Insurance

RSA, the security division of EMC, released a report from the Security for Business Innovation Council that assesses how cloud computing, big data analytics, enterprise mobility and social media will transform enterprise IT and “hammer away” at the foundations of information security strategies this year.

Sun Life Financial Inc. rallied 40 percent last year as investors rewarded decisions to shed riskier assets and emphasize insurance and wealth management. Chief Executive Officer Dean Connor says the narrower focus can still boost earnings in 2013.

Which company will change the insurance purchasing model and transform the buying process by using a tool like a choice engine?

Acquisition to help USI become one of the largest middle-market insurance brokerage firms in Phoenix.

The reinsurance sector entered 2013 with ample dedicated capital and stable pricing, according to “The Route to Profitable Growth,” the 2013 global renewal report from Guy Carpenter & Co. Renewals were supported by lower than normal catastrophe losses during the first nine months of 2012, increased reinsurance capacity and record-high levels of capital.

TriZetto Corp. has acquired Healthcare Productivity Automation, which sells a claims workflow tool to automate manual payment processes by providers and insurers. Terms of the acquisition were not disclosed.

Small IT hiring sprees set for the first half of 2013 are being bridled with a pocket of idle businesses, and tech positions overall are taking longer to fill, according to a survey by technology and engineering career community, Dice.

Agents and carriers can work together to develop mobile applications and interfaces to enable clients to stay in contact with their agent throughout the entire policy lifecycle, not just at the time of a claim.

AmTrust also announces intent to acquire Mutual Insurers Holding Co.

Gary Hardman, Mike Howell and their associates will continue to operate in their current location under the direction of John Neumaier, south central regional executive VP of Gallagher's employee benefit consulting and brokerage operations.

Mobile claims applications clearly have the potential to increase customer satisfaction by offering greater speed, accuracy and transparency into processes that were previously opaque. But without proper planning, they can prove to be a double-edged sword.

The added difficulties and pressures that come with providing claims coverage through a mobile app.

Experience is critical to customer satisfaction and retention, but even more crucial is balancing satisfaction with cost-effectiveness.

As large insurers' investments in claims technologies continue to increase and pay off in competitive advantage, more and more insurers are being lured into similar spending strategies.

At January 1 renewals, marine endures its worst year in recent history, reports Willis Re.

Robert Benmosche, president and CEO, AIG, will be honored at the June 17 gala dinner in conjunction with the International Insurance Society's 49th Annual Seminar.

Net income for P&C insurers in the United States more than doubled during the first three quarters of 2012, increasing to $31.2 billion from $12.3 billion for the same period last year, as a result of improved underwriting results, according to “U.S. P/C Net Income Improves in 3rd Qtr; Sandy’s Impact Yet to be Realized,” a special report from an A.M. Best Co.

CNA sells SUR Insurance Agency Inc., The Bond Exchange to California Contractors.

Cloud, customer experience and analytics will dominate IT budgets in 2013, analysts predict.

EMCO Software, a provider of PC power management solutions, has released a new version of its EMCO Remote Shutdown software, compatible with Windows 8 and Windows Server 2012. EMCO Remote Shutdown is an automatic shutdown and Wake-on-LAN utility for Windows, designed to turn on and off remote PCs across a local network.