Core systems

The kinds of products life insurers will offer will change with digitalization, insurance technology experts said at the 2015 Life Insurance Conference

The implementation was completed in eight months, and leverages FAST’s services-oriented architecture and real-time integration.

Progressive’s Dave Pratt explains the motivation to raise rates on riskier drivers, the stats behind its Rate Suckers ad campaign and why he thinks the new approach will sell more usage-based insurance policies.

Progressive’s “mechanics” will help employees quickly create technology solutions to help with claims, understand driving behavior and improve the customer experience.

The potential for severe thunderstorms is on the map for the Midwest through the Atlantic coast, according to the U.S. Storm Prediction Center in Norman, Oklahoma. Hail and high winds have been reported in six states.

Core-administration suite to be deployed via cloud.

The majority of financial services firms offer social media support and training, according to new research from LIMRA, but a shortage of content and lagging response times are still a hindrance.

Following FAA approval, the insurers soon could deploy drones in catastrophe zones and for other, more routine inspections.

Insurers are using technology to track customers and encourage safe behaviors.

The insurer is among the first to receive FAA approval, allowing the company to begin testing sUAVs to improve post-catastrophe claims response.

Selling the unit could give Genworth the capital to buy back bonds and lower the company’s debt.

The composite rate for personal products was up 2 percent in Q1 2015; commercial lines were unchanged compared to last year.

We explore the nine U.S. states that reported double-digit rate increases in auto claims in 2014, according to CCC research.

CCC Information Services analyzed claims reports from its customers and identified the states where auto claims fell in 2014.

Research finds millenials are more open to leaving employee sponsored plans and most consumers want help selecting ancillary benefits.

The commercial lines carrier is the latest insurer to start a venture capital fund supporting insurance technology startups.

Lufthansa is facing possible financial claims from the families of victims, which legal experts have estimated at around $350 million.

Innovations in security will be aimed at fortifying cloud services, big data, wireless communication and the Internet of Things (IoT), according to Frost & Sullivan.

The superintendent of the state Department of Financial Services, said insurers must provide the information by April 27 and submit to examinations by the agency; 160 life, health and property & casualty insurers are affected.

P&C carrier uses Valen Analytics’ data and predictive modeling to manage and drive underwriting profitability.