Subject Root Tag

FCCI chooses Sword Insurance Portal; Physicians Mutual selects InsPro Enterprise.

Thomas H. Lee Partners L.P. (THL), a private equity firm, and French-owned Sword Group have signed a definitive agreement under which THL will acquire Sword Insurance, a global provider of software and services to the P&C insurance industry, from Sword Group. The transaction is expected to close next month, subject to regulatory approvals, and additional terms of the transaction were not disclosed.

The recently released white paper from the National Association of Insurance Commissioners on the role of producers in state exchanges, while helpful, leaves many crucial questions unanswered.

Does this mean that our technology providers have emerged from the economic sweat lodge and are now gathered around the tribal fires chanting “Kumbaya” for your benefit? Probably not.

Through May, State Farm provided more than $2.5 billion in catastrophe claim payments to its customers across North America.

Witnesses tell House committee that cross-state sales would reduce the number of uninsured.

As the insurance industry continues to recover from an ailing economy, the focus on life insurers’ overall financial health has been largely a “wait-and-see” one. Unlike property/casualty carriers, whose cash flow is relatively fluid, life insurers’ success is tied largely to superior, sustained financial management.

June 8, 2011 is the last day nominations for Women in Insurance Leadership awards will be accepted.

As the Asian insurance market continues to grow, it faces constraints and opportunities not unlike their North American competitors. A recent report by Boston-based research and consulting firm Celent notes insurers' top three drivers for IT investment in 2011: growing the business, ease of doing business with agents and other distribution channels, and ease of doing business with customers. The report reviews in detail the current business trends facing the market for 2011, and how they are impacting IT investment.

SOA has seen a resurgence, largely because most insurers are contemplating a move to cloud – public, private, or hybrid – and need the supporting infrastructure to make it viable.

At the ACORD Loma Insurance Systems Forum, speakers presented a compelling vision of how the mobility, the cloud and Big Data are set to reshape the industry.

Survey results reveal increase in real-time upload and commercial lines download.

Suite to enable managing general underwriter to deliver agent service, support for multiple carriers.

Product designed to allow agents and brokers to personalize customer communications for increased profitability.

The family of device-agnostic mobile insurance apps intended to give agents, insurance pros and policyholders on-the-go access to services from both L&A and P&C systems.

Insurance Institute for Highway Safety says, in a turnaround from prior rankings, six of 13 small—rather than large—cars earn safety awards.

“Innovate or die” is a phrase often bandied about these days, and for insurance companies, it’s advice to take to heart.

Japanese companies are selling “one-time” policies for risks that are interesting and surprising, thanks to wireless technology.

To compete for skilled IT pros in this reviving economy, insurers will to market themselves as great places to work, and offer open, flexible working arrangements, likely with compensation tied to performance.

Survey targeting several sectors reveals that insurance and mobile telecom rank lowest in respondent satisfaction with communication levels; banks ranked highest.