Core systems

There have been rumors of divorce, but this aging couple is more likely to renew its vows.

Texas-based P&C will deploy SaaS solutions from One, Inc. to boost retention while streamlining internal business processes

Swiss insurer Zurich, grappling with a surge in claims, abandons a $8.7 billion offer for RSA Insurance.

Whether Excellus BlueCross BlueShield learned that it had suffered a cyber attack because the organization or a contractor was looking for signs of hacking, or learned from a law enforcement agency is not clear, as the company isn’t saying much about the incident outside of formal announcements.

Insurance software and consulting firm Majesco and Deloitte Consulting LLP are extending their partnership, which is intended to help insurers implement Majesco’s core solutions and realize system consolidations, improved flexibility, quicker response to market and regulatory changes, and increased speed-to-market for new products.

Insurance core systems technology company Insurity Inc. now offers integration with Social Media Risk Scoring, predictive analytics technology from tech firm Social intelligence.

Swiss insurer Basler Versicherung AG Schweiz has implemented Guidewire’s PolicyCenter and BillingCenter, as well as Guidewire’s Client Data Management and Rating Management applications, to support its property line of business, Guidewire said.

The application includes a flow of claims data and information with the insurer’s claims administrator, CatManDo Inc.

Julie Stephenson has been appointed senior vice president and chief underwriting officer for CNA Commercial; she will report to Kevin Leidwinger, president and chief operating officer, CNA Commercial, and will be based in Chicago, CNA said.

By streamlining, automating and optimizing Tryg's underwriting support, policy administration, claims processing and customer care services, the insurer expects to become more customer centric, agile, digital and responsive.

Three-quarters of respondents to a Towers Watson survey of P&C claims leaders cited effective implementation of data and analytics as a challenge.

The joining of two more global technology firms creates another global technology services giant in the financial services space. But why so many? And what does this mean to us in insurance?

The two companies have complementary technology for insurance, payments, risk management, asset solutions, and retail and corporate banking, FIS said.

PartnerConnect consulting partners now are able to deliver cloud-based applications that combine Guidewire products with their own content and services, as well as complementary third-party products in a hosted environment. Inaugural partners include Capgemini, EY and PwC.

Texas Mutual Insurance Company, provider of workers’ comp insurance, has selected Guidewire’s DataHub and InfoCenter to support its enterprise-wide data management and business intelligence strategies, Guidewire said.

Private equity investment firm Thoma Bravo LLC has acquired the provider of cloud-based straight-through processing technology for an undisclosed sum.

Many insurers find that legacy billing technology limits efficiency for internal operations, effectiveness of customer service, the speed to market for new or modified billing features, and can be an obstacle in delivering capability to agents and policyholders.

Xpertdoc, a Microsoft Gold partner, will host the software on the Microsoft Azure cloud platform.

Insurance companies are major consumers of IT outsourcing services, but there are hints that carrier CIOs are rethinking their outsourcing strategies.

New system will run life and disability income products in the Caribbean initially.