Core systems

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.

Financial modeling continues to grow, though at a slower pace than in 2011, survey finds.

Research firm expects tablet shipments to outpace the entire PC market (portables and desktops combined) by 2015.

P&C operating results improved substantially, however, investment yields declined, as the impact of lower yields on reinvestments offset growth in the industry’s invested asset base.

As technological change accelerates and adoption rates soar, 10 pivotal trends loom large at the top of management agendas.

Ingenie, an auto insurer targeting young drivers, has selected SAS Office Analytics to analyze large volumes of data on driving behaviors and patterns in an effort to improve customer pricing accuracy and insurance premiums.

Specialty insurer chooses rating, underwriting, policy administration and billing software for workers’ compensation line.

Alaskan Governor Sean Parnell has signed two pieces of legislation designed to modernize insurance laws in Alaska and enable more online transactions and interactions.

The Healthnation system is expected to perform various financial management functions, including invoice generation, invoice aggregation, premium collection, premium processing and disbursement.

Several forecasts predict four major hurricanes and 10 or more total.

Upgrade designed to enable the Choctaw Nation of Oklahoma to track hierarchy, multiple program locations and divisions across all lines of business.