation carrier.

The workers' comp insurer will also deploy Oceanwide's agent portal, per the agreement.

The new tool can be used by homeowners seeking up to $1.5 million of coverage for their home and up to $1 million for condominiums.

The platform will allow brokers to offer customized pricing options based on submitted information by customers.

Insurance carriers face threats from physical events, risks tied to liability and “transition risk" from adjusting to a lower-carbon economy, new study finds.

The reinsurer is leveraging Mortality Assessment Technology, generally used in life insurance, to the reinsurance market.

The P&C insurer adds to its initial implementation of Guidewire ClaimCenter in 2010.

Carriers have different measures of success when working with startups, ranging from introducing staff to new technologies to forming strategic partnerships for financial return, according to Novarica.