Hartford, Conn.-based The Hartford Fire Insurance Co. (The Hartford) licensed a policy administration system, from Chester, Pa.-based AdminServer Inc., to further strengthen the company's growing technology platform. According to AdminServer, it worked closely with The Hartford to ensure the AdminServer platform aligned with the company's strategic direction and comprehensive processing requirements. AdminServer's system includes a rules-based engine that enables clients to define complex and comprehensive products while minimizing program changes.
-
Insurers can break the cycle by expanding their use of global talent, strengthening compliance training and treating administrative support as a strategic capability vs. a back-office expense.
June 16
Edge -
Consumers still see value in AI, but are wary of how it's used, according to a Smart Communications report.
June 16 -
Centene Corp. will offer buyouts to most employees to cut expenses after membership in its health insurance plans dropped substantially over the last year, according to a company spokesperson.
June 16 -
Taiwan is easing regulations to give life insurers flexibility to invest in artificial intelligence projects, part of an ongoing campaign by authorities to redirect a larger slice of the industry's $1 trillion asset pool back home.
June 16 -
As insurance M&A grows, duplicating functions in combined companies, private-equity firms invest in AI insurtech that changes carriers' structures and product distribution, KPMG experts said.
June 16 -
AI is evolving from an attractive innovation into something much closer to an operational necessity.
June 15
Gradient AI





