Core systems

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.

While insurers' annuity sales seem to be steady, banks' fixed annuity sales fell 16% from Q3 to Q4 in 2009, and 43% year-over-year.

The insurer selected the 4Sight Business Intelligence for Property and Casualty solution, which offers more than 70 standard reports and dashboards.

Gartner finds organizations drawn to SaaS hype failed to recognize downstream problems.

Sircon for Carriers is designed to streamline a producer’s lifecycle process by automating the licensing and appointing, producer compliance management and agent on-boarding aspects.

A.M. Best, Fitch Ratings and Standard & Poor's (S&P) announced ratings updates. The following are some of the most recent:

Survey reveals that 74% of nation’s insurers are hiring.

Nearly one-third of survey respondents use search engines first when researching policy options.

INN announces a call for nominations for the 2010 Women in Insurance Leadership program.

TransUnion’s Insurance Risk Index falls for the third consecutive quarter.

There is more good news for the life insurance industry as new numbers frame how far the industry has bounced back from the woes spurred by the financial crisis. According to 2009 statutory financial results for top-tier life insurers and life groups from SNL Financial, Charlottesville, Va., U.S. life insurers recovered all of the capital and surplus they lost amid the global financial crisis over the course of 2009.