Core systems

Insurers are caught in a bind when it comes to business growth and preventing insurance fraud, according to a new report from Forrester, titled “Prevent Insurance Crime With The Four Cornerstones Of Better Fraud Management”; growth nowadays—which means emerging technologies such as mobile and social—inherently presents challenges and open doors to fraud risk.

Stagnant fixed income markets make rebuilding balance sheets challenging for life insurers since the credit crisis, Conning finds.

Accenture's life insurance software platform will be employed to help manage 100,000 life insurance policies.

Aite Group asks P&C claims executives for their perceptions of 14 different software and service categories, including claims management system vendors and claims analytics providers.

Gartner cautions that social, mobile, cloud and information are driving new and different business scenarios that insurers ignore at their own peril.

Upon the closing of the most recent transaction of approximately 234.2 million shares, the U.S. Department of the Treasury will have sold the last of its remaining shares and taken a $22.7 billion profit.

New York Life leads life insurers in customer satisfaction; State Farm and Progressive share the top spot among P&C insurers.

While universal life and whole life product lines surge, interest rates and capital requirements hold down lifetime guarantee universal life premiums.

Estimates from the National Insurance Crime Bureau are holding as the firm identifies and removes thousands of damaged vehicles.

In aggregate, commercial insurance prices increased 6 percent during Q3 2012 compared with the same period last year, according to “Commercial Lines Insurance Pricing Survey (CLIPS),” a survey conducted by Towers Watson. This was the seventh consecutive quarter that aggregate prices for all commercial lines rose.

Despite declines from four of the industry’s top life insurance writers, overall life premiums stay relatively flat in the third quarter.

The IT job market grew by 8,700 jobs in November, and has grown by 59,400 jobs over the last 12 months, according to BLS data.

Fitch Ratings expects that revenue and earnings growth for U.S. insurance brokers—specifically Aon, Marsh & McLennan Companies and Willis Group—in 2013 will remain relatively stable.

Insurer anticipates using OnBase throughout the enterprise to connect information in policy management, billing and claims systems.

In November 2012, the overall composite rate for insuring commercial accounts in the United States was up 5 percent as compared to November 2011, according to MarketScout’s Commercial and Personal Lines Market Barometers.

Attorneys General around the country receive notices from the insurer this morning about social security numbers, driver’s license numbers and other personal information of its customers being compromised.

Detica NetReveal’s analytics solution brought in to protect insurer from skyrocketing questionable claims in the P&C sector.

Ward Group recommends statistical evaluation of distributors, as well as increasing collaboration and communication regarding goals and risk appetite.

Consumer demands take center stage as Intact Financial purchases UXP software with the hopes of becoming more agile.

Another report confirms strong quarter for indexed and income annuities.