Core systems

After the October 1 launch, how long will it take to get the program's IT systems adjusted and running smoothly?

The insurer said it is looking to improve in many areas, including claims processes, customer experience and compliance.

Members of the CIO panel at this year's PCI Information Technology Conference offered creative solutions to help IT units become enablers of growth.

Insurer invests in disaster recovery support for its data center services.

Preconditions do not yet exist, according to Celent report, including regulatory structure and customer demand.

MetLife’s share of the private auto market has changed little since 2008, according to data from the National Association of Insurance Commissioners.

Bryan Sartin, VP of investigative response for Verizon Business, made it his goal to try to convince insurers that preventing cybersecurity isn’t as complex as it’s perceived to be. Presenting on Tuesday at the PCI Technology Conference in San Antonio, Sartin said “There are certainly sophisticated threats out there, but I want to poke at the myth of unpredictability and constant change and the perception of hopelessness; I want that perception debunked as just having a lack of information about the threats. Understanding the motives that drive your adversaries and the data you have, it gives you a good starting point for anticipating the types of threats you have, and therefore, the types of security measures you should have. We can do a lot of things to better understand the state of risks out there.”

BillingCenter purchased by the mutual insurer to manage agency, direct bill operations.

BillingCenter purchased by the mutual insurer to manage agency, direct bill operations.

Among other concerns, some big health insurers have decided not to participate in many state exchanges and patient advocates are worried insurers will create networks with fewer doctors and hospitals.

The total number of WC claims has been decreasing, but the percentage deemed “questionable” has been rising, and California generates the most, according to analysis from the National Insurance Crime Bureau.

With only seven days to go until October 1 and the official launch of the new public health insurance exchanges, a number of questions loom large. The biggest, by far, is would a government shutdown threatened by congressional Republicans also shut down the exchanges.

According to Fitch Ratings, the company’s U.S. life insurance subsidiaries currently maintain capital levels in excess of regulatory minimums.

Guy Carpenter says enhanced risk modeling is important for insurers seeking growth in emerging markets.

The U.S. domestic professional and domestic specialty surplus lines’ 2012 underwriting performance fell below P&C’s performance for the first time in more than a decade, according to A.M. Best.

Verne Global and Datapipe sign on to deliver renewably powered computing for RMS’ exposure, risk management environment.

As MetLife moves into the final stages of review, Prudential said it is reviewing a potential federal appeal, which the company has 30 days to file.

As costs, regulatory and technological inhibitors fall away, insurance industry laggards could face threat from mispricing, according to recent Aite Group report.

Insurers are developing the technology to embed actuarial tools into an integrated risk and finance architecture, according to a recent report from Accenture.

For the previous two reauthorizations, Congress waited until the last minute to approve. After yesterday’s hearing, it looks like 2013 will bring more of the same.