Core systems

Social, mobile, analytics, big data, cloud and digital strategy soon will be basic capabilities, and insurers that get bogged down in ROI studies could miss opportunities.

With the National Association of Insurance Commissioners looking closely at industry- data security practices through a task force, it’s likely that new standards soon will emerge.

IDC Financial Insights says spending on core systems modernization, transformation and optimization is driving the increase.

Rometty will get an incentive payout of $3.6 million, according to a company filing released Friday

Connected cars, the shared economy and other emerging trends will redefine insurance products and create new opportunities for those willing to embrace change, according to research from Strategy Meets Action.

The regulatory group has established a task force to evaluate the insurance industry’s skill at protecting sensitive customer data.

The insurer is working on a suite of new claims payment options that it says will drastically reduce the time it takes to make policyholders whole.

Inadequate systems outranked talent and capital resources in a Towers Watson poll of insurer pain points.

Compared with the office’s estimate in April 2014, which spanned the 2015-2024 period, the new numbers are $101 billion, or about 7 percent, lower.

The Atlas Cloud P&C System is intended to modernize personal and commercial lines operations for regional carrier.

Agency Revolution's software organizes and streamlines agency marketing efforts

After a single auto insurance claim of $2,000 or more, drivers can expect their premiums to rise by two-fifths, according to a study by insuranceQuotes.com, an insurance aggregator and consumer information company.

Two-thirds of respondents to EY’s global insurance CFO survey say that data are not granular enough and technology is outdated.

New York homeowners have filed at least three lawsuits in federal court accusing the insurers of scheming with engineering firms, and others involved in handling claims to deny or reduce damage payouts.

A new report from Corporate Insight examines the user experiences of two insurance firms’ telematics programs and finds participants, overall, liked them but there were differences.

The National Insurance Crime Bureau has issued a warning about stolen cars with duplicate VINs and offers website for verifications.

Deloitte’s Sam Friedman suggests the industry can use its influence to impact the national agenda.

Increased cloud and data management investments also are expected in 2015, according to IDC Health Insights report.

Average global rate is six-percentage points higher than general inflation, according to Aon Hewitt.

The filing will also help the company avoid a Securities and Exchange Commission move to appoint a receiver, which could lead to a liquidation and make an appeal of the judgment impossible.