Policy adminstration

Insurers' tech strategies have expanded but enterprise-level policy administration systems remain a vital backbone.

Frederick Mutual was able to expand into four states and the District of Columbia within two years.

Socotra as the policy administration system for the reinsurer's Greenhouse unit.

Terms of the deal were not disclosed.

Vendor will integrate new claims, billing and distribution management tools into its existing cloud-based platform.

Less than one-fifth of top life insurance carriers have a policyholder smartphone app, according to Aite Group research, leaving lots of room for improvement in leveraging the channel.

But with a variety of software for reinsurance claims management increasingly available, that may be changing.

Company will work with Insurity to develop app leveraging third-party data.

Condo insurer will implement core systems and analytics suite.

Regional P&C insurer deploys PolicyCenter and BillingCenter with self-service tools.

"Smart contracts" provide a shared view of policy data in real-time while helping fight fraud.

Carriers across the industry segment are looking to new partners at an increased rate, says SMA.

Iowa insurer will integrate vendor's software with 17 policy administration systems.

Farmers' subsidiary begins new core instillation with its dwelling fire and specialty homeowners lines.

The mulitline insurer will roll out new policy and billing systems by the end of this year.

Modernizing insurers' IT environments often leads to more reliable data that can facilitate improved processes.

P&C insurer continues long-standing relationship with vendor, in efforts to enhance online customer experience.

Octo specializes in telematics and data analytics software for the auto insurance industry.

Guidewire DataHub will support the Canadian P&C carrier's ongoing data strategy.

With the move, the trucking and specialty transportation insurer modernizes its policy administration infrastructure.