Core systems

Designed to manage claims operations for group employee benefits products, the new system replaces an in-house legacy system.

The visible departure of several high-profile employees has not weakened the insurer, but instead created room for others to take bigger roles, says firm’s CFO.

Producers’ status affects unique preferences, and shapes business plans, notes Mintel Compermedia.

Putnam Investments' CEO says 401(k)s need to be improved so that their income stream does not run out too early.

Program administrators and managing general agents are interested in growing through acquisition—in other PAs/MGAs and carriers, according to a recent survey.

The patent-claim elements of Accenture’s 2007 lawsuit against Guidewire were never dismissed.

IIABA study finds that buyers foregoing savings when purchasing insurance.

A study says a failure to implement service catalogs can blunt process improvements.

The rhetoric is heating up as Accenture issues clarification, justification statements in response to Guidewire’s strong response to technology patent infringement charges.

HP's acquisition of 3Com will speed the convergence of networking and storage in insurance company data centers.

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You know that you don't have an enterprise BI strategy if:

Sometimes, no matter how hard you try, it's impossible to make a silk purse out of a sow's ear. A pair of California-based economists probably recognized this following an attempt to construct an “early warning system” to predict another global financial crisis in the wake of the 2008 catastrophe.

Year-over-year growth for Software-as-a-Service is forecast at five times that of the total application market.

Critical to 75% of personal lines P&C carriers, predictive modeling is also becoming a popular pricing tool with commercial lines insurers.

The European Parliament and Council have reached agreement on new solvency rules for insurance companies.

Blue Cross Blue Shield confirms that its laptop containing personal information on healthcare professionals was stolen in Chicago area in August.

The banking committee chairman’s sweeping regulatory reform to limit systemic risk has significant implications for insurers.

The National Committee for Quality Assurance bestowed the “Accreditation with Performance Reporting” rating on the insurer for its health and wellness programs.

AIG's restructuring plan will still rely heavily on government support, advises the ratings group.