Publication: Insurance Business Review

First reported 17 hours ago - Updated 15 hours ago - 1 reports

The Barnstable selects SurePower Innovation Modern Enterprise Suite

The Barnstable County Mutual Insurance Company (The Barnstable), a Massachusetts-based insurance solution provider, recently selected ISCS's modular, configurable, modern enterprise suite, SurePower Innovation, as the foundation of a full suite legacy ... [Published Insurance Business Review - 17 hours ago]
First reported 17 hours ago - Updated 17 hours ago - 1 reports

Genpact to leverage SAP Solution for insurance in cloud

Genpact has become one of the first SAP partners to optimize its business process outsourcing (BPO) solutions for the SAP Business All-in-One for Insurance solution using SAP HANA Cloud Platform.Leading indicators show that the insurance market is facing ... [Published Insurance Business Review - 17 hours ago]
First reported 17 hours ago - Updated 17 hours ago - 1 reports

AJG finalizes three-year insurance deal with Parkinson's UK

US-based insurance brokerage and risk management firm Arthur J Gallagher & Co (AJG) has entered into a three-year deal with Parkinson's UK to offer bespoke travel, home and motor insurance scheme.Through its unique scheme designed for people with pre-existing ... [Published Insurance Business Review - 17 hours ago]
First reported 21 hours ago - Updated 21 hours ago - 1 reports

UAE’s RAKBANK plans to purchase majority stake in RAK National Insurance

UAE-based National Bank of Ras Al Khaimah (RAKBank) is reportedly engaged in negotiations to purchase a majority stake in RAK National Insurance in the country.The proposed acquisition is part of the bank's strategy to diversify its revenues channels. ... [Published Insurance Business Review - 21 hours ago]
First reported Jul 24 2014 - Updated Jul 25 2014 - 1 reports

India's Cabinet approves 49% FDI in insurance

The Indian Cabinet has approved increasing the foreign direct investment (FDI) in the insurance sector to 49% from the current level of 26%, meeting long pending demand of the industry to open up the sector to spur growth.Sources with knowledge of the ... [Published Insurance Business Review - Jul 24 2014]
First reported Jul 24 2014 - Updated Jul 24 2014 - 1 reports

Splashtop joins RSA Ready Technology Partner Program

Splashtop, a cross-device computing and collaboration, has joined the RSA Ready Technology Partner Program and has established interoperability between Splashtop Enterprise and RSA SecurID multi-factor authentication solution from RSA, The Security Division ... [Published Insurance Business Review - Jul 24 2014]
First reported Jul 24 2014 - Updated Jul 24 2014 - 1 reports

Turkey's Halkbank plans to offload insurance and pensions businesses

Turkiye Halk Bankasi, a government-owned lender, is considering to divest its insurance subsidiary Halk Sigorta and its life insurance and pensions subsidiary Halk Hayat ve Emeklilik.The lender conveyed its intention in a disclosure to the Istanbul Stock ... [Published Insurance Business Review - Jul 24 2014]
First reported Jul 23 2014 - Updated Jul 24 2014 - 1 reports

Tough Mudder selects SIG for Insurance, loss control & safety program

Specialty Insurance Group (SIG) has been selected by Tough Mudder, through its strategic broker partner Scottish American Risk Services, to provide a custom risk and specialty insurance program for Tough Mudder events throughout the US and Canada."Tough ... [Published Insurance Business Review - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

ACE reports Q2 net income of $779m

Global multiline property and casualty insurer ACE has reported a net income of $779m for the second quarter of 2014, down from $891m during the same period last fiscal.ACE operating income increased to $825m from $790m during the corresponding period ... [Published Insurance Business Review - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

Arthur J Gallagher to buy Baker Tilly's Employee Benefits Solutions, Foundation Strategies

Arthur J Gallagher & Co (AJG), an insurance brokerage and risk management services firm based in Illinois, US, has reached an agreement to purchase Baker Tilly's Employee Benefits Solutions business, as part of its ongoing expansion strategy.With annualized ... [Published Insurance Business Review - Jul 23 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

National Life implements insurance Technologies' application

National Life Group has selected ForeSight to illustrate the term, indexed universal and universal life insurance products issued by its insurance companies.ForeSight is a product of Insurance Technologies, a company offering sales and regulatory automation ... [Published Insurance Business Review - Jul 22 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

Symbility Health signs contract with assumption life

Symbility Health, a division of Symbility Solutions, has signed a contract with Moncton-based multi-line insurance provider, Assumption Life.In an effort to expand their business outside of Atlantic Canada with Third-Party Administrator (TPAs) partners, ... [Published Insurance Business Review - Jul 22 2014]
Entities: Insured Plans, Canada

Quotes

...to significantly increasing the level of automation within our core administration processes," said John L DeMello, president of The Barnstable. "More modern workflows and processing functionality will offer The Barnstable's agents a higher level of efficiency, productivity and communication, plus better customer service and strategic support for future business expansion and growth."
Arthur J Gallagher Parkinson's UK account manager Diane Caplehorn said: "Parkinson's affects around 127,000 people in the UK, and every hour someone is newly diagnosed with the condition."
...from cost reduction to operational excellence," said Scott McConnell, senior vice president and business development leader, Insurance for Genpact. "Genpact's agile and holistic approach to deploying advanced technologies combined with analytics, process and organizational structure enables us to partner with clients in key industries like insurance to help identify their desired business outcomes and then create a roadmap to achieve them."
A statement by the bank was quoted by the thenational.ae as saying: "The bank, on a suitable time, will further disclose the impact of the acquisition on the bank's financial statement."

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The Barnstable selects SurePower Innovation Mod... [Published Insurance Business Review - 17 hours ago]
AJG finalizes three-year insurance deal with Pa... [Published Insurance Business Review - 17 hours ago]
Genpact to leverage SAP Solution for insurance ... [Published Insurance Business Review - 17 hours ago]
UAE’s RAKBANK plans to purchase majority stake ... [Published Insurance Business Review - 21 hours ago]
India's Cabinet approves 49% FDI in insurance [Published Insurance Business Review - Jul 24 2014]
Splashtop joins RSA Ready Technology Partner Pr... [Published Insurance Business Review - Jul 24 2014]
Turkey's Halkbank plans to offload insurance an... [Published Insurance Business Review - Jul 24 2014]
ACE reports Q2 net income of $779m [Published Insurance Business Review - Jul 23 2014]
Tough Mudder selects SIG for Insurance, loss co... [Published Insurance Business Review - Jul 23 2014]
Arthur J Gallagher to buy Baker Tilly's Employe... [Published Insurance Business Review - Jul 23 2014]
National Life implements insurance Technologies... [Published Insurance Business Review - Jul 22 2014]
Securities America to acquire assets of Sunset ... [Published Insurance Business Review - Jul 22 2014]
Symbility Health signs contract with assumption... [Published Insurance Business Review - Jul 22 2014]
IRDA may permit five-year policies to simplify ... [Published Insurance Business Review - Jul 22 2014]
Federated National and CA Bancorp to establish ... [Published Insurance Business Review - Jul 22 2014]
Applied Systems introduces Alliance Partner pro... [Published Insurance Business Review - Jul 21 2014]
Kenya insurance regulator grants life insurance... [Published Insurance Business Review - Jul 21 2014]
Great-West Life offers VRSPs for businesses in ... [Published Insurance Business Review - Jul 21 2014]
Nearly 70% of Canadians not sure about their li... [Published Insurance Business Review - Jul 18 2014]
Liberty Mutual Insurance signs reinsurance deal... [Published Insurance Business Review - Jul 18 2014]
Bajaj Finserv considers offloading stakes in li... [Published Insurance Business Review - Jul 17 2014]
Solera completes acquisition of United Kingdom ... [Published Insurance Business Review - Jul 17 2014]
Onex to acquire York Risk Services Group for $1... [Published Insurance Business Review - Jul 17 2014]
RSA and Allianz collaborate with Una Alliance o... [Published Insurance Business Review - Jul 16 2014]
MAC Risk Management selects Acrometis’ CLAIMExp... [Published Insurance Business Review - Jul 16 2014]
Industrial Alliance launches voluntary retireme... [Published Insurance Business Review - Jul 16 2014]
QBE launches new construction policy in Hong Kong [Published Insurance Business Review - Jul 16 2014]
Generali to divest Swiss private bank BSI to BT... [Published Insurance Business Review - Jul 15 2014]
Solera Holdings completes acquisition of sachco... [Published Insurance Business Review - Jul 15 2014]
QBE partners with BOCHK to deliver mortgage ins... [Published Insurance Business Review - Jul 15 2014]
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