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M&As
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Many insurers struggle to proactively monitor and manage application delivery chains. What does it take to deliver round-the-clock service, with applications that work everywhere, all the time?Be the first to comment
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The $1.1 billion transaction is expected to close in the fourth quarter of this year.
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Strong sales cultures within insurance organizations won't be fading, but they're sure to be reshaped by the IT megatrends of big data, mobility and social media.
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Industry experts are warning that if insurance companies don’t master analytics and big data, someone else will — presenting a devastating competitive challenge.
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Like CMOs, CFOs increasingly shape technology selections, Oracle-Accenture study finds. CIOs must look past the threat and find opportunities to collaborate.
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As part of his effort to accommodate an IT organization under increasing demand, CIO Mark Clark envisions the creation of an innovation-friendly workspace to foster collaborative work.
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Gary Shaw, Deloitte's new insurance industry lead, talks about major market forces that the consulting firm's clients face.
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Rules-based short form is designed to simplify application process and facilitate sales.
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Guidewire has characterized the deal as providing the ability to help customers to accelerate replacement of their legacy core systems and to improve management of operational data in their policy, billing, and claims functions.
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Xchanging Aims at "Transformational Play" With Launch of Netsett Net Settlement Utility to US MarketSettlement processes similar to those that reduce needed capital from $80 billon to $12 billion on the London market are poised through an Xchanging/Deutsche Bank partnership to address $3 trillion global market, with the possibility of a 85% reduction in the working capital required.
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The U.K.-based vendor's acquisition of a distribution technology leader gives it a strong foothold, but succeeding in both geographies won't be easy.
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Along with significant efficiency and ease-of-doing-business benefits for agents, Columbian Financial Group will be able to build on its record of growth more effectively and efficiently through the operational unity afforded by its systems consolidation.
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Quindell will leverage iter8's significant footprint in the agent/broker technology space to gain market share in the new business technology arena during the coming year.
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Genworth U.S. Life Companies reduces new policy cycle times from about 25 days to an average of eight by adopting Aplifi's multi-carrier electronic settlement platform.
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U.S. insurer Protective Life Insurance is the leading candidate to buy some of AXA SA's U.S. life insurance assets in a deal that could be valued at around $1 billion, according to two people familiar with the situation.
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Robert Cummings, head of SAP's insurance business unit, says that the acquisition of Camilion helps fill holes in the company's insurance suite that had kept it out of the U.S. market.
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The ISO dimension of this week's core systems M&A is significant, but perhaps Applied Systems/IVANS is the more important deal to the industry.
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This latest manifestation of the Hartford-based vendor's renaissance exemplifies several industry trends, including a preference for core system suites, the importance of scale and the demand for ISO rating capabilities.
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SAP says the value added to its insurance software portfolio is in providing an end-to-end suite backed by its in-memory computing capabilities.
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The acquiring vendor says it can now "offer significantly more value to existing Insurity and AQS clients as well as the broader P&C insurance market."
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Catastrophes have blunted improved underwriting results across geographies, and two out of three customers are at risk of retention with only a neutral or negative customer experience.
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The great English house is a legacy system embedded in an institution with a history of hostile takeover. Its survival depends on accessing new talent and reorienting itself to understand its mission from an outside-in perspective.
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Ireland's sale of Irish Life to Canadian life insurer Great-West Lifeco will help push the government's debt below 120 percent of GDP this year, the country's finance ministry said on Tuesday.
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The Dubai International Financial Centre, a business zone, says it aims to double the number of companies there over five years by serving as a base for business with China, south Asia and Africa, not merely the Gulf.
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Joseph Swedish, a 40-year healthcare industry veteran, is charged with driving collaboration with providers to improve outcomes and reduce the costs of care.
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