Core systems

Company also releases actuarial calculation engine to reduce launch time for new products.

Association to roll out knowledge base and enhance social media capabilities on Website.

All three implementations will be deployed via private cloud.

These statistics surrounding disability insurance and public awareness from Sun Life’s recent report, titled “Will workers in America hope to dodge the bullet, remain blind to the risks or simply hide?” despite becoming familiar sights this month, remain startling given another fact cited by the report: Medical problems contribute to roughly half of all personal bankruptcies and home foreclosures in the United States.

The growth of countries such as China, Brazil and India will inevitably lead to more business being written, and that will need new capital to support it, and more insurers, according to Lloyd’s of London Chairman John Nelson. “The challenge we have is to grow the Lloyd’s footprint into the emerging growth countries,” he said in a statement on the company’s website. “There’s an opportunity for Lloyd’s and for the United States, in the high-growth economies. What I hope to see is a situation where brokers are extending their networks, picking up new business across the world and placing it at Lloyd’s.”

Using the platform, the insurer was able to add new features such as an urgent care finder and information access for non-members.

With Don Desiderato's exit, the research and advisory firm pulls Transamerica’s chief architect to fill the gap.

Insurer looks to Accenture Claim Components software to improve customer service and align with previous policy administration and billing purchases from Duck Creek.

EMC, Employers Holdings, Jackson National Life Insurance, Nationwide and Presidential Life Corporation release their first-quarter figures.

New portal developed by Hanover Insurance Group provides sales agents and customer service representatives with constant connectivity to the enterprise.

Advocacy group presents New York City as the new hotbed for tech startups and IT careers.

With upgrades, a specialty writer aims for improved speed-to-market and process consistency across lines of business.

Two new studies show that the embrace of existing technologies, such as telematics, could soon have a dramatic effect on the insurance industry.

“Although prices are higher, coverage remains affordable and available on a global scale,” said Bob Hartwig, president of the Insurance Information Institute. “It is a steady and stable environment that includes some risk sensitive increases.”

Berkshire Hathaway cracks top 10 for second year in a row; 14 insurers land in the top 100.

As another deadline approaches for the National Flood Insurance Program, advocacy groups are taking to Capitol Hill this week as Democrats and Republicans attempt to put together an amicable long-term extension before May 31.

New York appeals court calls a lower court "premature" for holding Greenberg and former AIG CFO Howard Smith liable, sets the stage for a trial.

Most workers know little about group disability insurance, but when given information about income protection, the majority say they would opt for the coverage, according to a new study.

Life insurance CIOs need to stay on top of technology trends, initiatives and challenges in the industry. Recently, LOMA asked five CIOs to discuss these, and the group turned the focus to communication and the pervasiveness of IT within companies.

Americans are concerned health care costs not covered by insurance will negatively affect their retirement plans.