Core systems

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.

However, uncertainty surrounds ultimate size and shape of the market, as well as its effect on traditional auto insurance, according to SMA study.

Solution designed to ease insurers’ transition to the approaching compliance mandates.

Celent report profiles 13 vendors and offers insights in terms of data sources, service and delivery options.

Industry wide, however, annuity sales dropped slightly in the third quarter.

The top areas for technology investments among workers’ compensation carriers are claims system replacements and predictive analytics, according to Novarica’s new “Business and Technology Trends: Workers’ Compensation” research report.

These can help commercial lines carriers experience expense reduction, growth strategies and improving underwriting results.

Insurers will pay a fee of 3.5 percent of their premiums to sell plans in a federally run health exchange, the government said today in a regulatory filing. The exchanges are new marketplaces somewhat like online travel services where uninsured people will buy policies.

The New York Insurance Association says New York Governor Andrew Cuomo’s mandate to speed the payment of the more than 330,000 claims filed by New Yorkers related to Superstorm Sandy are unnecessary.

The NAIC president comments as House Financial Services subcommittees explore the impact of new standards on the insurance industry.

Aetna, among other insurers, plans to spend millions of dollars to support a group fighting to get coverage for the uninsured.