Policy adminstration

Using a top-tier insurer as an example, analysts advise companies to start small and think big.

The enhancement is designed to enable users to add multiple product variations without custom modification and design fixed, indexed and combination annuities.

Compared to 2012, some insurers reported increases of 30 to 55 percent in applications submitted during the first two months of this year.

In the United States, aggregate deal volume declined 21 percent, however, Q4 activity increased.

Insurer sets production target of January 2014 for major policy administration and claims implementation.

Insurers looking to tap into Latin American markets may be surprised to find high levels of mobile usage.

The 23rd annual Retirement Confidence Survey indicates that 28 percent of respondents—the highest level in the survey’s history—are not confident about being able to afford a comfortable retirement.

Contributing to the dramatic rise in popularity are automakers rolling out safety telematics globally, and partnerships between wireless carriers and insurers.

John Fleurant will officially take over after Michael Sproule's retirement on June 30.

According to a new release from Fitch Ratings, the firm’s compilation of full-year GAAP 2012 financial results for a group of 48 publicly traded reinsurers reveals a 75-percent improvement in operating earnings and operating return on equity of 7.3 percent versus 4.4 percent in 2011.

North American insurers expected to overtake Europeans by 2015 in terms of IT spending.

Remembrance Life designed to offer death benefits in a variety of ways.

Insurers are going to have to double down on efforts to attract and retain technology talent, before they're absorbed elsewhere into the digital economy.

Maryland Automobile Insurance Fund also to use STG Insurance Content Designer and Content Manager tools.

National Life Group has selected iGO e-App to automate the marketing, selling and processing of its diversified life and annuity products.

Cyber coverage levels also increased according to the report. Across industries, limits purchased in 2012 averaged $16.8 million, a 20-percent increase over 2011. Communication, media and technology companies led other industries in terms of average limits purchased, at $33.4 million, and the rate of increase, which was nearly 36 percent.

With persistently low interest rates continuing to dampen profitability, group life/annuity/voluntary benefit insurers are investing in benefit and policy administration systems, customer and agent portals, and easy enrollment capabilities to increase profits, according to “Business and Technology Trends: Group Life/Annuities/Voluntary Benefits,” a report from Novarica.

A recent study that indicates more than 17,000 new jobs in the Ohio insurance sector, including underwriter, actuary, customer service, IT specialist and other infrastructure positions, will need to be filled in the next five years.

Armed with analytics, insurers should be able to make better business decisions more quickly and mobilize teams to connect better with customers, leading to success and growth, according to PwC.

U.S. life insurers underperformed most industries after taking risks that should have been left to Wall Street banks, McKinsey & Co. said in a report today.