Core systems

NIBC reports staged-accident questionable claims skyrocket 46% from 2007 to 2009.

Insurers still focusing IT dollars on delivering core systems and much-needed support for the business side.

Lack of communication, persistence of silos among the factors hampering risk management at an enterprisewide level.

The stalwart reputation garnered by global insurance companies over the years may be fleeting, according to a report by rating agency A.M. Best.

While the workers’ comp calendar year combined ratio was 110 in 2009—up 9 points from 101 in 2008—the market still faces a host of challenges, says NCCI Holdings.

For the second consecutive month, the U.S. Bureau of Labor Statistics reports insurers reduced their ranks, and has seen a 3.2% loss in jobs over the past year.

Having weathered the financial storm, life insurers need to shift away from rebuilding capital and towards premium growth, according to a new study by Hartford, Conn.-based Conning Research & Consulting.

As legislators craft reform measures for the financial services industry, insurers are asking to be excluded from funding a bailout mechanism for systemically risky companies.

RMS’ portforlio management platform, Miu, includes event mapping and historical cat event analysis features, and the ability to compare historical scenarios with future risks.

Forrester survey finds knowledge workers seeking agile, self-service business intelligence tools to ease backlog.

Novarica reports reveal that policy admin projects are now designed to deliver business capabilities or replace unsustainable systems, not necessarily to reduce costs.

The debate devolved into partisan gridlock as both sides clashed over how much power to give to a new consumer protection bureau.

The insurer, which needed a hefty government bailout, reported a profit of $1.45 billion as a result of fewer writedowns in the quarter.

Progressive Insurance has become a financial sponsor of the Real Time/Download Campaign, an initiative to drive greater efficiency through the Independent Agency System.

The oil slick befouling shores in the Gulf of Mexico is also set to sully the insurance industry’s bottom line.

And so the soft market continues to slither on. Premium and corresponding rates for all lines of commercial property/casualty business in the United States were down 4% in April, mirroring a steady trend throughout the beginning of 2010, according to the latest MarketScout Market Barometer.

White paper says a federal regulator could work in concert with state insurance regulators.

As insurers continue to investigate their next data storage project, or weigh the pros and cons of cloud computing, virtualization or any a document management project, one of the oft-forgotten items is the actual volume of data that they store, and how it's expanding at an almost exponential rate.

New report surveys the impact of aging U.S. vehicle fleet on policyholder decision-making and spending.

In joint letter to legislators, trade associations ask that insurers be excluded from resolution funding.