Core systems

Despite catastrophe losses of $20 billion in the first half of this year, reinsurance market rates on line (ROLs) continue to be driven by an influx of capital from third-party investors at the July 1 renewals, according to a report from Guy Carpenter & Co. LLC, a global risk and reinsurance specialist.

Wynsure system also designed to deliver self-service functions for producers, employers, employees and employee benefits administrators.

Main goal of consultative service will be to create personalized plans for improving financial and operational efficiency, as well as a strategic road map.

Sector adds 9,900 jobs, the most since January; Janco survey finds healthcare IT sector continues to be a bright spot.

By reducing client onboarding time by half, this specialty insurer enabled itself to bid more competitively for new business and free up IT capacity.

On the whole, both commercial and personal lines saw rate growth accelerate last month.

While AIG is embracing its designation, Prudential is committed to convincing the FSOC that if it were to fail, the economic ramifications would not be great.

The council now has 30 days to schedule a hearing, according to the insurer.

Several industry analysts provide advice for establishing effective data practices in a new white paper from Xuber.

Delaying the health insurance employer mandate mostly affects employers, experts say; health insurers continue to focus on exchanges.

The White House on the evening of July 2, in a blog posting from Valerie Jarrett, senior advisor to the President, announced it will suspend for one year reporting requirements in 2014 for larger employers to demonstrate compliance with a mandate to offer employees health insurance coverage, and not enforce financial penalties for larger employers that fail to comply until 2015, one year later than authorized in the Affordable Care Act.

The largest U.S. life insurer is proposing an alternative to the Fed that it feels is more appropriate for insurers deemed systemically important financial institutions.

Insurance QuickPass designed to digitize insurance policies in an app for drivers.

Allstate, Lincoln National and 14 others receive updates.

Business management and accounting solution designed to manage RSA’s Group Reinsurance portfolio.

Increasingly sophisticated user expectations drive tech market, Celent says, as insurers look for ways to differentiate commoditized products.

Declining U.S. property rates and reinsurers' desire to maintain their market positions is spilling over into other classes, according to a report from Willis Re.

Financial service firms plan to increase IT operational budgets by a modest 2.1 percent this year, while about 45 percent are increasing headcount, according to a Computer Economics IT study.

Progressive has been licensing UBI intellectual property since December 2012.

Maximizing IT’s value requires realistic expectations and transparency, as well as planning and decision making that are aligned with business goals, according to PwC.