Core systems

Largest reinsurer in the Middle East signs multi-year license for GEMS economic scenario generator.

The need to find alternative avenues for growth and for investment returns, combined with a fear of technology companies disrupting insurers’ business models, has led to renewed interest.

A consolidation with Humana or Cigna carriers is an “imminent” possibility, according to Leerink Swann analyst Ana Gupte.

The specialty insurer is running its data breach protection business on GameChanger via Microsoft Azure cloud.

With 10 notable mergers in the insurance IT space so far this year, carriers need to look for signs of stability in tech partners, industry observers say.

New claims system is intended to automate workflows, improve user experience and offer analytics around fraud and profitability.

Insurance technology vendors across the value chain are identifying merger and acquisition opportunities at a healthy clip. We recap several deals already completed in 2015 and more.

The church insurer now is deploying PolicyCenter to modernize is policy admin system and support growth plans.

The church insurer now is deploying PolicyCenter to modernize is policy admin system and support growth plans.

With Capgemini as its systems integrator, the insurer now moves from personal to commercial lines for claims transformation.

The goal of the underwriting, rating, and reporting revamp is increased speed to market.

The issue is particularly resonant to health insurers, who have been breached twice this year already.

Mercedes Benz’s Highway Pilot technology comprises a front radar, stereo camera and adaptive cruise control and lane-keeping and collision-prevention functions to regulate speed, braking and steering.

Low yields on government bonds mean euro-area life insurance firms are suffering from more severe stress than they incurred in recent tests.

While commercial lines rates remain flat, auto and other personal lines insurance rates are going up a couple percent at a time, according to Marketscout research.

The Canadian insurer will deploy ClaimCenter across all its lines of business, which include home, auto, business, marine, and travel.

100-year-old P&C insurer to deploy cloud-based SurePower Innovation enterprise suite in effort to modernize and automate policy admin processes.

Research from the company finds that 31% of insurance companies are already using wearable technology to engage customers, and two-thirds expect broad adoption of the technology within two years.

AIG, which is already using drones for inspections in New Zealand, is among the companies leading the charge for clear drone rules.

UHC says it is partnering with three telemedicine companies – Doctor On Demand, Optum’s NowClinic and American Well – to cover visits with a doctor via video technology, just as it would for in-person visits.