Core systems

As a result of errors in the systems, insurers have had to hire temporary workers and address duplicate enrollments, according to new reports.

Covered California, the state's health insurance exchange, reported a dip in online visitors and call volume in its second week of operation, but broker certification is advancing.

(Bloomberg) -- UnitedHealth Group Inc., the biggest U.S. health insurer, reported third-quarter sales below analysts’ expectations while declining to raise its profit projections, driving shares down the most in two years.

The New York State Department of Financial Services’ recent statements calling out other state regulators and the National Association of Insurance Commissioners could adversely affect life insurer ratings, according to Fitch.

Businesses need to carefully understand the role of identification in transaction risk management, according to a new report from Constellation Research.

Michael Diekmann posits that forcing insurers to keep more capital on-hand will lead to greater M&A activity as mutuals struggle to meet requirements.

In a new report, Willis predicts rate activity for several lines and COO Eric Joost discusses how big data and a new influx of capital could affect the industry.

Despite the sluggish economy recovery and low interest rates, life insurers maintain high levels of capitalization, solid liquidity, high-quality investment portfolios, good financial flexibility and profitability, according to Moody’s.

Insurer looks to unify its three policy administration systems and improve operational efficiency with new platform.

InsuranceSuite purchased as new platform for rating, underwriting, policy administration, claims management and billing as insurer looks to expand.

In response to a changing market, European insurers continue to adjust product offerings, adapt reinsurance purchasing and alter their distribution channel strategies, according to recent reports.

A prospective deal is expected to include about $5 billion in insurance assets.

Part of the reform measures place limits on the cost of force-placed flood insurance bought by banks.

CoreLogic report finds the number of acres and buildings damaged by wildfires is increasing, even as the total number of fires declines.

Transparency could have many effects, including competitive intelligence and, as a result, aggressive pricing.

With less than three months until 2014 and Congress’ hands full elsewhere, insurers, particularly workers’ comp and commercial casualty insurers, should be devising plans to handle added terrorism risk exposure.

New platform to be implemented for medical malpractice policy administration, rating, quoting, underwriting and policy lifecycle management.

Incorrect information from the Centers for Medicare and Medicaid Services led to the decision, insurer said.

McKinsey’s prediction that the local independent agencies are declining glosses over important distinctions between business models and value propositions, says agency association’s CEO.

During the quarter ended September 30, insurance underwriters announced or completed 20 deals, vs. 35 in the year-ago quarter with no single transaction exceeding $1 billion, according to SNL Financial data.