Japan's property/casualty insurer SBI Insurance has deployed Guidewire Software's InsuranceSuite service for underwriting, policy administration, billing and claims management. The new solution will be implemented by SBI Insurance for its ...
Tags: SBI Insurance, property insurer, casualty insurer, InsuranceSuite service
Switzerland based insurer ACE and its local partner have inked a deal to acquire PT Asuransi Jaya Proteksi in Indonesia for nearly $130m in cash. Commenting on the Indonesian acquisition, ACE vice chairman and chief operating officer John ...
Tags: insurer, ACE, PT Asuransi Jaya Proteksi, life insurance
Accenture has introduced an enhanced version of its life and annuity insurance software suite, Life Insurance Platform, in an effort to lower operating costs for insurers. Accenture Software for life insurance product line lead Mitchel ...
Tags: Accenture, enhanced life, insurance software
Bank of America (BofA) has been charged by homeowners in a Florida federal court over allegations for charging them excessively in connection with so-called force-placed insurance. The home owners were quoted by Bloomberg as saying, "A ...
Tags: Florida home owners, force-placed, BofA
Donegal Insurance Group has selected Valen Technologies' InsureRight product as a predictive analytics solutions for workers' compensation insurers. Valen CEO Dax Craig said: "InsureRight will help Donegal's underwriters make more ...
Tags: Donegal Insurance Group, workers'compensation, InsureRight
RSA, a UK based commercial insurer, has signed a bilateral agreement with LV= in an effort to accelerate motor payment processes and eliminate unwanted costs. LV= technical claims director Martin Milliner said, ''These types of bilateral ...
Tags: RSA, bilateral agreement, LV=
US based diversified conglomerate Berkshire Hathaway has agreed to acquire Spain based Caixabank's life insurance operation, VidaCaixa, in a deal valued at EUR600m. The seller will get EUR524m pretax gain following the completion of ...
Tags: Berkshire Hathaway, acquire, life insurance, Spain, insurance operations
Southern Trust has chosen Accenture's Duck Creek policy administration and billing software to modernize core insurance policy system and enhance processes to support business expansion. The software suite will serve as core commercial ...
Bermuda-based RenaissanceRe Holdings has established Timicuan Reinsurance III Limited (Tim Re III), to offer additional reinsurance capacity for the Florida homeowners market. According to the company, Tim Re III has been capitalized with ...
Mortgage Guaranty Insurance Corporation's (MGIC) subsidiary MGIC Indemnity Corporation (MIC) has satisfied all conditions for Freddie Mac approval to continue as a limited mortgage insurer through 31 December 2013. The conditional ...
Tags: mortgage guaranty, insurance, indemnity, mortgage insurer, FHFA
MphasiS, a unit of HP Company, has signed a definitive agreement to buy US based Digital Risk, is an all cash deal valued at $175m. Digital Risk is an independent provider of risk, compliance and transaction management technologies to the ...
Tags: HP, buy, cash deal, compliance, transaction management technologies
Global risk and reinsurance intermediary Guy Carpenter & Company and CloudInsure have teamed up to address and bring emerging insurance services that is in line within the Cloud technologies. Under the agreement, the cloud insurance ...
Tags: risk, reinsurance, Guy Carpenter Company, insurance service
The Association of British Insurers slammed mining group Xstrata's plans to reimburse key managers' big retention packages to ensure sustainability after its proposed merger with rival Glencore. The influential shareholder body condemned ...
The Insurance Council of New Zealand (ICNZ) has appointed Tim Grafton as its new chief executive officer (CEO), effective from November 2012. Grafton, currently serving as executive director at UMR Research, will succeed Chris Ryan, who ...
Tags: ICNZ, Tim Grafton, CEO, insurance
Insurance information-services company ICEX has launched the first cross-claims data exchange, Claimcatcher, to help reduce overpayments related to medical and injury claims for property & casualty (P&C) and health insurers. ICEX CEO ...
Tags: ICEX, health insurance, property insurance, casualty insurance