Policy adminstration

Insurance companies worldwide have suffered less than banks since the collapse of the subprime market in the United States in late 2007, Celent says. However, they have been impacted by the volatility of international markets and the uncertainty linked to the slow recovery of economies in industrialized countries. European insurers, in particular, have reacted to the changing environment successfully, implementing actions to adapt to the current changes and gain operational efficiency, according to the analyst/consulting firm.

James Klauer, of Fidelity Investment Life Insurance, weighs in on the rationale and challenges of core system replacement.

By integrating disparate data elements, carriers can gain more granular insights, but need to first address data quality issues.

INSPRO INTRODUCES BI, ANALYTICS SOLUTION

An insurer harnesses the Web to revolutionize the way it binds business.

A study reveals that management's aberrant behavior, including wrath/anger, greed, pride, lust and envy, impairs worker productivity.

Business process management is helping insurers transform new and existing operations for the better. What's the trick?

A study looks at the reasons behind and benefits accrued from business intelligence implementations.

Greater efficiency, increased flexibility and lower costs are but a few of the benefits of server-based computing.

Providence Mutual Launches Agent Portal

Judy Johnson, a much-heralded and beloved figure, passes away.

The insurance industry faces some headwinds entering 2011 – the most prominent of which is a persistent soft market.

The lawsuit claims the excessively high default rates on the underlying loans shows that Countrywide, now part of Bank of America, disregarded underwriting guidelines to match the "worst features of mortgage products" by competitors.

2010 lessons rely heavily on financial regulation, risk management, according to an Enterprise Data Management Council report.

Royal Neighbors of America a non-profit fraternal organization, will use StoneRiver’s Life Portraits ES e-Application and LifeSuite automated underwriting solutions to improve the efficiencies and speed of new business processing, the companies report. The solution is described as moving information from point A to point B without interruption, error or human intervention, eliminating cost in time and business.

Agile business intelligence the hot trend; pervasive BI and skilled talent sought, says Forrester research.

Those who view SOA as a "magic bullet" may consider taking a more realistic approach to its implementation.

Advancements in mobile deposit technologies in the coming year may be of interest to insurers.

New York-based ACE Ltd. completed its acquisition of Rain and Hail Insurance Service Inc. for approximately $1.1 billion in cash. Prior to the acquisition ACE had owned approximately 20% of the outstanding common stock of Rain and Hail. The purchase price reflects a dollar-for-dollar adjustment as required under the merger agreement to account for an increase to Rain and Hail’s book value that occurred between December 31, 2009, and the closing of the transaction.

AIA and ACLI contend interim rule would violate McCarran-Ferguson Act.