Policy adminstration

American International Group, Inc. confirmed today that it is in discussions to sell a 90-percent interest in International Lease Finance Corporation (ILFC) to an investor group.

Fitch Ratings expects that revenue and earnings growth for U.S. insurance brokers—specifically Aon, Marsh & McLennan Companies and Willis Group—in 2013 will remain relatively stable.

Tony Mercurio has served as CEO of Vanliner since 1997.

Gudvangen will be responsible for managing policyholder service delivery, including policyholder benefits and claims. She will also oversee administration of the closed block of business, and will lead the development of a new team focused on operations actuarial and tax. Gudvangen will report to the SVP of Enterprise Operations, Jasmine Jirele.

Insurer anticipates using OnBase throughout the enterprise to connect information in policy management, billing and claims systems.

In November 2012, the overall composite rate for insuring commercial accounts in the United States was up 5 percent as compared to November 2011, according to MarketScout’s Commercial and Personal Lines Market Barometers.

UBI and insurance telematics are touted for their ability to save premium dollars, but wider adoption could also save lives and slow global climate change.

Mobile capabilities enhanced as well as industry-specific updates, which are designed to accommodate companies under regulatory pressure.

An E&S industry initiative is pushing for improved processes by way of automation—with which both agents and carriers win.

Kim Garland vacates role as CEO of United Guaranty Corp., which will be filled by Donna DeMaio.

Another report confirms strong quarter for indexed and income annuities.

Cash deal worth $175 million to help MphasiS make gains in U.S. mortgage market.

Woodbury Financial Services to bring over a thousand advisors and $25 billion in assets.

However, uncertainty surrounds ultimate size and shape of the market, as well as its effect on traditional auto insurance, according to SMA study.

Gartner analyst says IT strategies can only go so far in advancing the business—digital strategies are what take you where you want to be.

Social media represents the latest in a string of technologies that companies shy away from initially, only to eventually embrace it and realize its full potential.

Industry wide, however, annuity sales dropped slightly in the third quarter.

The top areas for technology investments among workers’ compensation carriers are claims system replacements and predictive analytics, according to Novarica’s new “Business and Technology Trends: Workers’ Compensation” research report.

These can help commercial lines carriers experience expense reduction, growth strategies and improving underwriting results.

Insurance Telematics is the overnight sensation that's been more than a decade in the making. And while telematics, usually associated with usage- or behavior-based insurance, is frequently portrayed as a revolutionary idea, it has failed to live up to its potential. Until now.