Policy adminstration

FDIC Chairman says federal resolution authority must transcend industries and international borders.

Island Insurance benefits from DRC’s industry experience as well as its local presence.

Smartphone application designed to promote health and wellness.

Medical malpractice insurers and actuaries can breathe a short sigh of relief before bracing for future challenges, such as the Centers for Medicare and Medicaid Services decision to no longer reimburse for certain hospital-acquired conditions.

Insurers convene with other experts to discuss a convergence of consumer protection and compliance-related challenges associated with social networking.

More research on IT spending filters in, and the conclusions are pretty much the same: IT spending for property/casualty insurers flat to slightly higher through 2010.

Insurers should examine their current systems for untapped features and functionality.

A survey reveals a high level of customer loyalty and satisfaction among respondents.

Bucking national unemployment trends, large agencies are adding producers, a new study finds.

Celent says two recent policy admin deals in the UK is a sign insurers are looking to get back on track with IT investments.

One of the most frightening aspects of the financial services meltdown is that it may well happen again. Indeed, a new paper from Society of Actuaries (SOA) and the Joint Risk Management Section says a focus a widespread embrace of enterprise risk management coupled with regulatory enhancements are needed to avert future crises.

The arrival of BPM as a transformational initiative is creating new opportunities for carriers to think about new ways of doing business.

Just a year after the launch of its Attachments Warehouse, the National Insurance Producer Registry(NIPR), a non-profit affiliate of the National Association of Insurance Commissioners, announced an enhancement to the licensing tool that electronically stores documents submitted by applicants. NIPR’s Reporting of Actions (ROA) expands electronic filing abilities to enable producers to submit necessary documents for reporting administrative, criminal or civil action.

Jersey City, N.J.-based ISO and the Des Plaines, Il.-based National Insurance Crime Bureau (NICB) are partnering to create a national information sharing system aimed at thwarting cargo crime.

Few organizations, including insurers, have even begun PIM initiatives; lack of resources a major barrier.

USAble Life and Benefitfocus have struck a multi-year partnership through 2013 that leverages the Benefitfocus suite of solutions related to how group and voluntary benefits are sold, enrolled, billed and serviced, the companies report.

AXA Insurance UK has signed with Duck Creek Technologies Europe Ltd., a software and service solutions provider for the insurance industry, and Tata Consultancy Services (TCS), to supply a new commercial insurance processing system for the insurer.

Genworth, Markel and Unum are just a few of the insurers affected by A.M. Best and Fitch’s latest rating actions.

The Xerox name is generally well known. And now, Xerox Corp. may become even more well known in the insurance industry, as it signed a definitive agreement with Affiliated Computer Services Inc. (ACS) to acquire the business process outsourcing (BPO) firm.

One of the best things about covering the technology industry is that one doesn’t usually have to sully oneself with the hogwash that passes for discourse and wisdom among our nation’s politicians.