Technology News

One-Third of Insurers Already Using Wearables: Accenture

news: Research from the company finds that 31% of insurance companies are already using wearable technology to engage customers, and two-thirds expect broad adoption of the technology within two years.

Corporate America’s Unleash-the-Drones Plea Puts the Heat on FAA

news: AIG, which is already using drones for inspections in New Zealand, is among the companies leading the charge for clear drone rules.

GuideOne CIO Talks Building a Smarter Church

feature: Doug Cretsinger, CIO of the commercial lines insurer, says that as the carrier ramps up for the future, there's lots of potential to leverage telematics and the Internet of Things even among its customer base of nonprofits.

Why Berkshire Hathaway, Hiscox Eschew the Mainframe

feature: More insurers are choosing cloud-based systems rather than traditional mainframe deployments for the next generation of their core processing software.

United Healthcare Bets Big on Telehealth

news: UHC says it is partnering with three telemedicine companies – Doctor On Demand, Optum’s NowClinic and American Well – to cover visits with a doctor via video technology, just as it would for in-person visits.

Adaptik and GhostDraft Partner on Document Creation

ma alliances: The alliance is intended to help bring new insurance products to market faster and cut the time required to produce personalized documents.


Industry News

Obamacare Risk Fund May Pay Just 10% of Insurer Claims, S&P Says

news: The U.S. Centers for Medicare & Medicaid Services hasn’t yet put out final figures on the risk corridor program, S&P said.

Prudential Says Mike Wells to Succeed Thiam as Group CEO

hr news: Wells joined Jackson in 1995 in the marketing and distribution arm and helped develop the firm’s first variable annuity products

Willis to Buy Gras Savoye for $590 Million to Expand in France

ma alliances: CEO Casserley has been pursuing acquisitions to extend Willis’s geographic reach and add customers seeking coverage for specialized risks.



Foresters Taps Liberty Mutual Vet to Lead North American Life

UPDATE: New president of North American life insurance Cheryl Neal led a life division at Liberty Mutual and has also worked at HSBC and Morgan Stanley.

State Farm, Allstate Among Top Companies for Female Executives

UPDATE: Six insurers in total have been recognized by the National Association for Female Executives for policies, practices and the number of women reaching the upper echelons of management.



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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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How Insurers Can Develop Thoroughly Modern Mainframes

Joe McKendrick
The user experience can make or break an application. Here are five ways to measure whether it’s positive or negative.

Rethinking Commercial Lines Underwriting Automation

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The value an insurer can achieve from the powerful combination of a modern policy system and a complete suite of advanced underwriting solutions will far outweigh any effort involved.

The Peer-to-Peer Economy and the Uberization of Insurance

Juan Mazzini
Insurance is about risk sharing, so what better model to bring in technology and make that risk sharing as efficient and effective as possible?

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