Core systems

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.

After a decade of falling rates and large profit margins, a new report from Conning urges insurers to review strategies in light of a changing market environment.

Zurich Insurance re-enters the force-placed market for the first time since 2008.

Insurers increasingly concerned about the expanding scope of regulation, escalating compliance costs and risks from privacy violations and breaches of network security.

Insurers will need to look to technology to focus on products and features, while overcoming a complex set of processes at the back end.

Company reports that about $340 million in payments have been made as of November 26.

GEICO has announced iPad application updates designed to make it easier for customers to conduct business and learn about their policies.

American pre-retirees are not taking retirement planning seriously, according to a LIMRA study. Twenty-five percent of the 33 million U.S. pre-retirees, surveyed, said they felt “very prepared” for retirement, down from 30 percent of those surveyed in 2010.

Industry continues to benefit as home inventories and distressed sales decline and prices stabilize.

A recent study from Travelers downplays the risk of digital platforms and transactions.

Predictions from Gartner outline a sprawling enterprise technology infrastructure that includes more SaaS, BYOD and outsourcing.