INN Breaking News

Insurers around the World Need to Transform Legacy Systems to Stay Successful

October 24, 2014 Legacy systems are constraining insurers across the globe, but transformation—which varies in the different regions—is underway, according to a new report.

Greenberg Sees Deal Frenzy as Gun-and-Run Rivals Squeeze Margins

October 23, 2014 Potential buyers see few other options to maintain growth, or to prevent shrinkage or deteriorating margins.

Swiss Re Exits $2.7 Billion of Liabilities in RGA Deal

October 23, 2014 The sale involves 82,000 policies, according to a statement from Swiss Re, the world’s second-largest reinsurer.

Martin Sullivan to Be Chairman of Navigators Lloyd’s Unit

October 23, 2014 Pending regulatory approval Sullivan will replace Alec Foster, who has held the role since 2010, Navigators said.

Florida Luxury Cars Vanish as Criminals Export Vehicles

October 23, 2014 More than 25 percent of luxury cars taken from 2010 through 2013 were never returned to their Floridian owners, the National Insurance Crime Bureau said.

Hardy Hires Two Senior Underwriters

October 23, 2014 The addition of Matthew Bond and Miles Osorio will help build Hardy’s property and engineering capabilities.

Marsh to Acquire Torrent Technologies

October 23, 2014 The acquisition in intended to help improve Marsh’s flood insurance capabilities.

Regional Insurance Selects StoneRiver Stream Claims

October 23, 2014 Stream Claims can help Regional Insurance to reduce manual and paper-based processing.

Motorists Insurance Selects Effisoft Software

October 23, 2014 The WebXL reporting tools can help the insurer isolate the claim experience and identify weather trends and severity.

American Academy of Actuaries Names Wildsmith, President-Elect

October 23, 2014 The board of directors also elected five members to fill officer positions.

Munich Re, Ace Among Insurers Ready for Climate Risk, Ceres Says

October 22, 2014 Global costs from natural catastrophes were $125 billion in 2013, including $31 billion in insured losses, a number that is expected to increase.

Most Independent Agencies Expecting Continued Growth

October 22, 2014 Overall, insurance agencies are optimistic about their future, except for the smallest agencies, which are at greater risk.

Zurich Collaborates With Hearsay Social to Empower Agents via Social Media

October 22, 2014 Insurer expands use of social business platform to multiple European countries.

WIL Award Winners Offer Tips On Career Development, Mentoring and Work-Life Balance

October 22, 2014 Three Women in Insurance Leadership award winners cite personal experiences and lessons learned.

Use of Wearable Devices in Healthcare Seen Rising Rapidly

October 21, 2014 Insurers, healthcare providers and consumers stand to benefit from widespread adoption of wearable devices.

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