Core systems

Congress fails to reauthorize the Terrorism Risk Insurance Act before adjourning for the year, undoing a program for shared public and private compensation for insured losses resulting from acts of terrorism.

It's going to be an interesting year. Here are the top trends that will shape the casualty insurance market in 2015, according to Marsh's US Casualty Practices.

The ruling subjects MetLife to stricter Federal Reserve oversight; the insurer can appeal in U.S. district court within 30 days.

The Chief Analytics Officer (CAO) takes the spotlight; the healthcare industry will leapfrog other sectors in data analytics innovation; and, the Internet of Things makes big data even bigger within the enterprise.

Peter Hahn, head of predictive analytics for Zurich North America, shares his insights on successfully finding, hiring and keeping people with the hottest skills.

The web-based, policy, billing, claims and reinsurance insurance administration system from Maximum Processing is intended to help the insurer improve client offerings, productivity and operational efficiencies.

The cloud has become a significant part of the IT environment at many organizations, as they adopt public, private and hybrid cloud strategies. Here are some of the interesting developments in the area of cloud services during the past year.

New offerings target MGAs, TPAs, workers comp, self-insureds and mutual carriers

IT modernization effort focuses on more adaptive product roll-outs and improved customer experience.

Blind-spot and lane-departure systems are immature, and drivers must still learn how to use them, according to AAA engineering experts.

The insurance industry’s list of cars and trucks that do the best job of keeping owners alive in a crash jumped 82 percent this year against a backdrop of U.S. recalls of older models that were killing their passengers.

Claims solutions from Accenture and Guidewireare deemed best in class for technology, functionality and customer service.

By leveraging a managed SaaS solution, the global insurer gains greater flexibility across both its internal and customer-facing processes.

J.D. Power and RIMS report that large business commercial insurance customers are most satisfied when insurers and brokers deliver on customer service, price and claims.

The near failure in 2008 of American International Group Inc., which required a $182.3 billion bailout, highlighted the risks of insurers.

Minority of consumers and administrators think the system is on the right track.

Insurance Technologies’ ForeSight and FireLight streamline the end-to-end sales process in the office or in the field.

New technology from Vlocity enables Silicon Valley broker to quickly connect a Salesforce front-end to its Vertafore back-end.

The insurer expanded this year to more than $900 billion in assets, passing Goldman Sachs Group Inc. to become the fifth- largest company in the Standard & Poor’s 500 Index on that basis.

Efforts to reauthorize the Terrorism Risk Insurance Act for six years fell apart after Senator Tom Coburn, an Oklahoma Republican who is retiring, held up the legislation.