Policy adminstration

Shelter Insurance claims to be the latest casualty to regulations found in the Dodd-Frank Act.

End-to-end policy administration system will be implemented by Auto-Owners’ life insurance subsidiary.

A.M. Best maintains its stable outlooks on the P&C, life and reinsurance sectors despite significant and persistent challenges, including loss reserves, low interest rates, weather-related volatility and increasing competition.

The number of deals may have risen in 2012, the total value dropped by more than $10 billion.

A slow overall growth trend at the end of 2012 is cause for concern heading into 2013; however, health care and financial services may hold the best opportunities for IT job growth.

Aplifi enables submissions of annuity and life insurance transactions through mobile platform.

Formation to bring additional capacity to the retrocessional reinsurance market.

Industry organizations have responded enthusiastically to news that Congress has agreed to a $9.2 billion authorized increase to the National Flood Insurance Program (NFIP), which is necessary to pay claims resulting from Superstorm Sandy. The bill had already passed the Senate and President Barack Obama is expected to sign it.

Severe weather-related catastrophes in United States accounted for a larger-than-normal portion of global catastrophe losses in 2012, increasing to 67 percent from an average of 32 percent, and 90 percent of global insured losses, compared to an average of 57 percent, according to Munich Re.

The 354-67 vote allows the government flood insurance program to continue paying damage claims to about 120,000 policyholders. The measure, raising the program’s borrowing authority by $9.7 billion, needed a two-thirds supermajority to pass under fast-track procedures. The Senate probably will clear the measure later today.

RSA, the security division of EMC, released a report from the Security for Business Innovation Council that assesses how cloud computing, big data analytics, enterprise mobility and social media will transform enterprise IT and “hammer away” at the foundations of information security strategies this year.

Sun Life Financial Inc. rallied 40 percent last year as investors rewarded decisions to shed riskier assets and emphasize insurance and wealth management. Chief Executive Officer Dean Connor says the narrower focus can still boost earnings in 2013.

Which company will change the insurance purchasing model and transform the buying process by using a tool like a choice engine?

The reinsurance sector entered 2013 with ample dedicated capital and stable pricing, according to “The Route to Profitable Growth,” the 2013 global renewal report from Guy Carpenter & Co. Renewals were supported by lower than normal catastrophe losses during the first nine months of 2012, increased reinsurance capacity and record-high levels of capital.

Small IT hiring sprees set for the first half of 2013 are being bridled with a pocket of idle businesses, and tech positions overall are taking longer to fill, according to a survey by technology and engineering career community, Dice.

AmTrust also announces intent to acquire Mutual Insurers Holding Co.

Mobile claims applications clearly have the potential to increase customer satisfaction by offering greater speed, accuracy and transparency into processes that were previously opaque. But without proper planning, they can prove to be a double-edged sword.

The added difficulties and pressures that come with providing claims coverage through a mobile app.

Experience is critical to customer satisfaction and retention, but even more crucial is balancing satisfaction with cost-effectiveness.

As large insurers' investments in claims technologies continue to increase and pay off in competitive advantage, more and more insurers are being lured into similar spending strategies.