Core systems

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.

Less than 1 percent of the losses are covered by insurance, according to Kinetic’s initial data from the main quake. The estimates exclude costs for immediate needs such as food.

Top 25 insurers ranked; J.D. Power study finds more people are shopping rates, but fewer are switching carriers.

Workers comp insurer intends to automate processes and enhance its capabilities for agent and customer service.

While many aging, generally mainframe-based systems, remain capable of supporting basic policy processing and accounting functions, the costs associated with enhancing them are becoming increasingly problematic.

Industry groups sought legal protections that would encourage information sharing to help prevent increasingly damaging cyber-attacks.

The Munich Re unit has made an investment in Waygum, Inc., a technology startup that is building a mobile app platform for the Industrial Internet of Things.

The Automated Mobile Hail Estimating device uses high-definition cameras to accurately estimate hail damage.

Property-and-casualty policy sales fell 2.9 percent in the first quarter, Zurich-based Ace said, driven partly by currency fluctuations and declines in the agriculture business.

Four of five insurers say their underwriting staff are hesitant to adopt predictive analytics because they fear the technology will replace them, according to a Valen Analytics survey.

New research from Novarica highlights areas of concern and offers insights on insurers spending and budgeting decisions.