Core systems

U.S. pension funds have been key in boosting the global reinsurance market’s capital base and helped reinsurers pay insurer claims arising from major disasters such as 2011’s earthquake in Japan and 2012’s Superstorm Sandy, according to the Casualty Actuarial Society.

Insured Rating designed to enable web access to rating software for the insurer's managing general agents.

Lack of confidence comes from not understanding their company’s exposure to operational, regulatory/compliance or financial risk, according to recent survey results.

FAST's business processing suite designed to include application entry, case management and underwriting software.

Costs behind insuring the renewable energy industry could spike behind a shift to wind energy, according to a new report.

While small employers are scaling back benefits this year—a potential hedge against higher costs expected under the U.S. health care law—WellPoint plans to spend $150 million preparing to sell on the exchanges.

Early second-quarter earnings reports from Travelers, ACE Ltd. and other P&C insurers point to solid results driven by reduced catastrophe losses, favorable reserve development and positive pricing movement, according to Fitch.

IASA, one of the insurance industry's largest trade associations, formally announced today that Beth Mercier of Travelers Companies has been elected to serve as president of the association for the 2013-'14 fiscal year.

As economic growth slows in Brazil, the insurer looks for other opportunities to expand its presence in Latin America.

As fraud prevention technologies become more sophisticated, insurers need to invest at every customer touch point to achieve increased revenue growth, according to new research from Ovum.

Agency and brokerage management system with Internet-access capabilities chosen in an attempt to unite the operations of offices in various geographic locations.

Social media and mobile computing serve as a backdrop for several of Deloitte’s insurance tech trends and opportunities for 2013.

The second quarter of 2013 saw $2.2 billion of non-life catastrophe bonds issued through 14 tranches (representing 10 deals), compared with $2.1 billion issued in the same period last year, with 12 tranches (representing 7 deals), according to Willis Capital Markets & Advisory (WCMA), part of Willis Group Holdings.

Catastrophes costs were $340 million for the second quarter, down from $549 million a year ago.

The insurer selected the fully integrated platform in an effort to improve operational efficiency and keep pace with business growth and demands.

The first quarter of 2013 brought improved underwriting results, according to a new financial report from A.M. Best, which also lists the largest five P&C, personal insurers with their combined ratios.

As investments in data technology rise, so does the urgency to find talent to manage it, which has some in the industry pointing to chief data officers.

Insurers included on the Financial Stability Board's list of global systemically important insurers (G-SIIs) could see a modest improvement in their credit profiles due to the higher risk and capital management standards imposed on them, according to Fitch Ratings.

Management software designed to blend front- and back-office operations.

Among private auto insurers, GEICO and Liberty Mutual post double-digit increases; among homeowners insurers, direct incurred loss ratios shrink as premiums increase, according to SNL Financial report.