Core systems

Members of Congress came out swinging Wednesday at a committee hearing with top insurers called as witnesses to determine whom of the more than 8 million Obamacare enrollees have paid their first month’s premium.

As many as 90 percent of WellPoint customers have paid their first premium by its due date; for Aetna, the payment is in the low to mid-80 percent range.

Through use of the app, the insurer expects to enable marketing representatives to view a complete picture of agency performance, and stay current through real-time updates and alerts.

The insurer will revamp five fraud-detection models and extend its relationship with SAS for two more years.

Claim frequency dropped for privately owned vehicles, according to an analysis from Ron Actuarial Intelligence, and can reduce insurance premiums and increases revenues.

Float from insurance units including Geico has provided CEO Warren Buffett with funds to amass the largest equity stakes in companies including Coca-Cola, Wells Fargo and American Express.

Internet connected devices will drive the value of data to consumers; mobile devices will enable continuous data collection; and sensors will drive finer grained collection of data across common processes. Long-term, these will elevate the awareness about the value of data.

Research by McKinsey and the World Economic Forum points to a widening range of technology vulnerabilities and potentially huge losses in value tied to innovation.

How many individuals and families that selected a health plan in the federally facilitated health insurance marketplace have paid their first month’s premium? Depends on whom you ask.

The market for worldwide business intelligence and analytics software totaled $14.4 billion in 2013.

The application offers support for operational reporting, management information and business analytics.

Revenues generated from enterprise software-as-a-service will reach $53.5 billion in 2018, representing 59 percent of the enterprise public cloud computing market, according to a new report.

Homeowners and private passenger auto have most impact on the reserve cycle, Guy Carpenter says.

Syndicate 2232 will use the Claims and ECF Management System to support future growth plans.

The latest version of LifeSuite automated underwriting offers configurable case assignment and additional lab vendor interfaces.

Marketplace Connector will assist Oregon-based health plans with the migration to the Federally-Facilitated Marketplace.

The two-year delay in the implementing new regulatory requirements has helped European insurers’ confidence, Ernst & Young says, but almost 76 percent do not yet meet reporting requirements.

The insurer of corporate boards and high-end homes declined after first-quarter profit fell 32 percent, missing analysts’ estimates, on claims from winter weather in the United States.

Price comparisons, ratings and reviews are now “old school,” according to Forrester Research, and armed with digital tools, consumers are filling many legacy insurance roles.

InsuranceSuite is intended to help the multiline insurer streamline core systems and improve the agent experience.