Claims

Support of Microsoft SQL Server has been added to The Innovation Group’s Insurer Suite. It has been validated with performance and efficiency testing in Microsoft's Redmond labs, Innovation Group said.

Zurich’s special investigations unit in North America has adopted the latest version of ISO’s ClaimDirector fraud analytics service to better detect and prevent fraud.

As the industry entered hurricane season last month, its reserves ready for paying out claims topped $600 billion.

In the first half of this year, 460 loss-relevant natural hazards occurred, exceeding the 10-year average of 390.

Main goal of consultative service will be to create personalized plans for improving financial and operational efficiency, as well as a strategic road map.

Software designed to provide technical loss adjusting to niche markets, such as energy, marine, aviation and mining.

Website also designed to enable an electronic payment method called ePayment Plus.

Not just for fraud anymore, predictive analytics can extend into other areas of claims such as adjuster assignment, loss-adjustment expense and decision-support, but there are challenges to overcome first.

Aite Group research recommends smaller insurers leverage new technologies to eliminate disadvantages of scale; describes opportunities to cut losses and 10 startups offering applications to address those opportunities.

New data from the National Insurance Crime Bureau ranks the 15 places in the United States with the most vehicle thefts.

Accenture has released new versions of its policy administration, claims management and billing software for P&C insurers, intended to support faster development of insurance products, increase speed to market and improve ease of use for the carrier, agents and policyholders, the company said.

Insured losses from the last two months for the insurer reach nearly $550 million.

Ratings, underwriting, policy administration, claims and billing platforms included in purchase of InsuranceSuite.

The Philadelphia Contributionship purchases processing solution in an attempt to modernize policy administration and core business operations.

Additional services such as grief counseling and coverage coordination result in more business, recommendations and positive perception, according to LIMRA survey.

Software designed with modular components for improving sales, claims administration and reporting.

The Affordable Care Act has had the unintended effect of boosting developing private exchanges markets where uninsured consumers compare and purchase high-deductible health insurance plans (HDHPs), according to Aite Group. As a result, the U.S. has 75 million HDHP consumers who have a serious reason to be more price-sensitive than traditionally insured consumers, the research firm said in its report, “Transparency in Healthcare: A New Market.”

Insurer bolsters claims operations with additional staff and by partnering with a catastrophe response firm, as well as enabling a toll-free number for filing claims.

Tornado season peaked in the last two weeks of the May, with several tornado-producing storm systems.

A new survey on claims capabilities benchmarks practices that enable insurers to self-diagnose and prioritize investments in technology spending, process reengineering.