Core systems

Purported $14 billion acquisition of AIG’s Alico would boost presence in Asia.

Due to banks' sales success, life insurers are designing simpler products for bank reps to sell.

The solution provider targets insurance company executives, underwriters, business analysts, product managers and IT professionals with its 10-minute online video.

BlueCross and BlueShield of Tennessee has announced the theft of identifiable data that affects an estimated 500,000 members.

Given the severity of the economic downturn, the U.S. property/casualty insurance industry has performed remarkably well in recent years, a group of industry experts observed in a panel discussion.

The ambiguity surrounding the Obama Administration's proposed Financial Crisis Responsibility Fee is causing insurers consternation.

A study released this week by security firm Symantec found that mid-sized enterprises are more likely to adopt cutting-edge technologies.

Cadillac Tax, insurance, health insurance, labor unions, organized labor, excise tax

Looking to recoup taxpayer money used to bailout financial institutions, the Obama administration is proposing a “responsibility fee” on large financial institutions, possibly including insurers. Levied on the debts of financial firms with over $50 billion in consolidated assets, the fee is intended to deter financial companies from overleveraging themselves.

Health insurer Harvard Pilgrim Health Care Inc. will develop a pilot of the Food and Drug Administration's Sentinel System to better monitor the safety of regulated medical products. The one-year contract with four renewable years is worth a total of $72 million.

Health insurer Harvard Pilgrim Health Care Inc. will develop a pilot of the Food and Drug Administration's Sentinel System to better monitor the safety of regulated medical products. The one-year contract with four renewable years is worth a total of $72 million.

It’s no secret that the world’s problems in health, education and unemployment can largely be traced to the global fiscal crisis.

In a new user survey, a majority of respondents expect business intelligence (BI) to continuously grow worldwide, though most remain unsure about the value of analyzing data from social media sites. The global survey was conducted by Baseline Consulting and Kognitio, a provider of BI and data warehousing solutions.

Forrester Research recently predicted the technology sector is will see a recovery in 2010. The same could hold true for the property/casualty insurance industry. According to a survey conducted by the Insurance Information Institute (I.I.I.) at its 13th annual Property/Casualty Insurance Joint Industry Forum, 77% of executives in the property/casualty industry expect financial troubles to diminish in 2010.

Microsoft and HP today announced a $250 million technology development partnership and a series of software/hardware/service rollouts that HP CEO Mark Hurd called "the deepest level of collaboration and integration" in his company's history.

Though relatively unfazed by the financial crisis, a continuing soft market will present problems for property/casualty insurers, a new report finds.

After declining 8.2% in 2009, Forrester predicts IT spending in the U.S. will grow a healthy 6.6% in 2010 to $568 billion. Global IT spending, which fell 8.9% in 2009, is expected to rise even further, by 8.1% in 2010 to more than $1.6 billion.

Small insurers are seizing the chance to address consumers’ unmet needs, giving the market segment a sizable share of the overall property/casualty market and strong positions in some specific market niches, according to a new study by Hartford, Conn.-based Conning Research & Consulting.

The ongoing impact of the financial crisis, coupled with the specter of greater governmental oversight, will color the outlook for the life insurance industry in the year ahead, according to New York-based Ernst & Young’s Global Insurance Center 2010 U.S. Outlook.

Business analytics software as a service is expected to grow three times as fast as the total business analytics software market in the 5-year period between 2008 and 2013, according a new study from market researcher IDC.