Insurance

Insurance carriers are dependent on the cloud solutions available to them and even those vendors with other priorities recognize the importance of cloud as a key initiative for the future, according to Celent.

The implementation of the PolicyCenter and BillingCenter platforms is part of a transformation initiative designed to help strengthen the company’s insurance products and customer service capabilities.

IT spending globally is likely to increase modestly in 2015, according to industry researcher Gartner. But that spending will be uneven and less robust than originally expected. Here's a look at the key trends and what they might mean for the insurance industry.

New research from LIMRA, which will be presented at its upcoming conference in Orlando, indicates these external disruptions could alter their distribution models within the next five years.

Developing a usage-based insurance program has now gotten easier.

As enterprise customers weigh cloud vs. on-premises infrastructure and applications, CIOs could find vendors offering aggressive price discounts to win or retain business.

The HealthEdge platform is expected to deliver flexible product and benefit designs and real-time claims processing.

Numerous companies are finding innovative ways to use IoT devices.

Interim agency head has operations background in health services.

A new study from BPO and IT services company Genpact finds that insurance executives are most concerned with keeping customers happy, growth and stability and cutting costs, and believe that IT can help address these challenges.

The z13 system can encrypt and analyze data in real time and process 30,000 transactions a second, the company said.

We live in a brave new world now with digital devices and equipment surrounding us in a sea of capabilities that (generally) improve the quality of our experiences.

A new report from Celent indicates insurance CIOs are increasing spending on analytics, core systems upgrades and process optimization to help grow and retain business.

The insurer is consolidating multiple policy admin systems and seeks to enhance customer service and underwriting capabilities.

Celent surveyed 41 vendors about their cloud applications, pricing models, platform investments and their expectations of where the market is going.

Not-for-Profit health plan serving members in New York to pioneer use of HIE technology to create a secure, reliable Health Information Exchange.

The new programs, initially offered in 16 states, include general liability programs for general and artisan contractors and a commercial multi-peril package.

Growing demand for commercial cyber insurance, increased federal regulation and a continuing economic rebound in the U.S. are among their strongest projections.

By appealing to their enlightened self-interest, CIOs can convert CFOs into fellow innovators.

About 1,000 new IT and computer jobs were added in December, and nearly 113,000 were added in 2014, according to analysis from consulting firm Janco Associates.