Technology, Internet News

Panel Lauds London Market’s Electronic Success

A panel of insurance market figures “were in overwhelming agreement today that London is leading the way in the global competitive market place,” said a bulletin from electronic processing firm Xchanging, who sponsored the panel discussion. The panel entitled “London …

Euclid Managers Adopts New Coverages, Approach for Insuring Tech Firms

Euclid Managers, LLC, an underwriting manager and claim administrator for internet, tech, media, manufacturing and miscellaneous professional liability, has added more coverage for Internet and tech companies via a new approach. The coverage approach aggregates a collection of first-party and …

Willis and XL Implement e-Accounting for London Market

The London-based operations of XL Group plc and Willis Limited, the principal UK broking company of global insurance broker Willis Group Holdings plc, announced the successful launch of a “full electronic accounting process between the two companies, using the new …

Top 5 Technology Priorities for P/C Insurers

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 …

Xchanging Appoints Sadler as Insurance Chief Info Officer

London-based Xchanging, the business processing and technology services provider and integrator, has appointed Jim Sadler to the newly-created role of Chief Information Officer for its UK Insurance Sector business. He has over 20 years of IT experience in the insurance …

Insurance Technology Vendor Vertafore Acquires Kaplan Compliance Unit

Insurance agency technology vendor Vertafore said that its subsidiary Sircon will acquire Indianapolis, Indiana-based Kaplan Compliance Solutions (KCS), which sells insurance and securities software and services. Terms of the transaction were not disclosed. KCS, an operating unit of Kaplan University’s …

Vertafore Realigns; Names Sonders Senior Executive, Drops 2 Others

Insurance distribution technology vendor Vertafore has appointed Mark Sonders as senior vice president of sales and client services. Reporting directly to the CEO, Sonders will have responsibility for sales, marketing and client support in a newly-integrated organization serving the agency, …

Cooper Gay Swett & Crawford Appoints Kruger as First Group CIO

Cooper Gay Swett & Crawford (CGSC), the global wholesale and reinsurance broking group, has appointed Brent Kruger as its first group chief information officer. He is based in London and will lead all of the group’s IT initiatives for its …

Western World Insurance Group Introduces Mobile Integrated Platform

Western World Insurance Group has launched a new mobile website for its Western World Integrated Platform (WWIP) program. The original WWIP was introduced in 2010. The new Western World platform has the ability to rate, quote, and bind on iPads …

U.S. Calls for Cross-Border Laws to Counter Cyber Attacks

Cyber criminals are outwitting national and international legal systems that fail to embrace technological advances, a top U.S. official said on Friday, demanding a cross-border campaign to combat the security threat. “Most countries don’t even have a legal framework that …