Private equity firm Genstar Capital said it has sold a significant interest in Insurity, an insurance processing and data integration software business, to TA Associates, a Boston-based private equity firm. San Francisco Genstar acquired the insurance software business from LexisNexis …
Just in time for the 2013 hurricane season, Karen Clark & Co. (KCC), a catastrophe risk and modeling firm, has released a scientific tool for creating hurricane tracks and wind speeds. Named WindfieldBuilder, the tool enables property/casualty insurance companies to …
If insurance industry chief information officers were given a sum, say $5 million, where would they spend it? Travel? Investments? Toys? Nope. They’d spend it on data and analytics. A study by Novarica, a research and advisory firm, took that …
Property/casualty insurance companies plan to invest in technology for underwriting, policy administration, consumer portals, predictive analytics/business intelligence and mobility/virtualization. Those are the top five technology priorities for carriers, according to the IVANS 2011 Carrier Automation Trends study. The survey found …
