Policy adminstration

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.

New version to offer new user interface, support for multiple browsers and devices.

Mphasis, an IT services provider, has launched its Billing as a Service (BaaS) solution for the insurance industry. BaaS is a cloud-based solution that enables carriers to manage their complex billing requirements.

Eighty-three percent of P&C insurers indicate that they will increase their spending over the next three years. The top three areas for investments in analytics, according to SMA’s data, “remain the risk-centric areas” of product development, underwriting and claims.

New partnership enables 161,000 service members to earn nationally recognized certifications across a dozen tech professions.

As national unemployment improved to 7.5 percent last month, growth of IT jobs has fallen from a peak of 11,700 jobs added in January to only 4,600 added in April, according to this month’s IT jobs report from Janco Associates.

Direct-to-consumer auto insurer implementing underwriting and policy administration software first with renewal processing, then with new business.

Directors & officers liability insurance (D&O) and professional liability business is generating accident year underwriting losses for the industry despite recent stability in loss ratios, according to a new segment analysis from Fitch. D&O premium rates were previously lagging the market recovery in the broader commercial lines segment, but pricing trends are now catching up.

Sandy resulted in approximately 1.5 million claims overall, 92 percent of which were completed at four months.

How one insurance company re-created mainframe logic on a Windows/.NET server environment.

Investment income dropped to $4.16 billion from $7.11 billion the previous year earlier.