Core systems

In a stabilizing economy and armed with strong capital positions, P&C insurers should increase their focus on establishing competitive advantage through innovation, according to Deloitte.

RSA Ireland CFO Rory O’Connor and Claims Director Peter Burke were dismissed yesterday, the London-based insurer said in a statement today.

More than $1 billion will be invested in the IBM Watson Group, including $100 million in venture funding for businesses that develop applications based on the technology

Exigen's suite of core systems is intended to improve operational efficiency, product distribution management and customer service.

Despite higher administrative costs and uncertainty associated with HIX rollouts, A.M. Best forecasts top-line growth of as much as 5 percent.

A challenging operating environment, higher consumer expectations and tougher competition are rousing insurance IT outsourcing, according to Everest research.

Insurance AO Activity Doubles

In 2012, the overall market declined however, as did contract values and duration, according to an Everest Group report.

Insured losses declined to about $31 billion, the Munich-based company said today. That compares with $65 billion reported for 2012.

‘Front Office Suite’ to help underwriting, service and agent teams to submit, evaluate, quote and close business.

Based on 2012 financials, A.M. Best lists the largest global insurers by earned premium and total assets.

The increase for 2014 is expected to be driven in part by a rise in data analytics investments, according to the research firm

In response to consumer confusion about deadlines related to the Affordable Care Act, insurer says it will extend the deadline and accept payment online.

Homeowner property claims also are found to be increasing in frequency, value and suspicion.

Swiss Re declined as much as 2.9 percent; Munich Re fell 0.8 percent.

Rates Decrease as Much as 25%

The 35.3-percent increase in the industry’s nine-month pretax operating income reflects the improvement in underwriting results across all segments, according to A.M. Best.

U.S. life insurers are poised to outperform in the debt market next year as they invest premiums at higher interest rates, according to CreditSights.

Nearly all classes and regions declined, attributable to abundant capital, strong balance sheets and low CAT losses, Guy Carpenter said.

Profiling tools can quickly process and analyze large data sets and automatically produce a baseline profile, thus replacing the need to run manual queries.