Policy adminstration

To expand distribution in a static market, insurers are looking at everything from system revamps to new technologies to new partnerships.

The negative effects of being slow to modernize may build up gradually, unnoticed, until suddenly it directly impacts business.

A recent Deloitte survey attempts to answer some of the questions behind the life insurance sales gap conundrum.

Don’t let appearances fool you; North American and International reinsurance rate increases are due to modest losses and poor results, not a hardening market, according to Willis Re chairman.

The property/casualty industry experienced rising financial impairment trends in 2011, with impaired companies still emerging well into 2012 and driving figures well-beyond industry averages. 2011’s 34 P&C impairments represented a significant jump from the 28 reported for the year by A.M. Best on Jan. 23, 2012.

Victims of wildfires that have claimed hundreds of houses and almost 30 miles of land prompt are flooding insurers with hundreds of claims.

U.K. general insurer goes to Guidewire for underwriting, policy administration and claims software.

Several of the company’s offices see new underwriting officials.

Industry associations applaud the long-term reauthorization of the National Flood Insurance Program as part of a compromise deal that included the surface transportation reauthorization and student loan bill.

In a recent survey, European and global non-life insurers are found frustrated with the inflexibility of their portals.

Second-quarter 2012 renewal rates have increased by 1.4 percent compared with the second quarter of 2011, according to Marsh.

Pacific Life Producer Alliance designed to enable wider range of financial professionals to sell fixed annuity products.

CEO Tom Marra to lead life division until replacement is named.

Public, private cloud resources designed to improve effectiveness of system engineering and professional service teams.

Despite cash on hand, slow growth and regulatory pressures prompt concentration on operational efficiencies and regulatory readiness, according to KPMG Survey.

The ruling this morning gave health insurers a deadline of 2014 for embracing such provisions. On the other hand, competitively speaking, this places much more of a burden on large health insurers to provide a wide range of packages that appeal to demographics that may not have been on the radar.

Despite excitement surrounding the topic, lack of expertise and understanding regarding big data analytics tools are holding back its potential.

Elephant Insurance, a consumer-direct auto-insurance writer, has selected Guidewire PolicyCenter as its new rating, underwriting and policy administration management system.

The court ruled 5-4. However, the court added that Congress has the authority to implement the individual mandate under the taxing clauses of the Constitution.

Social business platform designed to help Starr's brokers connect, collaborate with underwriting specialists.