Technology
Transactor revenue rises 22%
Transactor Global Solutions has reported a 22% growth in annual turnover for the year ended March 2010, to £4.5m compared to £3.7m in 2008/9.
Simply Business makes double management hire
Commercial insurance comparator Simply Business has appointed Kevin Fleming as chief financial officer and Lukas Oberhuber as chief technology officer.
Ironshore launches new D&O offering
Iron Pro, the professional liability division of Ironshore has introduced Enterprise Priva Protector 9.0 to assist businesses in managing their network security and privacy risks.
Renewable energy: evolving together
Investment in renewable energies is increasing at a rapid rate and the opportunities are plenty, however, as Ignacio Almazán explains insurers must evolve with this sector to ensure continued cover.
Exposure management: Forewarned is forearmed
Suki Basi argues that further market transparency is necessary in order to deliver improved exposure management
Viewpoint: The Hitchhiker's Guide to Solvency II
Solvency II is looming large on the horizon but, argue Henry Sopher and Ann Duffy, despite the guidelines' complex language and detailed instructions, the run-off market can make it through this new universe by simply applying sound business sense and…
Adjusting 'for free' service unveiled
Claims management services provider LAS has outlined plans to shake up the way loss adjusters are remunerated, with the launch of a new arm that it boasts can provide an equivalent service for free in 95% of household cases.
Broking focus - SME: Survival of the fittest
Are brokers right to see SME as a 'safe house' for commercial insurance, Jakki May asks if direct insurers can really have an impact on the sector and how intermediaries can counteract this threat.
Finnish insurance giant signs claims deal
Finnish insurance group OP-Pohjola Group has today announced that its subsidiary, Pohjola Insurance has selected Guidewire Claim Center as its new claims management system.
Target Harlosh wins Australian deal
Insurance solutions provider Target Harlosh has won its first managed service contract in Australasia with Western Pacific Insurance.
Dual confirms Grant appointment
Dual Corporate Risks has confirmed the arrival of former Brit Insurance head of distribution Tim Grant as its head of e-business.
UIB beats rivals to trade electronically with Lloyd’s
Lloyd’s has confirmed that insurance broker UIB is the first to successfully send a live endorsement request message through the London Market’s ACORD messaging hub, The Exchange.
Guidewire Software unveils CEO
Guidewire Software has appointed the co-founder og Guidewire as its new chief executive officer.
Insurers tipped to be smartphone app leaders
The Insurance sector is one of the fastest to jump on the 'App bandwagon' creating bepoke Apps for smartphones such as Iphones and Google Android, it has been claimed.
QBE deal with ambulance service aims to cut insurance costs
QBE is providing accident monitoring technology to promote safer driving and help reduce the insurance claims costs for the NHS as part of an arrangement with the North East Ambulance Service.
In series - Claims management: Making a difference
Technology should be a major facilitator for insurers as they seek to control costs and improve customer satisfaction. But Russell Crewe asks if the balance is right yet.
In series - Claims management: Making the most of technology
With the internet playing an increasing role in customer’s lives, Sam Barrett reports on the failure by the insurance industry to invest in claims technology systems to harness this.
Audatex system outage blasted by Axa
Axa Insurance has labelled a system outage at claims software firm audatex “unacceptable”, after a glitch left motor insurers with a four-day delay in processing repair assessments.
IFB agrees Detica software deal
The Insurance Fraud Bureau has entered into a five year contract with Detica for the implementation of its Net Reveal counter fraud software.
Pegasystems introduces new claims solution
Pegasystems has announced a new insurance claims solution that it said will “revolutionise” the way insurer’s process claims and deploy claims management functionality across operations.
BIS 2010: IUA vows technology will not change market culture
The International Underwriting Association has pledged to preserve the culture of the London market in the face of modernisation.
Wesfarmers Insurance and subsidiary Lumley General Insurance deploy Guidewire for claims
Wesfarmers Insurance, its underwriting subsidiary Lumley General Insurance, and Guidewire, have announced that Lumley NZ has successfully deployed Guidewire Claim Center as the first step in its core systems modernisation project.
Jelf goes on front foot as it unveils new board
Jelf Insurance chief executive Phil Barton has unveiled a new look executive board to replace its previous "dysfunctional" model.
BIS 2010: Jury out on e-commerce potential of social network sites
The jury is out as to whether social networking sites will lead to e-commerce, according to Vivek Banga, UK distribution leader, small business and personal lines for Brit Insurance.