Insurance

In our recent study, 94 percent of P&C insurers reported that product configuration capabilities are a required feature in a new policy administration system.

The state-run insurer has rolled out InsuranceSuite as part of an organization-wide transformation initiative, including underwriting, policy administration, billing and claims management.

Google can't use aggregation-based connections with insurance companies to decipher their rating and risk management strategies -- but it might not need to.

Quicksolver will be used to support 27 types of coverage for entertainment production companies in 50 states; intended to cut quote-to-bind times and simplify rating and filing processes.

Consumers would rather have service fast and easy, even if it is not the best result.

Insurance coverage will transition from Personal Lines (where people do the driving) to Commercial Lines (where the manufacturer is responsible for the safety and accuracy of the vehicle).

The global reinsurer will deploy Launchpad Marketing Cloud, a multi-channel marketing platform designed to enable clients to select prospects and policyholder audiences to market life insurance.

Carriers are polarized by the new Google Compare for auto insurance aggregator – but the search giant is hoping key partnerships will help it gain credibility.

The insurer has consolidated multiple claims platforms on Guidewire to streamline claims management.

Six insurers in total have been recognized by the National Association for Female Executives for policies, practices and the number of women reaching the upper echelons of management.

Today's launch of the Google Compare auto insurance comparison site represents a watershed moment in the U.S. insurance industry.

Boosted by the impending release of the Apple Watch, wearable devices have received a fair amount of attention recently – and with good reason. This emergent technology has the potential to alter the way the health insurance industry operates on a fundamental level.

Ray Sprague, a 30-year veteran of the company, assumes leadership of its auto, home, and umbrella products.

Director of strategy and operations Mitchell Walsh joins the workers' compensation carrier from Texas Mutual.

The life insurer will implement PolicyHS to streamline change requests for inforce policies.

P&C insurer will implement InsuranceSuite and DataHub; PwC to assist with implementation.

Two-thirds of insurance companies intend to increase staff in 2015, according to the “Semi-Annual U.S. Insurance Labor Outlook Study,” conducted by recruiting firm The Jacobson Group and industry benchmarking firm Ward Group. That is an increase of eight points since the July 2014 survey and the highest rate since 2009, when the survey began.

A process is also in the works to provide funds to homeowners who disputed insurance payments without suing.

With fewer recent CAT events, insurers have been applying lessons learned to managing non-catastrophic claims, according to a survey from J.D. Power, resulting in the third-consecutive year of higher customer claims satisfaction.

A growing number of New York and New Jersey homeowners have accused insurers of rejecting or underpaying flood-insurance claims based on falsified engineering reports.