Policy adminstration

As investments in data technology rise, so does the urgency to find talent to manage it, which has some in the industry pointing to chief data officers.

Insurers included on the Financial Stability Board's list of global systemically important insurers (G-SIIs) could see a modest improvement in their credit profiles due to the higher risk and capital management standards imposed on them, according to Fitch Ratings.

Among private auto insurers, GEICO and Liberty Mutual post double-digit increases; among homeowners insurers, direct incurred loss ratios shrink as premiums increase, according to SNL Financial report.

Starr Insurance Holdings Inc., a member of the Starr Cos., has selected PolicyWriter as its policy administration platform for its general casualty, energy, environmental and commercial auto lines of business. PolicyWriter is a product of Adaptik Corp.

American International Group Inc. and Allianz SE are among insurers deemed systemically important by global financial rule makers, meaning they may face tougher capital standards and tighter regulation.

Minnesota Department of Commerce finds agents’ dismissal for failing to achieve sales quota violates state laws.

To expand its product offerings, distribution and geographic presence, Nevada General Insurance, a midsize P&C insurer, replaced its Web portal for policy quoting, issuance and endorsements with a packaged solution and integrated it with the policy administration system, enabling agent and direct-to-consumer sales.

Cognizant, a provider of IT, consulting and business process outsourcing services, and XL Group, a global P&C, professional and specialty insurer, announced a mobile-enabled risk-engineering platform for Global Asset Protection Services (GAPS), XL Group’s property loss prevention services business.

Aflac Inc. has hired Julia Davis to serve as SVP and CIO. Davis will oversee the day-to-day operations and the strategic initiatives of Aflac's Information Technology Division. She will report to Teresa White, executive VP and COO of Aflac Columbus.

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.

Insurers in the Software Business: The line between software providers and consumers is blurring

The Financial Stability Oversight Council, a group of regulators led by Treasury Secretary Jacob J. Lew, voted to move New York-based MetLife into a third round of evaluation that may label the company systemically important, the insurer said yesterday in a statement. The designation indicates a firm could endanger the financial system if it were to fail.

Ward Group, provider of benchmarking and best practices services to the insurance industry, has announced the 2013 Ward’s 50 top performing life/health insurers. Each Ward's 50 company has passed all safety and consistency screens and achieved superior performance over the five years analyzed. This is the 23rd year Ward Group has conducted the analysis.

Ward Group, provider of benchmarking and best practices services to the insurance industry, has announced the 2013 Ward’s 50 top performing property/casualty insurers.

Richard Dziadzio brings 25 years of experience to the company, most recently with AXA Group.

Insurer looks for improved time-to-market capabilities with new policy rating platform.

The decision announced last week by the Financial Conduct Authority (FCA) to conduct a market study of add-on financial products is raising one or two eyebrows within the industry.

The largest open long-term care insurance claim made by a female policyholder has reached $1.8 million in paid benefits; the largest claim made by a male policyholder now exceeds $1.3 million in paid benefits, according to a new report from the American Association for Long-Term Care Insurance.

Product changes currently require multiple systems, which drags on time-to-market metrics. That’s why many are eyeing core-product configuration solutions, according to new SMA research.

Years of heavy reliance on vendors to deliver agency systems integration means less responsiveness to customers.