Chubb Impresses With CAT Response
Warren, N.J.-based Chubb Group of Insurance Companies ($14 billion in revenue, 2006) is the latest carrier to tout its CAT response capabilities. Last week, the insurer announced that 95-percent of its insurance customers affected by strong April storms in the Northeast United States were "very satisfied" with how their claims were handled, according to a survey.
CFO Survey: Finance Transformation needed
A changing industry is driving the transformation of the finance function within insurance companies and financial services in general, as companies seek to cut operating costs and improve revenue in an effort to achieve greater profitability and return on equity. But the proximate drivers of and key tools to achieve that transformation are technology related, according to a BearingPoint study.
IronKey Offers Secure USB Flash Drive
LOS ALTOS, CALIF. - IRONKEY has launched the IronKey Secure Flash Drive with Internet Protection Services, a secure USB flash drive that protects the gigabytes of information stored within it using onboard hardware encryption, helping insurers and other organizations meet regulatory requirements such as Sarbanes-Oxley and HIPAA. IronKey also features portable secure web surfing via an onboard Firefox web browser with Tor technology, a tamperproof
Dean Health Signs With EDS
Dean Health Insurance (Madison, Wis.) will implement Plano, Texas-based EDS' MetaVance Adminstration and Finance System, a highly scalable system featuring a service-oriented architecture that is designed to automate core administrative processes such as enrollment, provider management and claims processing.
Primavera 6.0 Released
Bala Cynwyd, Pa. - Primavera Systems has released Primavera 6.0 (P6), a new version of its flagship enterprise project and program management software. Part of a solutions suite for project-driven organizations, P6 will feature fully web-based capabilities, interactive Gantt charts and screen layouts, dashboards, advanced management capabilities, extended reporting and analytics, enterprise integration with SAP and risk manage
Does Ergonomics Matter?
By Nathan Conz
Because I'm Insurance & Technology's "new products czar" (a title-bump that will be news to my editors when they read this entry), a lot of technology solutions come across my desk every day. Until very recently however, none of those products were also, in fact, about my desk.
Actuaries Adopt New Risk-Modeling Technologies
As the U.S. insurance industry moves toward principle-based reserving to demonstrate capital adequacy, actuaries are collaborating with their IT departments to adopt more-sophisticated risk-modeling technologies.
Summer of Change at MetLife, State Farm, The Hartford
Before the industrial revolution, summer tended to be the time for campaigning -- the military kind, not the political kind which now lasts multiple years, let alone seasons -- and intense agricultural activity. No doubt the farmers are still on a more demanding schedule this time of year, but when it comes to the insurance industry, summer is a time of relative repose. It doesn't rival the last couple of weeks in the year for quiet, but with the spring trade show cycle past and vacations deplet
Arbella Enables e-Submission
Boston-based Arbella Insurance taps AgencyPort agent/carrier interface products to move from hard-copy to paperless policy submissions.
MetLife's Jeff Stoll Retires
Jeff Stoll has retired from his job as CIO of Individual Business (IB) at MetLife. Larry Blakeman has moved from his role as CIO of MetLife Auto & Home to take on the IB CIO job. In a phone conversation Stoll said that he was tired and that it was time for a change, so he decided to take some personal time.
London & Glasgow: The World Gets Riskier
With every risk comes an opportunity for the insurance industry, which is another way of saying it's an ill wind that blows nobody any good. That's small recompense for living in a world where cruel fanatics are increasingly driven to attack civilians - men, women and children - for the sake of their perverse beliefs.
Deloitte Study Highlights Offshoring Boom in Financial Services
Financial services companies have expanded offshore delivery functions 18-fold over the last four years, according to a recently released report for Deloitte Touche Tohmatsu. Yet while the insurance industry is in-step with its FS brethren in some areas of offshoring, in others it still lags behind, says the author of the report.