Core systems

With all the reports about how much insurers plan to spend on technology in 2011, little has been written about the impetus behind the decision. For carriers focused on compliance with regulatory bodies (which comprises the bulk of insurers), the strongest incentive for technology investments is risk management.

Association will focus first and foremost on working with regulators on implementation of the Dodd-Frank Act.

Fitch’s methodology is based on strategy/franchise strength, sensitivity to the insurance pricing cycle, earnings performance, and funding and capital.

Throughout the United States, arson, motor vehicle theft, larceny-theft fell and burglary all decreased this year, says FBI.

Vendors serving the insurance industry make analyst's year-end list.

Treasury secretary testified before Congress yesterday, saying that the bailout will show a "positive return."

It's illegal to text while driving in most U.S. states. Yet a study by researchers at the Highway Loss Data Institute (HLDI) that tracked four states’ claims activities before and after such laws were passed finds no reductions in crashes after laws take effect.

New report details principles of document management in insurance.

Guidewire ClaimCenter enabled Everest National to capture more and better data, and provide better operational reports and on-line management tools.

After procedural hurdles held up the vote for much of the day, the House reconvened in the evening to settle the terms.

New life insurance premiums sold through banks in Q3 2010 hit $512 million, up from $225 million in Q3 2008.

Regulatory, economic uncertainty cloud life and annuity carriers’ growth potential, making delivery of new products, cost cutting now mandatory, notes Ernst & Young report.

Gartner report offers new strategies for IT leaders.

Insurers may be interested to note the results of the study released by the Basel Committee on Banking Supervision.

Five severe weather events, one winter-based storm, two earthquakes and two floods comprised the top 10 insured loss events, says Aon Benfield

Chronicling insurers' continuing challenges combating auto theft, Insurance Bureau of Canada (IBC) today released its annual list of most frequently stolen vehicles.

Farmers survey cites Madison, Wis., as most secure large metropolitan area in United States.

Rep. Barney Frank plans to defend the Dodd-Frank Wall Street Reform and Consumer Protection Act from Republicans, and he made it clear he's willing to get personal.

Study of online acquisition methodologies notes lack of swift follow-up, other inefficiencies hampering insurance carriers.

The current mind-set of most P&C insurers in India is to utilize technology as a tool to realize efficiencies and streamline operations at the same time, keeping the focus on growth and reduction in costs, according to a new report from Celent. The sector is expected to invest close to US$1.43 billion in technology by 2014.