Core systems

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.

Based on recent survey results from Aon Consulting, actuaries expect costs to rise an average of 10.6% during 12-month rating periods starting this year between April and September.

Association says proposed changes to the arbitration system are unfair.

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Letter asks senators to scuttle Insurance Information Act

The Chicago vendor is endorsed by the Independent Health Insurance Agent Association (IHIAA) for its suite of quote engines, agent Web sites, e-mail autoresponders and lead management systems.

A survey of driving habits shows that annual mileage driven on American roads is declining, mainly because of a reduction in discretionary use of vehicles.

Washington - The National Oceanic and Atmospheric Administration (NOAA) offered some dire predictions today, stating that the Atlantic hurricane season will be more active than forecasters first predicted, with up to 10 hurricanes expected to form.

A new report says because of their ubiquity, producers must strive to make their portals exceptional.

Based on their banking colleagues experiences with the implementation of the Basel II accord, Aon recommends European insurers ready themselves for Solvency II long before 2012.

Health insurer expands an online community of healthcare information sharing.