Core systems

Korea’s largest non-life insurer’s goal is to use predictive models to enhance fraud detection processes.

CSC has launched a four-stage, pragmatic program for financial services firms to use cloud services to gain flexibility and agility in their computing environments. CSC says it is leading financial services firms to the cloud, without jeopardizing high-performance, security and compliance requirements. The staged approach is described by CSC as progressing from early use of low-risk, horizontal shared services to deployment of ancillary applications, and then a cloud-enablement of mission-critical applications, all in parallel with the introduction of unique, cloud-only functions.

Members of the National Association of Insurance Commissioners (NAIC) held a special interim election during a conference call. Louisiana Insurance Commissioner James Donelon was elected NAIC VP and Illinois Insurance Director Michael McRaith was elected NAIC secretary-treasurer.

For younger employees, the possibility of an enjoyable retirement is dwindling.

Gartner research points to increased investment, though many still won’t see ROI.

Top companies in our survey grind down costs by consolidating IT and rationalizing processes. They’re growing faster as well.

Insurers that outsource the IT and administration of policies underwritten years ago can improve customer satisfaction, lower costs, and even reduce capital requirements.

Financial legislation requires surplus lines producers to participate in a national database for licensing and renewals.

The highest-priority initiatives continue to be policy admin and BI, with claims, agent portals and commissions also of importance.

The top 25 life/health insurance writers continue to set the pace for the larger U.S. industry, which saw a 2.6% increase in nine-month net premiums written to $424.2 billion. The increase is the first since year-end 2008, according to A.M. Best, which released its list of Top 25 U.S. Life/Health writers today.

New Celent report studies how carriers can maximize ROI of business process management technology.

Research firm believes maturing cloud technologies and server virtualization will dominate enterprise infrastructure software and initiatives in coming year.

With insurers storing vast amounts of potentially sensitive or embarrassing information, a risk mitigation culture must pervade the enterprise.

In its plan to recapitalize, AIG hopes to break ties to the U.S. government.

Product to offer better management of its portfolio of insurance-linked securities.

While there's a sense of optimism surrounding the greater IT jobs market, insurance IT pros face much gloomier prospects.

Just 15% of health care CIOs surveyed were confident they could meet the April 1, 2011 deadline to qualify for meaningful use incentives.

New research identifies virtualization mistakes.

Insurers may be interested in keeping up with the ongoing challenges banks face in enabling consumer phone transactions.

Rep. Spencer Bachus says he will revisit Dodd-Frank to remove any undue burdens on taxpayers.