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Software is making the insurance industry more efficient

May 27, 2014May 26, 2014 Marc

Technology is becoming a powerful tool for insurance companies IBISWorld, a global business intelligent organization, has released a new report concerning the effect that new technology is having on claims processing in the U.S. Claims are nothing new for the industry, but how insurers deal with the claims they receive has been evolving rapidly over the years. As new technology becomes available, insurance companies are finding better ways to manage claims and process these claims at a more rapid pace. Insurers are also become more adept at weeding out fraudulent…

Insurance Industry Rapidly Adopts Touchstone, AIR’s Next-Generation Platform

July 18, 2013 Guest Author

Insurance industry standards and technology

BOSTON, July 18, 2013 — The insurance industry is rapidly adopting TouchstoneTM, AIR Worldwide’s next-generation catastrophe modeling platform. Since the new software’s release in January 2013, Touchstone has gained wide acceptance across the marketplace by some of the largest insurers, reinsurers, and intermediaries. “With the release of Touchstone, AIR is offering a robust and reliable platform that we can easily integrate into our proprietary catastrophe management system, APEX,” said Alan Calder, group head of catastrophe risk at Aspen. “Part of our risk management strategy is to evaluate and understand multiple…

SAS wins innovation award for insurance fraud prevention technology

September 26, 2012April 21, 2014 Guest Author

SAS® Fraud Framework for Insurance recognized by Strategy Meets Action (SMA) Business analytics leader SAS was recognized by leading insurance strategic advisory firm Strategy Meets Action (SMA) with its SMA Innovation in Action award for SAS® Fraud Framework for Insurance. This honor spotlights how new technologies can help modernize, optimize and innovate insurance practices. “SAS, the winner in the IT solution provider category for SAS Fraud Framework for Insurance, provides a cutting-edge solution by combining key next-generation technologies to help insurers detect and prevent both opportunistic and organized claims fraud,”…

Clerity Solutions provides mainframe migration, upgrade, and optimization services for 21st Century Insurance

January 10, 2012January 10, 2012 Julie Campbell

Clerity Solutions, a provider of mainframe modernization, migration, and optimization services, has announced that it was selected by 21st Century Insurance – a part of the Farmers Insurance Group of Companies – in order to update and migrate its legacy mainframe application which operated for many years on a mainframe. Clerity was chosen when it was the only service provider that showed that it was capable of offering a complete rehost of the full legacy system, which included the programs for CA Easytrieve Plus. Through the use of the UniKix…

A new eLearning Platform will provide assistance for the insurance industry and its customers

September 20, 2011May 8, 2013

The top provider of data and identity risk management services, Identity Theft 911, has revealed that it is offering a brand new eLearning Platform that has been created to provide personalized online training to enhance its data breach and identity theft avoidance and resolution services. The organization is demonstrating this new online solution at the 116th National Association of Mutual Insurance Companies (NMAIC) Annual Convention. The NMAIC convention is the biggest meeting of insurers in the United States and is being held from September 18 through September 21, 2011 in…