New insurance technology solution introduced by Standish

insurance technology

Standish releases bundled solution for the insurance industry Standish Mellon Asset Management Company, the fixed income investment arm of BNY Mellon, has launched a new collection of solutions for insurance companies operating in the U.S. The collection includes asset management, global custody, accounting, and reporting solutions. Much of the insurance industry has been undergoing a shift to become more reliant on technology. As risks in various markets begin to evolve, technology is becoming a powerful tool in mitigating these risks and the exposure that the insurance industry faces. New solution…

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Telematics begins to have a major impact on auto insurance sector

auto insurance usage based

Reed prepares to close deal on Wunelli Reed Elsevier, a leading information technology company, is preparing to finalize the acquisition of Wunelli, a developer of telematics solutions for the auto insurance sector. Telematics is becoming very popular in the insurance industry because of how it can be used by insurers to price policies more accurately. Demand for this technology has been growing steadily over the past few years and has reached an all-time high as insurance companies continue to look for ways to mitigate losses while also providing high-quality services…

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Insurance technology is changing the game, says Swiss Re

Insurance Technology investments

The company released its latest sigma study, which has shown that tech has brought considerable change. A new sigma study released by Swiss Re has shown that insurance technology is considerably altering the way that insurers and customers interact, as each of those parties has been presented with considerable information and tools that had never before been available to either of them. Insurance companies are particularly benefiting with the amount that they can learn about their customers. What the conclusion of the study suggested was that insurers use the insurance…

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Faults with insurance technology has crippled exchanges in several states

online health insurance technology exchange

State officials come together to highlight the technology problems facing exchanges Officials from five different states are citing technology problems as the reason that their health insurance exchanges have failed to operate successfully. Representatives from Hawaii, Maryland, Massachusetts, Minnesota, and Oregon suggest that technical problems had made it nearly impossible for many people in their states to enroll for coverage through state-based exchanges. The technology behind these exchanges has been heavily criticized since the exchanges began open enrollment in 2013. Ongoing problems may have kept several thousand people from finding…

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