Policy adminstration

Company says latest version of PAS includes more than 50 business and technology enhancements to streamline processing, expand new product functionality and offer access to data.

Arch Reinsurance Ltd., Hannover Re and Southport Re enter quota share agreements, with financial results to be made available the second week of October.

The federally run exchange received 4.7 million unique visits in its first 24 hours, the U.S. Department of Health and Human Services said. A federal call center received more than 190,000 calls as well.

The amount and qualification requirements of the coverage adjusted to meet 2014 regulations.

Customer centricity requires that insurers open their systems and processes to new users, data sources and connectivity options, which have exposed the inadequacy of many legacy policy administration systems in a market newly driven by consumerization. Here's a look at how insurers are stacking the deck to ensure success.

Not so long ago, there was plenty of vision but no template for how to interact with technology-enabled consumers, but it's getting better.

The new platform-as-a-service expands the product’s reach into specialty commercial lines, company said; availability in overseas markets expected within the next year.

The vendor response to many insurers' business requirements is often "configuration," which SMA notes as the top tech priority for PAS replacements.

The landscape is littered with applications that were promising when they entered development, but as technologies have become "consumerized," state of the art is an even faster moving target.

Many insurers already had counter-measures against such competitors in place, in the form of strong web-based offerings and strong agent networks.

Policy designed for packagers and co-packers to cover product recalls, product contamination or manufacturing errors & omissions.

In New York, officials said the exchange had 2.5 million visitors in the first half hour and California reported seeing as many as 10,000 hits a second.

In wake of the confusion among homeowners policyholders after Sandy, Benjamin Lawsky, superintendent of New York’s Department of Financial Services, calls for more simplicity, standardization from insurers.

New chairman, chairman-elect, vice chairman; and executive committee member announced by the the Independent Insurance Agents & Brokers of America.

BI and data warehouse software designed to enable better business decisions by making more data available.

Acquisition intended to expand Quindell’s outsourcing presence in the United States.

Insurer seeks to improve its abilities to rollout standard ISO-based lines of business as well as customize specialty lines configuration tools.

Many app developers fear the mainframe, and mainframe operators are suspicious of apps — here's how to bring these two worlds together.

Veterinary Pet Insurance has released its 11 contenders for the most unusual claim of the year award.

The new unit is intended to improve underwriting support and service and centralize product delivery and development.