Core systems

The services and solution are intended to automate and streamline the insurer’s administrative processes on New York’s exchange.

Third-quarter net income decreased to $232.4 million, or 39 cents a share, from $277 million, or 46 cents, a year earlier.

Underwriters continue to view merger objection claims and regulatory investigations as top concerns.

An influx of alternative capital is driving down property rates, according to Willis Group Holdings; many commercial casualty lines of business likely to experience rate increases.

We live our lives immersed in technology, and over time, we’ve come to think that anyone can do this sort of thing. But IT is hard.

Late next year, the International Association of Insurance Supervisors will implement capital rules for the insurers deemed systemically important, currently including MetLife, Prudential, Axa, AIG and Allianz.

New policy administration system deployed for initial two lines, whole and term life, in a multi-phase process.

Wolters Kluwer’s annual list of compliance issues for both P&C and life/health insurers highlight the difficulty of keeping up with regulatory changes for claims, underwriting and distribution processes.

Insurers are receiving files from the exchanges that they are unable to open, or that are missing too much data to process.

Some medium-sized, publicly-traded insurers are encountering operational challenges and could be sold, restructured or placed into run off, according to MarketScout.

After four years at sub-book value, underwriting fundamentals have improved and support higher valuations, Conning said. However, a return to higher historical valuations remains unlikely.

Auto and homeowners premiums primary drivers, according to MarketScout analysis.

With a newly launched platform, sales representatives are able to adopt social-selling techniques, ultimately focusing more on sales productivity and less on compliance requirements.

New division aims to alleviate growing environmental and climate risks through an increased focus on analytics and data science.

Most states have four or more participating plans, according to Avalere Health.

Willis Re gives the storm a 26-percent chance of becoming a hurricane by the time it hits land Saturday night or Sunday morning.

Thirteen consecutive quarters of growth for the P&C sector marks the longest continuous stretch in nearly a decade.

The federally run exchange received 4.7 million unique visits in its first 24 hours, the U.S. Department of Health and Human Services said. A federal call center received more than 190,000 calls as well.

Document and workflow management, as well as analytics and integration capabilities, are increasingly important in new, Web-based claims systems, according to a recent Novarica report.

In New York, officials said the exchange had 2.5 million visitors in the first half hour and California reported seeing as many as 10,000 hits a second.