ING U.S. Inc. promotes CRO Smith to CEO of the insurance unit as Butch Britton retires.

In a stabilizing economy and armed with strong capital positions, P&C insurers should increase their focus on establishing competitive advantage through innovation, according to Deloitte.

RSA Ireland CFO Rory O’Connor and Claims Director Peter Burke were dismissed yesterday, the London-based insurer said in a statement today.

More than $1 billion will be invested in the IBM Watson Group, including $100 million in venture funding for businesses that develop applications based on the technology

The best insurers will achieve competitive advantage by developing the judgment and decision-making capabilities of their knowledge workers.

Exigen's suite of core systems is intended to improve operational efficiency, product distribution management and customer service.

Despite higher administrative costs and uncertainty associated with HIX rollouts, A.M. Best forecasts top-line growth of as much as 5 percent.

A challenging operating environment, higher consumer expectations and tougher competition are rousing insurance IT outsourcing, according to Everest research.

Enough talk about cloud and big data analytics — insurers want to see execution.

Since last year, new skills and new thinking are more urgent than ever, even as budgets and technology needs remain static.

Insurance AO Activity Doubles

In 2012, the overall market declined however, as did contract values and duration, according to an Everest Group report.

Insured losses declined to about $31 billion, the Munich-based company said today. That compares with $65 billion reported for 2012.

‘Front Office Suite’ to help underwriting, service and agent teams to submit, evaluate, quote and close business.

Insurers, including Nationwide, CNA and MetLife, are leveraging a growing number of data sources and applying high-performance analytics to help detect patterns of fraud as early as possible.

While document management systems continue to house the industry's essential business information, many large insurers are trying to leverage the data contained in a host of new media types to help boost the business.

"Uncertainty" sums up the regulatory environment for insurers in all lines in 2014.

By the year 2015, the global annual rate of data creation will double to a projected 5.6 zettabytes.

In the last year, insurers, from Geico to Patriot National, have moved more to the cloud.

Lori Evangel, formerly of Aflac, will serve as executive VP and chief risk officer.