Core systems

The UP Bill Payment system is intended to reduce staff time spent on processing and support digital usage growth.

Insurers are back in the market for policy administration systems, but what to buy?

IT advisory firm Strategy Meets Action presented Innovation in Action awards to carriers that have successfully undertaken next-generation technology projects in the past year.

The Atlas platform will process rating, underwriting, policy administration, billing, claims management and reporting needs for a Shelter subsidiary.

92 percent of executives, including insurers, say their big data projects are yielding results.

New research from Allianz Global Corporate & Specialty finds that close to 70 percent of financial losses are the result of just 10 causes. Fires, plane crashes and natural disasters all rate near the top of the list.

Extremely low interest rates for investments and years in which losses for reinsurers were relatively low are adding pressure on prices.

Record reinsurance capacity is driving growth capital for insurers.

More insurance companies are undertaking big data projects, especially in actuarial, product development, and underwriting.

The effects can reaching from the hit to companies' and individuals' reputations and careers, morale and stock value, to the heavy toll on the customer service, operations and technology teams.

Mutual life insurer reports that 81% of its reps engage with customers on social media channels to build relationships and grow business.

Cloud can create efficiencies and protect their competitive position, according to survey by SAP and Ovum.

The regions where the trucks were least likely to be recovered were mostly near the Mexican border, according to NICB.

Insurers must catch up with other sectors in responding to cyber threats, says a panel of Deloitte experts.

The growing influence of voluntary products is rapidly extending in the private exchange arena, with both Aon Hewitt and Sun Life Financial announcing recently they will offer voluntary products through their health care exchanges.

The expanded relationship will include management and maintenance of critical business applications.

Emerging technologies are putting pressure on insurers to develop new models for customer-engagement.

Prices continue to moderate; commercial property prices declined for first time in three years, according to CLIPS report.

Users are sticking with familiar consumer tools to share corporate documents and access them from mobile devices.

Acquired by Symphony Technology Group, Aon will continue to offer risk, claims and safety services and applications to clients.