Core systems

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.

With cloud adoption among insurers at a "tipping point" according to industry observers, we asked carrier technology leaders what the key drivers for cloud investment are at their companies.

The U.S. Centers for Medicare & Medicaid Services hasn’t yet put out final figures on the risk corridor program, S&P said.

The value an insurer can achieve from the powerful combination of a modern policy system and a complete suite of advanced underwriting solutions will far outweigh any effort involved.

The P&C insurer will implement ProcessOne for payments and ContactOne for automated calling and messaging.

The selection is a sign that more large insurers are exploring vendor-provided suites for core systems.

So many systems we view look like they screens were designed by a programmer and, worse, could only be used by a programmer.

Because insurance regulation rests primarily with states, the federal government can’t commit to fully implement international agreements on insurance regulation.

Policyholders can now use their iOS devices in addition to their FitBits to track wellness goals and receive discounts on life insurance premium.

Security, cloud and infrastructure top the list, according to Janco Associates, and recent cyber attacks and data breaches demonstrate the need for continuous reviewed and revision.

Insurer intends to improve internal and external users’ experience with a cloud based implementation, Sapiens said.