Technology News

Insurance 'Death Spiral' at Stake in King v. Burwell

news: The Supreme Court case King v. Burwell, which challenges the legality of subsidies available for individuals purchasing health insurance on the federal exchange under the Affordable Care Act, could rock the stability of the health insurance market. Arguments will be heard today.

Frankenmuth Insurance Picks Guidewire

whos buying what: P&C insurer will implement InsuranceSuite and DataHub; PwC to assist with implementation.

Amica, Nationwide, USAA Lead in Homeowners Claims: J.D. Power

news: With fewer recent CAT events, insurers have been applying lessons learned to managing non-catastrophic claims, according to a survey from J.D. Power, resulting in the third-consecutive year of higher customer claims satisfaction.

Aggregators Don't Want Big Insurers. Here's Why.

feature: Andrew Rose, CEO of aggregator Compare.com, says his company's mission is to provide a lifeline to small and midsize insurers who are trying to compete with the massive marketing budgets of the largest carriers.

Anthem Update: 7 State Commissioners Will Investigate Breach

news: The company also put out a HITECH Act notice over the weekend detailing the identity protection services it will provide affected customers.

Canal Picks Adaptik Cloud

whos buying what: Policy admin system chosen for ease of integration and speed of implementation, insurer says.

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Industry News

Hilb Group Acquires West Coast Insurance

carrier developments: West Coast serves commercial and personal lines and developed a national insurance practice focused on the marine industry.

Miscalculated Risk: The Old-Age Bill That’s Crushing Genworth

news: Genworth is struggling to contain the damage and on Monday warned of a “material weakness” in some of its accounting.

Sandy Victims Reach First Set of FEMA Flood Insurance Deals

news: A process is also in the works to provide funds to homeowners who disputed insurance payments without suing.

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WOMEN IN INSURANCE LEADERSHIP

President and CEO of Swiss Re Canada Announced

UPDATE: Veronica Scotti has a deep background in reinsurance and risk management, with a career spanning corporate finance advisory, asset management and strategy.

Top Moments from INN's 9th Women in Insurance Leadership Forum

UPDATE: INN celebrated its Women in Insurance Leadership award winners at a celebration in Chicago on October 20 and 21.

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Statistically Speaking

Underwriters Share Tech Pain Points

Many industry reports say carriers are investing in underwriting technology, but will all of these investments benefit underwriters?

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Blogs

Despite Valiant Efforts, Insurers' Consumer Ratings Drop

Jean Lassignardie
Insurers also are confronting waves of disruptive changes, including big data analytics, an aging population, ongoing economic uncertainty and the growing frequency and severity of natural disasters, which threaten to challenge and undermine businesses.

Why You Can't Take a Wrecking Ball to Your Legacy System

Joe McKendrick
If you think of enterprises like collections of neighborhoods that need to be nurtured, you quickly see that architecture, not obliteration, is the key.

Ten Stats About Social, Mobile, Analytics, Big Data, Cloud and Digital

Matthew Josefowicz
Deployment rates have grown in the year since Novarica’s last study on these topics.

Sponsor Blogs

The Internet of Things: Helping Insurers Make Better-Informed Decisions about Risk

Stephen Busateri
The IoT is a major game changer for the insurance industry, and will likely affect every part of the insurance value chain. After all, insurance is data-driven, and that’s exactly what the IoT can deliver—relevant, actionable, real-time data that can provide an accurate picture of what is being—or may be—insured.

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Aflac US Operations President Teresa White on Healthcare Reform and Innovation

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    6 Insurance Startups to Watch

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