Policy adminstration

Research and advisory firm Novarica has published a new series of Quick IT Benchmark reports for 12 different categories of U.S. insurers, based on more than 80 responses from our CIO Research Council members. The reports include information on total budgets/breakdowns, maintenance and new projects, IT staffing, breakfix and programming requests, enterprise applications, and a summary of key questions that were answered by respondents.

AIG reorganizes Chartis, creating two global groups—commercial and consumer—and appoints Peter Hancock CEO.

David Sokol resigns from Berkshire after questionable stock transactions revealed.

Perhaps the enhancements will help to improve Microsoft's market share, which is well behind Android, Apple and Blackberry.

The insurer's Covariance Capital Management subsidiary will target nonprofits with $100 million or more in assets under management.

Master data management is insurers’ best recourse to unlock the siloed data often associated with multiple applications for each line of business.

Employees value non-medical benefits far more than employers think, according to annual report.

Association is postponing a decision on whether or not to endorse the Access to Professional Health Insurance Advisors Act of 2011 for at least a month.

Fraudsters follow companies in move toward electronic payment forms.

Another example of excellent customer service, USAA's 16-category list of the top vehicles helps guide policyholders’ purchasing decisions.

Total bank annuity sales fell to $33.2 billion in 2010—their lowest level since $31 billion in 2000, says Kehrer-LIMRA.

FIS Software and IDIT I.D.I. Technologies to join Sapiens in an effort to provide complementary offerings across different territories.

It’s imperative that insurers’ business priorities and the competitive industry benchmarking process drive their selection of a PAS vendor.

Of the nearly 2,000 deals totaling more than $200 billion in value, many involved players in the insurance technology space.

While USAA and TriCare are a couple of the exceptions, health and P&C insurers disappoint customers, according to new report.

Among the spate of new hires, ING Insurance U.S. names a new CEO.

A couple of Chinese insurers have found a creative way to extend the retirement business value chain.

Bill that eliminates annual report card for quality of claims service passes house by wide margin.

While industry observers are still assessing the long-term financial impact of the events on Aflac, MetLife and The Hartford, disaster may have been averted on their balance sheets.

IFM 3.2 to score claims from independent testing facilities, provide enhanced summary reports.