Policy adminstration

Eurobase Insurance Solutions, a global software and services provider to specialty and reinsurance markets, announced its platform, synergy2, this week at the ACORD LOMA conference in Las Vegas.

It may sound like an oversimplification to say that Data Mastery (DM) is the ability of an insurer to gain mastery of their data, so perhaps it would be better to say that DM is the ability of an insurer to gain business insight from raw data.

Celent’s first U.K. CIO Roundtable lends a varied discussion on the future of IT operations as well as engaging suppliers of innovation.

Gartner’s Harris-Ferrante, Celent’s Johnston and Novarica’s Josefowicz discussed and debated the changing insurance landscape, and suggested strategies and tactics for insurers.

IBM says software should enable the insurer to turn social media into an actionable communications channel.

High losses come despite a dramatic decrease in the number of tornadoes last month.

ViewPoint and Claim Canvas are cloud-based apps designed to be implemented within days by insurers with Guidewire software.

Small- to mid-size insurers are investing in PAS transformations more than ever, but most of them have yet to experience the growth in core business and delivery capabilities that they're looking for.

Berkshire Hathaway was listed fifth overall on the 2013 Fortune 500; Berkshire was the top-listed insurer out of the 36 that appeared overall. 11 insurers were landed in the top 100. In 2012, 14 insurers were in the top 100 and 46 were listed among the Fortune 500.

Ninety-eight percent of insurer respondents indicated that they have a woman serving in an executive position within their company, according the new “Women in Insurance Leadership Insight Report.” Yet, there is only one woman CEO at either a Fortune 500 or 1000 insurance company.

Insurance-specific technology consultant from Deloitte brought in by insurer to lead IT operations.

eSignature integration is intended to facilitate interactive claims correspondence and on-demand policy issuance applications.

Reinsurance administration system to replace the insurer's current legacy system.

Insurer will customize and brand the mobile app while integrating it with their core back-end systems using existing Web services.

According to Sapiens, the product is designed to enable carriers to build, maintain and leverage a centralized repository of reusable business rules and logic, which is designed to provide a single source for enhanced business decision making, easier compliance, better governance and improved efficiencies.

Amazon provides compliant expansion points while the business software provider will develop consultancy, tech support.

Personal lines also sees small increase; commercial property and workers’ compensation lines edged up to 6% increases.

SaaS implementation is designed to enable the rapid conversion of complex blocks and improved speed to market.

Exigen Insurance Solutions has released Exigen Pre-Configured Solution Packages, which, the company said offers more than 80 percent of core systems functionality required by P&C insurers. It uses the configuration capabilities of the Exigen Suite multi-line platform for policy administration, billing and claims management to reduce the technology and business risks associated with core systems replacement. Exigen said Pre-Configured Solution Packages can cut implementation times by half and save as much as 40 percent in average costs.

INN developed the ranking in partnership with Celent, an independent business research and advisory service with a specialization in insurance technology. Celent facilitated survey development, data collection and analysis. The result is an insightful set of rankings based on objective peer review.