Core systems

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.

Insurer looks to ForgeRock’s architecture to provide the power, economics and agility required to establish secure access controls for mission-critical applications at scale across any population.

Starr Insurance Holdings Inc., a member of the Starr Cos., has selected PolicyWriter as its policy administration platform for its general casualty, energy, environmental and commercial auto lines of business. PolicyWriter is a product of Adaptik Corp.

American International Group Inc. and Allianz SE are among insurers deemed systemically important by global financial rule makers, meaning they may face tougher capital standards and tighter regulation.

During the Insurance Industry Charitable Foundation’s (IICF) Women in Insurance Global Conference in New York, June 12-14, INN sat down with four leaders at Farmers Insurance to discuss its Women’s Leadership Network. To read about this, click here. At the event the four leaders also touched on mentorship and sponsorship.

Minnesota Department of Commerce finds agents’ dismissal for failing to achieve sales quota violates state laws.

To expand its product offerings, distribution and geographic presence, Nevada General Insurance, a midsize P&C insurer, replaced its Web portal for policy quoting, issuance and endorsements with a packaged solution and integrated it with the policy administration system, enabling agent and direct-to-consumer sales.

Cognizant, a provider of IT, consulting and business process outsourcing services, and XL Group, a global P&C, professional and specialty insurer, announced a mobile-enabled risk-engineering platform for Global Asset Protection Services (GAPS), XL Group’s property loss prevention services business.

The Financial Stability Oversight Council, a group of regulators led by Treasury Secretary Jacob J. Lew, voted to move New York-based MetLife into a third round of evaluation that may label the company systemically important, the insurer said yesterday in a statement. The designation indicates a firm could endanger the financial system if it were to fail.

Ward Group, provider of benchmarking and best practices services to the insurance industry, has announced the 2013 Ward’s 50 top performing life/health insurers. Each Ward's 50 company has passed all safety and consistency screens and achieved superior performance over the five years analyzed. This is the 23rd year Ward Group has conducted the analysis.

Ward Group, provider of benchmarking and best practices services to the insurance industry, has announced the 2013 Ward’s 50 top performing property/casualty insurers.