Insurance

Winning in the market with a data-driven culture is becoming the name of the game—here's how to do it.

From 2008 to 2011, the number of questionable claims suspected of being part of an organized group or ring activity increased by 47 percent, according to the National Insurance Crime Bureau’s “Data Analytics Forecast Report.” However, that number of questionable claims with the OGA referral reason decreased markedly in 2011 and continued to fall in in the first half of 2012.

Making agents’ lives easier with these technology advances should be on every insurer's to-do list this year, according to IIABA’s Agents Council for Technology and ACORD’s User Group Information Exchange.

Pan-American to invest $4 million within the first two years of operations.

The insurer's Q4 underwriting profit margin this year fell almost two cents on every dollar when compared to results from Q4 2011.

In an effort to meet customer demands, the insurer's new products are designed for customization.

Governor decries "one size fits all" system, calls for reforms to the state's no-fault auto insurance policies.

Voluntary benefit to be offered as a supplement to core benefits package.

Hubbell will also serve as member of the audit committee; previously led Equitable from 1989 through acquisition by ING in 1997.

The CFPB's new rules will reportedly assure that borrowers are warned in advance of force-placed insurance's cost and prevent banks from force-placing policies on many escrowed loans.

Tier 1 insurance CEOs agree that creativity and innovation is lacking in the industry, but there is a balance that needs to be made.

Survey outlines both pain points and the most important factors for successful programs of change.

Beth Pasciucco becomes a member of the insurer's executive management group with move.

This year, fewer insurers make the list, and all slip in rankings.

Mobile capabilities are expected to prompt a resurgence of business intelligence dollars in 2013.

Insurer looks to achieve greater agility for expansion with new underwriting, policy administration, billing and claims management systems.

Insurance Information Institute’s survey of P&C execs finds majority optimistic about 2013, despite budget battle concerns.

Insured losses from natural catastrophes were greater than $110 billion in 2011, the second-highest figure ever recorded, according to Swiss Re in “Taking a Comprehensive View of Catastrophe Risk Worldwide,” a report from AIR Worldwide. And there is a 6.7 percent probability the insurance industry will experience a loss of this size in any given year. In 2012, insured losses totaled $65 billion, $25 billion of which are attributed to Superstorm Sandy, as estimated by Munich Re.

Why avoiding the Big Bang approach and focusing on short-term goals is the best way to tackle IT projects.

Investing time and capital in the latest flux capacitor is too risky for many organizations.