Insurance

Partnership to deliver integrated workflow solution to Agencyport P&C clients.

Partnership with CIC aims to extend Elixir North America’s straight-through processing and enrich agent, policyholder experiences.

New York Superintendent of Financial Services voices support for banning insurers from making excessive payments to banks that refer them business.

Rating, billing and policy admin components to be implemented, support COUNTRY's auto, home and agribusiness lines.

Celent’s “2012 North American Insurance Software Deal Trends” studies revealed a 8.6-percent decrease in deal volume with 62 percent of the 1,538 deals in 2010 and 2011 involving property/casualty insurers compared to 38 percent in the life/health/annuity segment.

America’s first CIO Vivek Kundra offers lessons learned while working with enflamed costs and an IT budget of $80 billion.

Between leadership, marketing and operational tactics, certain approaches and mindsets are needed to avoid the pitfalls of the post-recession market.

A series of solution providers announce enhancements designed to drive efficiencies.

Outsourcing solution designed to allow carriers to get into new markets quickly and cheaply.

StoneRiver releases LifeApply, Claims Stream at the ACORD LOMA Insurance Systems Forum.

App designed to satisfy policyholder demand for 24/7 mobile self-services.

Insurance Networking News and Celent released INN’s sixth annual technology solution provider ranking for the insurance industry last night at an awards event held at the ACORD LOMA Insurance Systems Forum in Orlando.

System includes pre-loaded business rules engine and builds on CSC’s claims and risk management expertise.

Collaboration will progress with a proof of concept describing areas where ACORD data standards may map to XBRL insurance solvency and other business information taxonomies.

About 68 percent of European life insurers polled in a new survey have a positive outlook for their businesses in spite of ongoing market turbulence.

Company also releases actuarial calculation engine to reduce launch time for new products.

Association to roll out knowledge base and enhance social media capabilities on Website.

All three implementations will be deployed via private cloud.

These statistics surrounding disability insurance and public awareness from Sun Life’s recent report, titled “Will workers in America hope to dodge the bullet, remain blind to the risks or simply hide?” despite becoming familiar sights this month, remain startling given another fact cited by the report: Medical problems contribute to roughly half of all personal bankruptcies and home foreclosures in the United States.

The growth of countries such as China, Brazil and India will inevitably lead to more business being written, and that will need new capital to support it, and more insurers, according to Lloyd’s of London Chairman John Nelson. “The challenge we have is to grow the Lloyd’s footprint into the emerging growth countries,” he said in a statement on the company’s website. “There’s an opportunity for Lloyd’s and for the United States, in the high-growth economies. What I hope to see is a situation where brokers are extending their networks, picking up new business across the world and placing it at Lloyd’s.”