Policy adminstration

At IIS seminar, attendees express confidence in their ability to make use of growing sets of data and penetrate new markets.

Discoverture Solutions to implement homeowners, commercial lines products.

Product coverage to respond to and protect against full range of cyber exposures.

Financial literacy program key to attracting talent to insurance industry.

Net losses on underwriting grew to $4.5 billion in first-quarter 2011, contributing to the quarter’s net income drop to $7.8 billion

Commercial mortgage loans held by life insurers in Fitch's universe posted actual realized losses of $1.36 billion in 2010, below Fitch's expectations of up to $3 billion in losses.

At International Insurance Society seminar, insurers, regulators and academics consider how best to balance the rules under which the industry operates.

Despite witnessing firsthand the anxiety and apprehension that many of their Baby Boomer parents are now enduring as they close in on retirement, the overwhelming majority of Gen-Xers are still not adequately preparing themselves for their own eventual retirement.

By comparison, insurers must decide which initiative(s) to fund out of many worthwhile projects; developing an objective decision-making model can both help you choose the best projects and build corporate buy-in.

New research is advancing the notion of remote healthcare monitoring, an obvious plus for health insurers, but social factors may inhibit adoption.

Designed for insurance carriers and broker/dealers selling annuity products, the service features analysis by product, carrier, distributor, agent and investor.

Health insurers overall received a low grade on the American Medical Association’s (AMA) / most recent “National Health Insurer Report Card” (NHIRC). Commercial health insurers have an average claims-processing error rate of 19.3 percent, an increase of two percent compared last year, according to the findings. The increase in overall inaccuracy represents an extra 3.6 million in erroneous claims payments compared to last year, and added an estimated $1.5 billion in unnecessary administrative costs to the health system, AMA says. The AMA estimates that eliminating health insurer claim payment errors would save $17 billion.

The number of lightning claims is down, but the average cost per claim rose 13% from 2009; expensive electronics may be culprit.

Survey reveals that U.S. insurers have more confidence than their non-insurance counterparts when strengthening competitive position through mergers and acquisitions.

USAA, Securian Financial highlight annual ranking.

Insurer expects to streamline policy administration, enhance underwriting accuracy and efficiency, and provide automated, real-time billing.

Business process management (BPM) system designed to enable carriers to streamline and automate end-to-end business processes.

Planning and IT business alignment central to success, survey results suggest.

Munich Re expects to reduce nearly $500,000 in annual electricity costs with new solar power system; Harleysville already realizing energy cost reductions of 25% since 2008.

While traditional channels are still heavily used for communications, communicating electronically is now critical for insurers.