Core systems

Teams that only look at time and budget inevitably end up with a significant backlog of functionality and tech debt that may or may not be funded and addressed.

The announcement has some similarities with Duck Creek's recent acquisition of Agencyport, Celent says.

The aggregate amount of cloud shift in 2016 is estimated to reach $111 billion, increasing to $216 billion in 2020.

More than 1,000 MetLife employees will be offered positions with CSC, which is taking over a closed block of life and annuity policies.

The reinsurer receives full underwriting, claims, accounting, and reporting capabilities, courtesy of StoneRiver, Inc.

At least 25 reports were allegedly altered, according to the complaint.

More than 170 adjusters will receive iPad Pros and iPhone 6s loaded with the Claims Adjust app.

Not all carriers are completely ready to lock in to a cloud-based service model in which core systems’ computing resources are shared and maintained on the Internet.

The new AMsuite platform will support American Modern's refreshed suite of personal lines products.

Carriers will continue to invest in managing and analyzing both structured and unstructured data from telematics, wearables and weather, Celent predicts.

Gartner earlier this month released its latest IT spending forecast. While overall global IT expenditures are projected to be flat this year, software was a bright spot.

With the acquisition, the health insurance technology provider expands its services into the group benefits market.

The agreement fuels recent trends of vendor M&A activity in the industry, as insurtech providers align themselves to create better market position.

Having a vision statement and defining the future state of each business process can greatly aid insurer's core replacement efforts.

The UK insurer expands its current relationship with the vendor, having already deployed Guidewire for billing.

With the move, the insurer expects to improve its rating and electronic archiving capabilities.

Automation of certain processes was cited as a driver in the selection.

The supercomputers model environmental data, including measurements from satellites, weather balloons, and oceanographic observations.

Health payers are taking multi-pronged approaches to make the inevitable transition to value-based care, including the expansion of their data & analytics capabilities.

John Yao takes over tech responsibility at the workers' compensation carrier.