Policy adminstration

If IT spend is any indication of insurers' intentions, consider the planned major strategic projects such as core system replacements or enhancements proof that modernization is a continuous process.

Life insurers need to craft mitigation strategies for a prolonged low-rate environment.

Of all the trends set to impact the insurance industry in 2012, the wide use of business analytics across the enterprise was likely the easiest to foresee.

Daily, there's news affecting health insurers. What's becoming clear is that transparency is a demand from consumers and regulators that health insurers are going to have to keep up with.

Fraud is on the rise in the United States and globally, according to PricewaterhouseCoopers’s 2011 Global Economic Crime Survey, with cyber crime making the most significant increase in the two years since the firm’s last survey.

Glatfelter Insurance Group, a multifaceted insurance broker and MGA/program manager, and SPARTA Insurance Co., a property/casualty carrier dedicated to writing program business with Program Administrators as well as retail agents, share few things in common.

A recent study of IT spending among small businesses (from $40 million to $350 million in annual revenue) reveals that the budgets will grow slowly. The report—“IT spending and staffing forecast for 2012”— from Computer Economics predicts IT operational budgets should grow about 2.0 percent at the median for small organizations and 0.5 percent for medium ($350 million to $1 billion in revenue) and 0.8 percent for large (revenue of $1 billion or greater) organizations. Growth in the financial services sector, including banks and insurance companies, is weaker than other sectors—health care, professional and technical services, and distribution and manufacturing—but the net trend is still positive.

It’s no secret that the Green Bay Packers are chasing perfection this season. But what many might not know is that they are quietly leveraging their success to help bring health tips to fourth grade classrooms across the state of Wisconsin.

Properly going through the steps leading up to an IT project, means that by the time actual work begins, the battle should be more than half over.

Foreign insurers are meeting a wall of resistance as they try to penetrate the Chinese market, new analysis from Moody's indicates.

XL Group announced yesterday that EVP, strategic growth Greg Hendrick will serve as CEO of their insurance segment as of 2012.

Celent analysts join USAA executive in discussing the nuances of creative disruption, and how insurers can benefit from its philosophies and practices.INN is pleased to present, with permission, occasional videos from Celent, a research and consulting firm and a member of the Oliver Wyman Group. These videos originally appeared on Celent's website as part of the firm's educational offerings.

Thanks in large part to health information technology, small businesses in Arizona’s Maricopa and Pinal counties are about to be pitched on an Accountable Care Organization (ACO) insurance plan called Aetna Whole Health, a collaborative effort by Aetna and Banner Health Network. Experts say that the ACO model of care shifts the focus of payment from a fee-for-service model to a focus on tying payments to quality metrics and decreased costs of patient care.

In a new report, Forrester Research Inc. identified edge IPK, the provider of edgeConnect, an insurance user experience platform (UXP) designed to provide the optimal user experience to any insurance user, through any device, browser, and language, as a vendor to watch.

The International Insurance Society (IIS) announced the three industry leaders who will be recognized at the society’s 48th Annual Seminar in Rio de Janeiro, Brazil, June 17-20, 2012.

Bertrand Poupart-Lafarge has been named EVP, and earlier this month, the board of directors confirmed his appointment to chief investment officer and treasurer of AXA Financial and its subsidiaries, including AXA Equitable Life Insurance Company.

The introduction of telematic technologies will help improve overall road safety, new data from U.K.-based The Co-operative Insurance shows.

Yodil Inc., a provider of business intelligence, data analytics and management reporting to the insurance industry, has developed OneSource for Affirmative Insurance Holdings Inc., a writer of non-standard auto coverage. According to Yodil, OneSource is now in live production and interfaces with Affirmative's multiple systems to rate, quote and sell auto, home and ancillary products.

The conveniences of small size outweigh certain impracticalities as tablets and smartphones enamor insurance executives and agents.

Aviva has launched a social media campaign, “Magic Money,” to raise awareness among younger workers about the importance of making the most of their income with regard to saving for the future.