Core systems

Survey of IT and executive respondents reveals planned functionalities that could turn BYOD into a competitive advantage.

With climate change prompting a transformation, insurers will find opportunity to take on some risk in the energy sector, which will continue to be crucial in the world economy.

From 2008 to 2011, the number of questionable claims suspected of being part of an organized group or ring activity increased by 47 percent, according to the National Insurance Crime Bureau’s “Data Analytics Forecast Report.” However, that number of questionable claims with the OGA referral reason decreased markedly in 2011 and continued to fall in in the first half of 2012.

With Own Risk and Solvency Assessment regulatory requirements approaching, P&C insurers believe the process will improve the link between their company’s enterprise risk management efforts and capital and strategic planning, according to a new Towers Watson survey.

Making agents’ lives easier with these technology advances should be on every insurer's to-do list this year, according to IIABA’s Agents Council for Technology and ACORD’s User Group Information Exchange.

The insurer's Q4 underwriting profit margin this year fell almost two cents on every dollar when compared to results from Q4 2011.

Governor decries "one size fits all" system, calls for reforms to the state's no-fault auto insurance policies.

The CFPB's new rules will reportedly assure that borrowers are warned in advance of force-placed insurance's cost and prevent banks from force-placing policies on many escrowed loans.

Survey outlines both pain points and the most important factors for successful programs of change.

This year, fewer insurers make the list, and all slip in rankings.

Mobile capabilities are expected to prompt a resurgence of business intelligence dollars in 2013.

Insurer looks to achieve greater agility for expansion with new underwriting, policy administration, billing and claims management systems.

Insurance Information Institute’s survey of P&C execs finds majority optimistic about 2013, despite budget battle concerns.

Insured losses from natural catastrophes were greater than $110 billion in 2011, the second-highest figure ever recorded, according to Swiss Re in “Taking a Comprehensive View of Catastrophe Risk Worldwide,” a report from AIR Worldwide. And there is a 6.7 percent probability the insurance industry will experience a loss of this size in any given year. In 2012, insured losses totaled $65 billion, $25 billion of which are attributed to Superstorm Sandy, as estimated by Munich Re.

The clarification of certain rules, as well as information security, were among the topics discussed in two meetings this week.

After a flat 2012 for global life insurance premiums, a new report from Swiss Re has the global growth rate projected at more than 3 percent for 2013.

Ernst & Young’s first Latin American insurance outlook highlights growth opportunities in a market poised for profitability.

Standards organization consolidates with DISA, an organization that focuses on cross-industry electronic standards.

With positions in the Treasury yet to be filled, calls to balance out Lew’s budget-heavy background persist.

Trillium survey finds 75 percent of claims systems should be upgraded or replaced within five years; analytics and better communication present opportunities to improve cost-effective customer satisfaction.