Core systems

The company's chief claims officer says the claims function has evolved in such a way that it now requires more sophisticated technical expertise and the ability to coordinate diverse and complex information systems.

Survey of reinsurers confirms that property catastrophe data integrity impacts reinsurance pricing, and predicts that implementing world-class data quality controls and management practices has the potential to create a win-win for all parties.

When asked, "What is the top issue facing the insurance industry?," 44% of survey respondents chose competitive price/adequate profitability.

Swiss Re contends a country risk officer, comparable to the role of a chief risk officer, is a useful model to develop an integrated perspective across the social, economic and environmental risks of a country.

Association says the proposal to reclassify indexed products as securities is unnecessary.

Replacing its existing system, Kaiser is betting that Pegasystems’ Customer Process Manager for Healthcare packaged solution will drive first-call resolution rates.

The office will contain the growing post-production client support services group as well as insurance business analysts, project managers and insurance technology staff.

Chicago-based broker pays $1.75 billion to acquire British reinsurer.

A new study says Americans would pay billions if Congress passes the Hurricane Insurance Proposal and another Katrina-like storm strikes.

Indianapolis — Blue Cross & Blue Shield Rhode Island (BCBSRI) has inked a deal with WellPoint NextRx, an independent pharmacy benefit management (PBM) company and a division of Indianapolis-based WellPoint, Inc., to offer the SureScripts-RxHub to physicians in Rhode Island.

New reports cite implications of vendor mergers on the important functions of creating and managing documents.

Sacramento, Calif. – Julie Davis believes that women working in insurance have the unique skill sets and innovative ideas that are keys to reforming the industry, and that risk-taking in bringing forth these innovations should be rewarded. The problem, Davis said, is that risk-taking is something women tend to avoid in the insurance industry.

Newark, N.J. — A new research report from Prudential Financial Inc. finds an increase in the average cost of long-term care ranging from 5% to 13%, varying by type of service, in the past two years alone. The findings are significant in light of data from the U.S. Census Bureau, which estimates that by 2030, the number of Americans aged 65 and older will more than double to 71 million, comprising approximately 20% of the U.S. population.

Tallahassee, Fla. — The travails of Allstate Cos. in Florida are at an end after the company reached a limited agreement with the Florida Office of Insurance Regulation.

Sweeping action to overhaul insurance regulation unnecessary, association says.

Association says bills affirms state-based regulation of the insurance industry.

The MIB Life Index reports that North American application activity for individually underwritten life insurance was down last mont, off -0.2% year-over-year.

Forrester Research lists service-oriented architecture (SOA), business process management (BPM), mobility and X Internet as trends that will drive a dramatic change in technology adoption and use.

A new reference model should hasten efforts by insurers to achieve straight-through processing.

New research finds that incorporating analytics into governance, risk management and compliance (GRC) initiatives offers organizations the opportunity to capitalize on improved operational efficiencies.