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By Staff Writer |
May 25, 2012
Oracle announces the availability of Oracle Insurance Insbridge Rating and Underwriting 4.6, an enterprise-wide rating engine for product management, premium calculation, and underwriting rules management. The release is designed to make it easier for insurers to use ISOstandards and incorporate them into their rating environments to accelerate time-to-market.
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By Mark E. Ruquet, PropertyCasualty360.com |
May 17, 2012
New York State regulators intend to expand their review of insurance coverages beyond force-placed insurance programs, according to Benjamin M. Lawsky, superintendent of Financial Services.
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By David Port |
May 16, 2012
The fundamental challenge for insurers and their IT departments is keeping up in a world where, according to Matthew Josefowicz, managing director at Novarica, “the only constant is change.”
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By Chad Hemenway, PropertyCasualty360.com, Phil Gusman, PropertyCasualty360.com, Anya Khalamayzer, PropertyCasualty360.com |
May 14, 2012
The P&C commercial market has officially achieved hard-market status, according to the Council of Insurance Agents and Brokers (CIAB)—although some executives at major carriers remain skeptical.
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By Anya Khalamayzer, PropertyCasualty360.com |
May 8, 2012
Overcapitalization, high surplus and low-investment returns are keeping insurance rates out of balance and masking the true state of the market, according to two industry executives.
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By Elizabeth Festa, Arthur D. Postal PropertyCasualty360.com |
May 3, 2012
Insurance companies that own or operate a savings & loan will face fresh oversight from the Federal Reserve Board, which is creating a process by which to examine those financial institutions that have significant banking assets.
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By Mark E. Ruquet, PropertyCasualty360.com |
May 2, 2012
Bank holding company insurance-brokerage-fee income rose more than 9 percent last year compared to 2010, reaching record levels of close to $8 billion, according to a recent report measuring bank-insurance activity.
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By Chad Hemenway, PropertyCasualty360.com |
April 26, 2012
Insurance providers need to have no fear of failure when developing new products to adjust to and cover emerging risks associated with the fast-paced evolution and trends among worldwide businesses.
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By Matt Stroud, Reuters |
April 10, 2012
As weather disasters strike with more frequency, U.S. homeowners first get hit with the destruction or total loss of property. Many are then hit with the unexpected loss of homeowners insurance policies as insurance companies re-evaluate their financial liabilities.
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By Mark E. Ruquet |
April 5, 2012
The growth of microinsurance in developing countries is currently at the same point that insurance in developed nations was 100 years ago, one report suggests—and companies willing to enter into this unconventional
business are already seeing some profit.
