News & Commentary
Content posted in September 2010
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BCBS Tennessee Names William Gracey President and COO
News  |  9/30/2010  | 
The new executive comes over from the healthcare provider side to the payer side.
Guidewire Software Names Marcus Ryu CEO
News  |  9/29/2010  | 
Ryu, a co-founder of the Guidewire Software, succeeds John Raguin, who will continue at the company as vice president and executive advisor.
Checking in With Esurance on Emerging Tech
News  |  9/29/2010  | 
The auto insurer famous for its embrace of technology is planning on expansions to its mobile and telematics offerings, according to CIO Phil Swift.
American Benefit Plan Administrators Selects FIS for Claims Payment and Remittance Management
News  |  9/29/2010  | 
ABPA says FIS' electronic payment distribution services will enable the third-party administrator to realize significant cost savings on processing claims.
Insurance Fraud Bureau to Implement Detica's NetReveal
News  |  9/29/2010  | 
The industry group will use the software to establish a Web portal for its members.
Excellus Contracts MedImpact for Pharmacy Benefit Services
News  |  9/28/2010  | 
MedImpact will provide claims processing, pharmacy network contracting and pharmacy customer service functions.
Network Health Partners With Health Integrated for Coaching
News  |  9/28/2010  | 
Health Integrated's Synergy Targeted Population Management program helps segment eligible policyholders for health coaching.
Desjardins Mobile Services Include Auto Quoting
News  |  9/28/2010  | 
The diversified financial services company also offers banking services on mobile.
Ebix to Acquire USIX Technologies
News  |  9/27/2010  | 
Terms of the deal, which is set to close September 28, were not disclosed.
IASA Elects MedRisk's Estrich President of the Board of Directors
News  |  9/27/2010  | 
Estrich has been on the organization's board for nearly five years.
FirstBest Updates Agency Upload Platform
News  |  9/27/2010  | 
FirstBest AppReader 2.0 provides speed and quoting advantages over its predecessor, the vendor claims.
Sophis, Platform Computing Partner for Cloud-Based P&L, Risk Platform
News  |  9/27/2010  | 
The companies claim a test computed value at risk calaculations for a portfolio with 32,000 positions using 270 historical scenarios, in four hours.
Zurich, Canada Launches Site for Builders' Risk Brokers
News  |  9/24/2010  | 
The site allows policies to be quoted and issued quickly, the company says.
Allianz Names Director of Program Management
News  |  9/24/2010  | 
Andy Mattson will be responsible for overall delivery and management of the Allianz Policy Administration Program and associated projects, the company says.
Great-West Life Selects Evolution Benefits' Payment Card Technology For Healthcare Spending Accounts
News  |  9/23/2010  | 
The Canadian carrier will use Evolution Benefits’ prepaid benefits card services to launch Health SolutionsPlus, a group benefits solution for healthcare spending accounts, allowing group plan members direct access to HCSA available funds through a Visa payment card.
ISO Unit Prepares Driver Behavior Database
News  |  9/23/2010  | 
Applied Informatix's Driving Behavior Database for Modelers will combine telematics data with insurance data.
Swiss Re First Official Client for New IBM Mainframe
News  |  9/23/2010  | 
The new zEnterprise 196 offers 60% more capacity than its predecessor, IBM says.
Lumley New Zealand Deploys Guidewire ClaimCenter
News  |  9/23/2010  | 
Rollout began in the initial line of business in March 2009 and proceeded with enhancement releases every four to six weeks on average, bringing new product functionality online for the Lumley NZ claims team, without suffering any production outages.
Pegasystems Releases New P&C Claims Platform
News  |  9/22/2010  | 
The new platform aims to reduce costs by steering adoption of best practices, the vendor says.
Allianz Life HQ Earns Energy Star
News  |  9/22/2010  | 
The building's score puts it in the top 25% of buildings its size, the company says.
A Hybrid Approach to Detecting Insurance Fraud
A Hybrid Approach to Detecting Insurance Fraud
Insurance & Technology Videos  |  9/21/2010  | 
SAS insurance fraud detection expert, James Ruotolo, describes powerful new software solutions for identifying insurance scams, stemming losses due to fraud and improving insurance companies bottom line.
Storebrand Inks Volvo IT for Fund Management
News  |  9/21/2010  | 
The contract represents Volvo IT's first in Norway.
RSA Insurance Group Selects Accellion For File Transfer
News  |  9/21/2010  | 
The company was looking for an efficient, secure way to share contracts globally, it says.
CIGNA Names Philip Emond CIO
News  |  9/21/2010  | 
Emond will become executive vice president and CIO of CIGNA's U.S. operations in October, upon the retirement of current EVP and CIO, Michael Woeller.
High Point Auto Insurance Launches iPhone App
News  |  9/21/2010  | 
The New Jersey carrier is offering maintenance records, mechanic information and accident support through the mobile platform.
Oracle Releases New Cloud Platform
News  |  9/20/2010  | 
Exalogic Elastic Cloud is an integrated hardware and software system for both Java and non-Java applications, the company says.
Agents Council for Technology Releases Prototype Agency Information Security Plan
News  |  9/20/2010  | 
Agents Council for Technology (ACT) releases prototype agency information security plan, a free package that will provide agents with a customizable starting point for their own security plans and programs.
IBM Acquires Netezza, Continuing Analytics Focus
News  |  9/20/2010  | 
The company's latest move brings aboard a provider of data warehouse, analytic and monitoring appliances with clients including Blue Cross Blue Shield of Massachusetts, United HealthGroup and Nationwide.
PayFlex Launches Benefits Admin Platform
News  |  9/17/2010  | 
HealthHub aims to simplify and streamline financial, wellness and healthcare information by tying it to a central destination, single debit card and employee call center, the company says.
P&C Insurers’ Net Income Reaches $16.5 Billion in First-Half 2010, ISO, PCI and III Report
News  |  9/17/2010  | 
P&C insurers’ net income reaches $16.5 billion after taxes in first-half 2010, ISO, PCI and III report.
GEICO Names SVP and CIO
News  |  9/16/2010  | 
Greg Kalinsky, who took the job over officially Sept. 13, had been VP of the company's west coast operations.
Builders Mutual CIO Discusses Tablet Expectations, Strategy
News  |  9/16/2010  | 
Graeme Boddy, VP and CIO of Raleigh, N.C.-based Builders Mutual Insurance Company, spoke with Insurance & Technology about how he expects tablet PCs to change the insurance landscape.
The Hanover Recognized by ACORD for Outstanding Agent and Company Transactions
News  |  9/16/2010  | 
ACORD's Round Trip award recognizes companies that have efficiently and effectively automated the life cycle of data with independent agents, utilizing ACORD standards and forms.
Prudential Investments Debuts Retirement Planning Tool
News  |  9/15/2010  | 
IPS Scorecard enables financial advisors and their plan administrator clients to check the compliance of investments with investment policy criteria.
Gateway Insurance Company Selects 4Sight Business Intelligence for Property & Casualty
News  |  9/15/2010  | 
Mike Anagnost, CIO for Gateway, noted the platform's ease of use as a differentiating factor in its selection, in a statement.
IBM to Acquire OpenPages
News  |  9/15/2010  | 
The move is meant to boost IBM's business analytics offerings, the company said.
Guardian Introduces Online Enrollment for New Enrollees
News  |  9/15/2010  | 
The move is part of the carrier's strategy toward simplifying the benefits selection and enrollment process.
Simplifying Your Customer-Facing Application Environment with Business Transaction Management (BTM)
News  |  9/14/2010  | 
BTM solutions can provide an excellent way to dramatically simplify IT management while improving application performance and availability.
Track Peak Season Hurricanes at Insurance & Technology
News  |  9/14/2010  | 
You can observe the progress of storms through Insurance & Technology's Hurricane Tracker, made possible through partnership with Weather Central.
CSC's Future Focus: One-Third of Insurers Paring Back?
News  |  9/14/2010  | 
It's hard to draw any conclusions from a non-scientific straw poll, but at CSC's Future Focus conference yesterday, one caught my attention.
Defining the Cloud at CSC's Future Focus
News  |  9/14/2010  | 
I've been through about two hours of sessions here at CSC's Future Focus conference, and one of the main thrusts of the conversation so far has been the definition of the cloud.
AXA Equitable Makes the Most of Modern Media
News  |  9/14/2010  | 
After a few generic questions, the interviewer asks, "Do you see more people working later in life?" The interviewee pauses with dry incredulity and answers, "I see more people telling me they're working until they drop dead."
Telematics: Reinventing Auto Insurance Part II
News  |  9/14/2010  | 
Developing unique products and finding new ways to offer value to customers are critical issues for insurance companies. At the same time, a bad experience with a new technology will upset customers and could drive them away. Controls must be in place to ensure that telematics offerings don't damage the brand.
Improving Efficiency With Interminable Conference Calls
News  |  9/14/2010  | 
In observance of the Labor Day holiday, the editors of Insurance & Technology will be taking the day off on Monday, Sept. 5. We'll resume publication of I&T Daily on Tuesday, Sept. 6. For your amusement, here's a bit of Friday humor, appropriate to the theme of the holiday, touching on the less-than-joyful aspect of our work lives.
Rating Commercial Carriers on Claims Performance
News  |  9/14/2010  | 
Speed isn't all it's cracked up to be -– at least not when it comes to what corporate risk managers want from their insurance carriers.
Business Intelligence Brings Potential for Managing Content Enterprise-Wide
News  |  9/14/2010  | 
The ultimate goal is to be in a position to mine content - enabled by smart archiving, which is the ability to analyze in real time thousands of forms, identify key content such as a section or a paragraph, and understand when it is used and how it is used.
Hurricane Earl Threatens to Inflict Insurance Losses on Atlantic Seaboard
News  |  9/14/2010  | 
The Street's Maria Woehr, formerly of I&T, reports that among insurance carriers Chubb (Warren, N.J.) faces the greatest exposure to loss if Earl strikes the northeast Atlantic coast. Woehr cites AIR Worldwide's Kevin Long as predicting up to $33 billion in losses in a worst-case scenario.
High Performance Computing For Competitive Decision-Making
News  |  9/14/2010  | 
Those who effectively utilize the full potential of high performance computing and the advanced analytics that it enables will be able to make the most informed and timely risk-based decisions. And, those that make the most informed and timely decisions. are those that lead their industries.
Improving Account Integrity in the Insurance Industry
News  |  9/14/2010  | 
CIOs and CFOs together must make tactical (immediate) and strategic (long-term) progress to optimize reconciliation processes.
Applications Developed Via the Agile Method Require Tailored Automated Software Testing
News  |  9/14/2010  | 
How can software recipients and developers test the fast paced, agile software iterations to assure proper functionality and confirm that their business criteria have been satisfied?
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