Core systems

Insurer expects the new commercial lines system to streamline operations, enhance workflow and provide agents with a greater ease of doing business.

While generations differ on when and why to make the purchase, life insurance is increasingly being added to financial plans.

From NAMIC, Pete Dailey of AIR Worldwide explains what scientists know about climate change and helps insurers address the uncertainty about what climate change could bring.

A new survey of more than 1,700 teens nationwide, conducted by Liberty Mutual and SADD (Students Against Destructive Decisions), compares the destructive driving habits of parents, as observed by the teens, to those of the teens themselves—and the results are unsettling.

In a new CFO survey from Towers Watson, P&C CFOs discuss which portfolio objectives are being satisfied and why they’re expecting slightly more aggressive investment strategies.

Harnessing in-memory technology, XL Group expects to embed analytic decision management process and application systems across the organization.

Despite the rising cost of initiatives, financial institutions remain determined to thwart security risks, according to a new report from Deloitte.

Initial implementation of STG Billing to concentrate on personal and commercial auto, property and accident insurance.

IT spending growth is expected to settle in at $2 trillion for 2012, according to IDC’s forecast of IT spending in 54 countries and more than two-dozen market segments, such as hardware, software, IT services and mobile.

SMA study finds customers, products, finance and investments next areas ripe for transformation.

BillingCenter to provide billing management system for all Amica’s lines of business.

Contract covers application maintenance and development services in six countries.

Nearly a decade since the enactment of the Terrorism Risk Insurance Act, the industry asserts that a national backstop is still needed.

Separate studies from ING and MetLife show that couples don’t discuss and lack adequate life insurance.

Hurricane Isaac is not likely to be a market-changing event that would tip the balance to a hard property market.

More than half of insurers surveyed now use anti-fraud technology solutions, according to “The State of Insurance Fraud Technology: A study of insurer use, strategies and plans for anti-fraud technology,” from the Coalition Against Insurance Fraud and SAS. However the study found that while the majority of respondents (79 percent) said that special investigations units are the sponsors of anti-fraud projects, other departments typically control the project budgets, which could slow the implementation of the technologies, the study said.

Company to purchase up to $5 billion at $2.50 per share.

Workers’ compensation and commercial property experienced the largest price adjustments.

Reinsurers look to new opportunities for growth as buyers remain tepid.

Island Insurance has selected Guidewire PolicyCenter to replace its underwriting and policy administration solutions. The initial rollout of PolicyCenter will serve Island Insurance’s commercial auto business and eventually will be deployed for all personal and commercial lines.