News

Guidewire Software, a provider of core system software to property & casualty insurers, announces the availability of IBM Cognos Business Intelligence software as a pre-integrated reporting option with Guidewire InsuranceSuite systems for underwriting and policy administration, claims management, and billing.

Guidewire Software, a provider of core system software to property & casualty insurers, announces the availability of IBM Cognos Business Intelligence software as a pre-integrated reporting option with Guidewire InsuranceSuite systems for underwriting and policy administration, claims management, and billing.

Lloyds on Sept. 21 announced an interim loss before tax of 697 million ($1.12 billion at current exchange rate) for the 2011 first half, compared to 628 million ($980.3 million) in profit for the same period a year ago.

Pricing conditions in the airline-insurance market are not expected to change as the industry has demonstrated increasing attention to safety, according to Willis Group Holdings.

A new study says rising workers compensation premiums are more closely associated with decreases in the Dow Jones Industrial Average and interest rates on U.S. Treasury bonds rather than higher claims paymentsan assertion challenged by an industry association.

The number of questionable claims (QCs) filed during the 2011 first half increased 4.5 percent compared to the previous year, according to a recent National Insurance Crime Bureau (NICB) analysis.