Policy adminstration

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.

The National Association of Insurance Commissioners voted to exclude broker commissions from calculations of medical loss ratio required under the Patient Protection and Affordable Care Act.

MetLife Inc. is reorganizing its business from a U.S./international business structure into three broad geographic regions to better reflect the company’s global reach. MetLife says it significantly grew its global footprint in 2010 through the $16.4 billion acquisition of Alico. The three new business regions, each of which will have its own president, are the Americas, EMEA (Europe, the Middle East and Africa) and Asia.

Here's a lesson on how to assess IT performance by connecting it with business results...

Alleghany Corp. and Transatlantic Holdings Inc. have entered into a definitive agreement to combine Transatlantic with Alleghany. Under the terms of the transaction, the stockholders of Transatlantic will receive aggregate consideration, currently valued at $59.79 per share in stock and cash, or about $3.4 billion.

The U.S. Department of Health and Human Services (HHS) has issued its first rebuke to an insurer under the federal rate review provision of the Affordable Care Act.

Outsourcing is still a multi-billion dollar industry, but the future is getting cloudy as the market braces for a transitional phase.

Cigna, a health services company, and TTK Group, an Indian conglomerate, have signed a joint-venture agreement to sell a range of health, wellness and insurance products across India. Cigna says the agreement makes the insurer the first to apply for entry into India as part of a stand-alone, joint-venture health insurance company.

With the insurance industry seemingly starved for some good news about itself, it can take solace knowing that more than 4,000 insurance company volunteers were willing to provide time and labor to various nonprofit groups across the nation last week.

As technology evolves, it may be that smartphone-toting field personnel are capable of doing their job anytime, anywhere.

Document output management product boasts ability to provide businesses with customized, automated correspondence.