Policy adminstration

Recent deals for technology software and services

GUIDEWIRE RELEASES VERSION 3.0 OF POLICYCENTER

P&C insurers must be relentless in using predictive analytics in pursuit of optimal business outcomes.

Effects of a prolonged soft market, paired with financial turmoil and open-ended liabilities, are putting pressure on reinsurers.

Despite their bleeding-edge reputations, virtualization and cloud computing are already paying dividends to insurers.

At INN's Women in Insurance Leadership Forum, omen gathered ready to discuss the industry's most pressing topics.

U.S. insurers with online sales strategies are able to lower customer acquisition costs.

Insurance look to a variety of tools and capabilities to aid in agents' quests to work more quickly and efficiently.

There is an emerging demand for product lifecycle management applications, but to fully benefit, carriers need to focus on larger strategies.

With the financial services meltdown as a catalyst, insurers will wage legislative battles on the front.

Unrelenting pressure on expenses, improvements in networking and communication technology and an increased appreciation for flexible business models are driving insurers to outsource core processes.

National Association of Mutual Insurance Companies (NAMIC) says the Federal Trade Commission’s (FTC) decision to order nine major insurance companies to provide data for a study of credit-based insurance scoring and homeowners insurance is unnecessary and a waste of money.

The 10-year moving average of insured catastrophe losses costs continued to rise in 2008, increasing by 7% over 2007—from $35.5 billion to $38 billion.

Advisen Ltd. predicts that general commercial insurance prices will begin increasing by the fourth quarter of 2009 or the first quarter of 2010.

The move should allow the insurer to cancel an equivalent amount of swaps contracts that its finance subsidiary had written on those securities.

Some of the new statutes are designed to reduce claims for accidents or medical needs, push the current limits of employee benefits and refresh the staid regulatory rating environment.

Swiss Re says the catastrophes led to overall financial losses of $61 billion across the globe, with property insurers contending with losses totaling $25 billion.

London - According to the latest report by independent market analyst Datamonitor, global financial institutions, in response to evolving marketing conditions, are beginning to view operational risk (OpRisk) as a means of providing a more proactive management decision-making framework.

Celtics all-star Jo Jo White helps kick off “Drive Out Hunger” program.

Honolulu – Decision Research Corp. (DRC), a rating and policy processing software solution provider to the property & casualty insurance industry, announced today that Chicago-based Unitrin Direct has expanded its production use of DRC’s DecisionMaker Policy Administration Suite to include its homeowners line of business. The company, which went live with its implementation within seven months from contract signing in three states, currently supports homeowners business in 10 states.