Core systems

The Affordable Care Act has had the unintended effect of boosting developing private exchanges markets where uninsured consumers compare and purchase high-deductible health insurance plans (HDHPs), according to Aite Group. As a result, the U.S. has 75 million HDHP consumers who have a serious reason to be more price-sensitive than traditionally insured consumers, the research firm said in its report, “Transparency in Healthcare: A New Market.”

Osterman Research outlines five basic guidelines for long-term management of archived information that, while not comprehensive, aim at keeping organizations covered from risk and working with data during transitions.

The Association of Professional Insurance Women recognized the Guy Carpenter & Company LLC Global Chief Economist & Risk Strategist at an award ceremony on Tuesday, June 4.

ABI Research outlines radical changes to the auto insurance industry in a new report.

Low interest rates continue to weigh on the annuity industry, but sales of deferred income annuities increased 150 percent compared to last year and set a fifth-consecutive record high in Q1 2013, according to the “Beacon Research Fixed Annuity Premium Study.” Overall, income annuity sales grew 1.4 percent year-over-year.

Insurer elects to use Decision Research Corp. software platform designed to integrate with CIG's legacy policy administration system.

Insurance IT execs and service company leaders sound off on what drives companies to hire third parties and how to make the relationship work best.

In MarketScout’s rate barometer, commercial rate growth holds steady for the third month in a row.

Tornado season peaked in the last two weeks of the May, with several tornado-producing storm systems.

Software deals among all insurers show year-over-year growth in 2012 after three years of slight declines, according to a set of new reports from Celent.

A new survey on claims capabilities benchmarks practices that enable insurers to self-diagnose and prioritize investments in technology spending, process reengineering.

To succeed, Thornton May says IT organizations must focus on offering the benefits of technology, rather than buying it.

AIG has previously stated that it would not oppose such a designation; Prudential has 30 days to decide whether it will appeal the decision.

Brotherhood Mutual Insurance Company, an insurer of churches and related ministries, has selected Thunderhead.com, a provider of customer experience management solutions, to support all enterprise customer communications activity.

While forecasts are calling for more major storm events in 2013, A.M. Best believes the industry as a whole is well-prepared to address potential catastrophic activity because insurers in the space have continually, actively engaged in risk management and taken action to address the growing frequency of such events.

Utica will deploy the STG Billing solution on a private cloud in an effort to improve time to production and enable a secure technology infrastructure.

Penetration rates are flat from last year; one-third of businesses said BI solutions were in use by less than 10 percent of employees.

The majority of insurance software sales in Latin America consist of core systems sold to new customers and smaller insurers, according to “Latin American Insurance Software Deal Trends 2013, Life/Annuity/Health and Property/Casualty Editions,” from Celent, an international financial research and consulting firm.

CoreLogic’s 2013 findings reflect a significant increase over 2012 in both the number of total properties at risk, as well as total value.

Claims resulting from last week's EF-5 tornado total $85 million in insured losses thus far.