Anthem will pay $188 a share in cash and stock for Cigna; that’s a 22-percent premium to Cigna’s closing price of $154.36 on Thursday.

To improve the customer experience, the multiline insurer will use PolicyCenter and Rating Management to integrate disparate underwriting and policy admin systems.

Combining the operations of two insurance giants likely would require months of research, as well as an increase in headcount and IT expenditures, at least in the short term.

New offering includes Majesco Billing, which supports P&C and life and annuity lines of business.

A new Novarica report finds that data, digital channels and changing customer expectations are driving investments in claims processing across the insurance industry.

The app uses a phone’s camera to capture and upload images of documents and authorization forms that are needed to evaluate claims, and enables users to monitor their claims’ status.

More than a dozen mergers and acquisitions in the reinsurance market, valued in the billions of dollars, have occurred in the last four months.

The mobile app is intended to help driver- education instructors access, record, organize and monitor the progress of students during behind-the-wheel instruction.

Most of these advanced capabilities are being driven by a combination of five elements: analytics, data, digital channels, modern applications and innovative business practices.

Customers now can transition document templates and design new ones.

The insurer now is in production with rating, quoting, underwriting, policy lifecycle management, document generation/management and program-based underwriting.

Novarica has identified the top technologies poised to transform commercial lines insurance, and the future is coming fast and furious to the sector.

The insurer selected BillingCenter and Guidewire’s portal products in an effort to enhance agents’ and policyholders’ user experience, lower cost and achieve faster time-to-market.

Acquisition of the GPS tech provider intended to expand Sprieon’s ability to offer services and business intelligence to any vehicle.

Though insurance investment in the startup community is burgeoning, there are some relevant companies that may have flown under the radar.

Jim Fults is responsible for the growth of all lines of insurance offered by ACE Private Risk Services.

Developers can benefit from proprietary analytical models, and insurers, consumers, wireless carriers, automotive businesses can access real-time information to enhance their experience or services, Zubie said.

Faster and more accurate claims processes, improved customer experience, and safer conditions for insurance staff will continue driving investment in drones.

The replacement of legacy systems is intended to reduce IT costs and improve time to market for new products.

Vitality members can now get discounts on indexed universal life products in addition to term and standard universal.