Software designed to convert loss run faxes and emails into data.

Personal automobile and bodily injury are the most common policy and loss types among questionable claims, according to the National Insurance Crime Bureau.

S&P cites the firm’s practice of holding less capital to back insurance operations than competitors as a factor in the downgrade.

Returning home from the ACORD-LOMA Forum (ACORD-LOMA) last week, I was reminded of a time about 12 years ago when I wrote that data is the lifeblood of the insurance industry and a strategic asset that needed effective management. The recollection was prompted in part by the fact that during ACORD LOMA the topics of big data, business analytics and business intelligence, and the need for quality data, continued to be hot topics both in terms of insurer priorities and discussion points. The fact that the industry is still buzzing about these topics seems to indicate little progress has been made in the last 12 years. And, to make matter worse, recent research indicates insurers are, on average, using only five to ten percent of their current data.

As the debate over the renewal of the Terrorist Risk Insurance Act (TRIA) heats up in the United States, Aon Risk Solutions released its 10th annual Terrorism and Political Violence Map in an attempt to help companies assess risk levels of political violence and terrorism.

Distribution, BI, agent portal and policy administration top life insurers' list of priorities as they look to differentiate themselves in an increasingly commoditized market.

There are four significant and costly life events that cost the average worker $117,000, according to a survey conducted by Ameriprise.

A committee of 11 insurer CIOs has selected nominees for the second-annual Novarica Research Council Impact Awards. Nominees include: AIG, Aegis, Erie Family Life, Great American, Nevada General, PURE, RLI and XL.

Guidewire’s acquisition of the data management and BI provider intended to enable more efficient legacy replacements.

A survey of 1,000 drivers indicates they want more severe coverage penalties for phone use while driving.

Illustrations Suite, iGO e-App designed to modernize how agents market, sell and process products.

Announcement follows releases in Asia and the United Kingdom from earlier this year.

Insurance IT experts discuss the technology challenges insurers are facing, social business is demystified and several insurers make analytics, mobile moves.

The rating agency forecasts a calendar year combined ratio of 99.5 percent for 2013, which would make it the fourth year in the last 35 in which the market achieved an underwriting profit.

A new report from Saugatuck outlines the challenges BI has faced, and where BI operations are likely to settle within enterprises.

Xuber, the insurance software business of Xchanging plc, announced the launch of Xuber Analytics, a data analysis tool designed to provide commercial insurers with deeper insight into their business.

It may sound like an oversimplification to say that Data Mastery (DM) is the ability of an insurer to gain mastery of their data, so perhaps it would be better to say that DM is the ability of an insurer to gain business insight from raw data.

Gartner’s Harris-Ferrante, Celent’s Johnston and Novarica’s Josefowicz discussed and debated the changing insurance landscape, and suggested strategies and tactics for insurers.

Yesterday the Consumer Federation of America (CFA) released a statement that suggested a renewal of the Terrorism Risk Insurance Act (TRIA) may not be necessary given the near-record industry surplus of nearly $600 billion. Today, the Insurance Information Institute responded by emphasizing the stability TRIA continues to provide.

IBM says software should enable the insurer to turn social media into an actionable communications channel.