Core systems

New data from Novarica’s most recent IT roundtable finds that while P&C insurers are focusing on data capabilities, speed to market is a particular point of emphasis for life/health insurers.

Allstate, The Hanover, Travelers and five others announce quarterly results.

The tech provider will distribute PilotFish software with and without LifeSuite bundle.

While 98 percent of recently surveyed insurers plan to increase their social media use in 2013, none of the respondents said their social tools are “excellent.”

Veterans of the AIG bailout are now helping ING U.S. prepare for the scheduled sale of as much as $1.54 billion in stock.

2013 Terrorism Risk Insurance Report outlines current marketplace as well as potential effects of letting the coverage expire.

J.D. Power ranks top 24 insurers based on purchasing experiences, satisfaction; survey also finds that when consumers do shop for insurance, almost half switch insurers.

This formerly discounted, underinsured and underpenetrated generation now presents a larger sales opportunity than boomers.

Property/casualty CEO in Americas was joined by the president of the Latin American and Caribbean P&C division, the President of Lexington Insurance and one other in his departure for Berkshire Hathaway.

Survey finds chief investment officers more optimistic and aggressive; interest rates supersede the European debt crisis as their primary macroeconomic concern.

The average year-over-year increase in insurers’ 2013 IT budgets was 6.3 percent; policy admin, underwriting and two other areas consume just over half of total new project resources, according to a recent survey of 24 CIOs.

The proportion of life insurers now offering e-signatures in their dealings with customers or agents has increased to 74 percent from 47 percent over the past five years, according to “Have E-Signatures Finally Arrived? An Update for Life Insurers,” from Celent, a research and advisory firm.

Industry sees improvement in pre- and after-tax income, underwriting results and combined ratio in 2012, but the improvements pale in comparison with long-term norms.

Of those currently using smartphones to make payments, 60 percent said they would increase their usage if they could track receipts, manage personal finances (56 percent), or show proof of insurance (56 percent) or a valid driver’s license (54 percent).

Survey reveals an awareness of the gap in coverage among U.S. homeowners, even as annual flood-damage costs continue to soar.

Growing staffs and catastrophe claims are not the main reasons costs are rising. Instead, severity is canceling out the efficiencies technology is creating, according to an analyst at this week's CEB TowerGroup Financial Services Technology Conference.

The Director of the Federal Insurance Office, Michael McRaith, is calling for the submission of information regarding natural catastrophes and insurance for a report to be submitted to Congress, an FIO report mandated by the Biggert-Waters Flood Insurance Reform Act of 2012.

First-quarter earnings excluding one-time items were $2.94 a share, 56 cents higher than the average of 19 analysts’ estimates compiled by Bloomberg. Full-year profit is now forecast to be at least $7.80 a share, the Indianapolis-based health plan today said in a statement.

Adventist Risk Management looks to improve operational efficiencies, customer experience through the purchase.

New report from International Data Corp. tracks software sales and outlines the shift toward social business and customer experience.