Digital distribution

As the company considers its mobile strategy, Waleed Sharaf, VP of Information Technology, ICW Group, discusses some of the possible solutions to address the requirements of several customer types.

Company adds commercial products to its online portal for brokers.

Insurer purchases iGO to power the sales process in its preneed and final expense markets.

Enterprise broker management platform designed for scalability to help integrate operations across the insurer's large network.

With life insurance ownership at an all-time low, a top-tier insurer gets creative in an attempt to meet customer desires.

The Insured Retirement Institute (IRI) released new research indicating that during the past year, nearly 30 percent of baby boomers stopped contributing to a retirement plan, and 16 percent prematurely withdrew funds from a retirement plan. The recession and slow recovery are pointed to as the primary barrier preventing baby boomers from adequately saving for retirement.

Novarica Research Council Impact Award Nominee of the Day: Allstate Financial enabled producers and customers to legally bind an electronic signature to a life insurance application via the internet.

Partnership designed to further straight-through processing for Ebix's insurance agent and carrier clients.

Novarica Research Council Impact Award Nominee of the Day: Capitol Insurance Companies enabled 24-hour access to business tools for agents and consolidated its surety business in the process.

Blue Cross and Blue Shield of Kansas City looks to integrate new private marketplace with existing online enrollment and billing solutions.

Home energy management services suite designed to serve customers via breakdown coverage.

Will touchscreens offering rapid access to new enterprise apps become the norm for insurance carriers?

Insurer to implement FireLight, which is designed for electronic term life insurance business processing.

Novarica Research Council Impact Award Nominee of the Day: Cincinnati Financial transforms independent agents’ process business using ACORD XML standards and real time from agency systems.

GEICO has the simplest brand among U.S. insurers, according to Siegel+Gale released its 2012 U.S. and Global Brand Simplicity rankings today. GEICO, ranked 21 out of 125 U.S. brands, was the only insurer to be considered a “leader,” as Allstate, which was ranked 84th in the United States as the only other insurer listed, was the last brand included in the “middle of the pack” section.

Insurers that have invested in analytics tools in the past year are just beginning to recognize their ability to manage producers and improve their performance with the technology.

Portal to serve Andesa’s ADASTAR Q+ plan administration system.

Insurer hopes e-signature capabilities will improve mobile distribution strategies, enable straight-through mobile processing.

Innovation Insurer upgrade designed to make the experience more customer-centric while decreasing operational and claims costs.

Given a $3 million-to-$5 million bump in budget, almost one-third of insurer CIOs would put the money toward analytics, despite already investing heavily in that area, according to “If I Had $5 Million… Where Insurer CIOs Would Spend Money They Don’t Have and Why,” a survey from Novarica.