Insurance

Insurers need a data mastery roadmap aligned to their business goals to avoid costly mistakes, according to new Celent report.

Aite Group report finds compliance and reporting, customer-centricity, multi-channel distribution and engagement prompt desire to modernize.

Partnerships established with Allstate, Progressive and other carriers to offer side-by-side comparison of multiple auto insurance options.

Additional jobs announced by Chicago Mayor Rahm Emanuel.

Persistently low interest rates are motivating insurers to diversify beyond fixed income into higher-return asset classes, including real estate, high-yield and emerging-market debt, and invest more in their risk management infrastructure, according to “Seeking Return in an Adverse Environment,” a survey of chief investment officers from KRC Research, sponsored by Goldman Sachs Asset Management (GSAM).

For the Army and Air Force Mutual Aid Association to modernize its mainframe, BPM is the key.

Life, annuity and pension firms are struggling to generate profits for shareholders, members and policyholders due to the global economic slowdown, increased competition and low interest rates. This confluence of factors is leading many insurers to reassess which products and markets are to be considered strategic, and how to best manage the discontinued, unprofitable and non-strategic portions of their business, according “Strategies and Options for Managing Closed Blocks: Life, Annuities, and Pensions Edition,” a new report from Celent.

In 2011, only two companies in the segment became impaired, the smallest number since 1962.

For the 7th consecutive year, INN recognizes female insurance executives who have made outstanding contributions to their businesses.

Given the second-quarter decline in the equity markets and no let up in other pressures, Fitch anticipates more modest full-year 2012 results than first-quarter improvements indicate.

Doubts surrounding global rules meant to make investors’ and insurers’ lives easier are increasing as the wait continues.

Competition for the individual retirement market is heating up as the number of baby boomers heading into retirement increases, creating an opportunity for insurers to attract new customers and their assets, according to “The Big Payout: Growing Individual Retirement Income Opportunities 2012,” a report from Conning Research & Consulting.

Cover-All policy administration, commercial lines products selected in an attempt to improve operating efficiency and growth.

Individuals with major driving violations, such as alcohol-related infractions and excessive speeding, have mortality rates—even non-vehicle-related deaths—that are 70 percent higher than individuals who do not, according to motor vehicle record study.

Socialite will attempt to leverage the power of Salesforce.com's to bring social interaction throughout the sales cycle.

Insurer to implement Innovation Group's entire suite, including policy, claims and analytics elements.

Billing Stream, Claims Stream to be implemented in a multi-phased approach.

Insurer turns to policy management solution to increase automation and streamline disaster recovery underwriters’ workflow.

Low interest rates and lack of returns prompt decision.

Diversification and reinsurance likely to prevent large net losses in the wake of widespread drought.