Insurance

Storage continues to be the biggest chunk of the investment in virtualization projects, which includes both server and desktop initiatives.

CIOs are in no hurry to hire new staff over the next 12 months, according to Janco Associates.

Additional services such as grief counseling and coverage coordination result in more business, recommendations and positive perception, according to LIMRA survey.

Life insurer to use Elixir North America’s policy administration system, new business and underwriting solutions.

General liability is most likely to be purchased online, workers’ comp is the least likely, according to a new study from Deloitte; majority of shoppers expect modest discounts.

The days of social media strategy meaning you open a Facebook page and staff it with someone young and bright are over.

Software designed with modular components for improving sales, claims administration and reporting.

Towers Watson survey finds prices overall have been increasing for 9 consecutive quarters.

Product designed to enable life/annuity insurers to automate processing of insurance applications that include natural handwriting.

Brooke Zrno Grisham promoted to provide support for New York Life agents in Dallas.

United Fire Group has selected the Jarus Mobile solution for the implementation of self-service mobile applications for its agents and policyholders.

The Affordable Care Act has had the unintended effect of boosting developing private exchanges markets where uninsured consumers compare and purchase high-deductible health insurance plans (HDHPs), according to Aite Group. As a result, the U.S. has 75 million HDHP consumers who have a serious reason to be more price-sensitive than traditionally insured consumers, the research firm said in its report, “Transparency in Healthcare: A New Market.”

Genworth Financial Inc., the seller of life insurance and long-term care coverage, is eliminating 400 jobs as CEO Thomas McInerney seeks to counter the pressure from low interest rates.

The Association of Professional Insurance Women recognized the Guy Carpenter & Company LLC Global Chief Economist & Risk Strategist at an award ceremony on Tuesday, June 4.

When it comes to underwriting systems, the majority of CIOs are looking to wrap or extend what they have over the next three years.

Insurer bolsters claims operations with additional staff and by partnering with a catastrophe response firm, as well as enabling a toll-free number for filing claims.

ABI Research outlines radical changes to the auto insurance industry in a new report.

Low interest rates continue to weigh on the annuity industry, but sales of deferred income annuities increased 150 percent compared to last year and set a fifth-consecutive record high in Q1 2013, according to the “Beacon Research Fixed Annuity Premium Study.” Overall, income annuity sales grew 1.4 percent year-over-year.

IGO6, used by insurers in Europe and Africa, is designed to support all insurance lines of business.

In order for ideas to freely flow within an insurer, an IT department may need to step in to enable that conversation.