Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 275

Posts Tagged ‘insurance’

KBW Insurance Conference

Posted by fidest press agency su sabato, 24 agosto 2019

Horace Mann Educators Corporation (NYSE:HMN) today announced that members of its executive leadership team will present at the KBW Insurance Conference in New York City on Thursday, September 5, 2019, at 10:50 a.m. ET. Representing Horace Mann will be Marita Zuraitis, President and Chief Executive Officer; Bret Conklin, Executive Vice President and Chief Financial Officer; and Wade Rugenstein, Executive Vice President, Supplemental and Chief Information Officer.
A link to the live audio webcast of the presentation will be available on the Events page of investors.horacemann.com. A webcast replay of the presentation will be available later that day at the same location.Horace Mann is the largest financial services company focused on providing America’s educators and school employees with insurance and retirement solutions. Founded by Educators for Educators® in 1945, the company is headquartered in Springfield, Ill. For more information, visit horacemann.com.

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New Partnerships with City Government Agencies to Enroll More New Yorkers in Health Insurance

Posted by fidest press agency su sabato, 24 agosto 2019

MetroPlus Health Plan today announced new partnerships with the Fire Department of the City of New York (FDNY), NYC Housing Authority (NYCHA) and the New York City Taxi and Limousine Commission (TLC) to provide New Yorkers who interact with these three critical agencies information about the City’s public option health plan and encourage them to enroll in affordable health insurance. The three large city government agencies interact with more than 700,000 New Yorkers annually. The collaboration between MetroPlus, the health insurance plan of NYC Health + Hospitals, and the city agencies supports the City’s commitment to guarantee health care for all New Yorkers and Executive Order 40 signed by Mayor Bill de Blasio in January requiring city agencies to help enroll people in health insurance anywhere where New Yorkers are directly served. These partnerships with City agencies were facilitated in part by the Mayor’s Public Engagement Unit, which oversees implementation of the executive order.

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Insurance Labor Outlook Study Results to be Revealed During Webinar

Posted by fidest press agency su mercoledì, 14 agosto 2019

The Jacobson Group and Aon will reveal the results of the Semi-Annual U.S. Insurance Labor Outlook Study in a complimentary webinar presentation on August 16, 2019, at 1:00 p.m. CDT.
The study, which ran from July 16 through August 7, 2019, attracted participation from insurance carriers across the industry. The results highlight current trends in the labor market and industry staffing expectations.The webinar will be presented by Jacobson and Jeff Rieder, partner and head of Ward benchmarking at Aon. All members of the insurance industry are invited to the presentation. To register for the webinar, follow this link: https://jcbsn.gr/2019Q3LaborStudyWebinar.
The Jacobson Group is the leading provider of talent to the insurance industry. For nearly 50 years, Jacobson has been connecting organizations with insurance professionals at all levels across all industry verticals. We provide an array of services including executive search, professional recruiting, temporary staffing and subject matter experts. Regardless of the need or situation, Jacobson is the insurance talent solution. Further information is available at jacobsononline.com.
Aon plc (NYSE: AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

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SSM Health Brings New Individual Health Insurance Offering to St. Louis Area

Posted by fidest press agency su venerdì, 2 agosto 2019

SSM Health will introduce a new, local option for individual health insurance to the St. Louis region this fall. WellFirst Health will offer individuals and their families access to coverage – with local providers and a health insurance plan working together to help each member achieve optimal health and wellness. Members will enjoy convenient, coordinated access to SSM Health’s comprehensive network of physicians, hospitals, outpatient and virtual care services in addition to other high-quality providers in the region.WellFirst Health plans to offer individual and family insurance for sale both on and off the federally facilitated marketplace (also known as the ACA Marketplace). The coverage is projected to be available to residents in St. Louis City, St. Louis County and St. Charles County during the ACA Marketplace open enrollment period of November 1 to December 15, 2019. Coverage would be effective January 1, 2020.“At SSM Health, we believe all people deserve access to high-quality health care services that are affordable and sustainable – and this is an important step in that journey,” said Laura Kaiser, President and Chief Executive Officer of SSM Health. “While SSM Health is already known for delivering high-quality patient-centered care, we’re pleased to be able to combine that with quality, community-based health insurance for individuals and families that enables more people to get the care they need.”
While this will be the health system’s first health insurance offering in St. Louis, SSM Health already owns and operates a health insurance organization in Wisconsin. Dean Health Plan has more than 35 years of experience in the Wisconsin health insurance market and serves more than 400,000 members. SSM Health will use this experience and expertise in integrating primary, acute and post-acute care services and pharmacy benefits with health insurance solutions to reduce costs, improve quality, and deliver a better, fully coordinated and personalized member and patient experience.“We have all the pieces of health care in place at SSM Health to make improvements in the health care issues facing this country,” said David Fields, President of Dean Health Plan and WellFirst Health. “We can look at the entire process from care delivery to payment and drive positive change and cost savings in ways most other health systems can’t. We see this as a special opportunity to collaborate with members and patients in the St. Louis area.”

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AM Best Affirms Credit Ratings of New York Life Insurance Company and Its Subsidiaries

Posted by fidest press agency su sabato, 27 luglio 2019

AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of “aaa” of New York Life Insurance Company and its wholly owned subsidiary, New York Life Insurance and Annuity Corporation (collectively referred to as New York Life). Additionally, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) on the funding agreement-backed securities (FABS) programs, the outstanding notes issued thereunder and the Long-Term IRs on the existing surplus notes of New York Life Insurance Company. The outlook of the Credit Ratings (rating) is stable. All companies are headquartered in New York, NY. (See below for a detailed listing of the Long- and Short-Term IRs.) The ratings reflect New York Life’s balance sheet strength, which AM Best categorizes as strongest, as well as its very strong operating performance, very favorable business profile and very strong overall enterprise risk management.The ratings also reflect New York Life’s risk-adjusted capitalization, which has been sustained at the very strong level, with consistently growing absolute levels of capital, ample financial flexibility and abundant liquidity, even under extreme stress scenarios. Currently, the company’s reserve profile still remains slightly weighted toward annuity products, which are exposed to the continued low interest rate environment. However, this reserve profile is driven partially by the reserving dynamics between life insurance and annuity products, which generate higher reserves for the annuity products in the earlier years. While AM Best believes that New York Life’s investment management capabilities remain strong, the potential still exists for higher-than-normal credit losses, albeit manageable, within New York Life’s general account investment portfolio. The organization’s investment portfolio is considered well-diversified with allocations that follow a consistent, long-term approach, as well as a material allocation to highly rated corporate fixed-income securities. AM Best notes that New York Life has a sizeable allocation to non-traditional assets, namely investments in private equity and hedge funds that together represent approximately 21% of total capital.New York Life’s current adjusted GAAP financial leverage, excluding accumulated other comprehensive income, together with secured and non-recourse debt, continues to be well within AM Best’s guidelines for the company’s current ratings. In addition, GAAP interest coverage is very strong. AM Best also holds a favorable view of New York Life’s proactive management approach to interest-rate risk through ongoing hedging, product design, dynamic asset rebalancing and disciplined sales. Finally, AM Best notes that New York Life has an added measure of financial flexibility in support of its very strong risk-adjusted capital position through the management of its policyholder dividend scale.The consistent and very strong operating performance is attributed to sales growth generated from its traditional ordinary life insurance business, providing long-term cash flows as the foundation. The majority of new annuity sales include market-value adjustment features that reduce interest-rate risk; however, some vulnerability to spread compression exists should the low interest rate environment persist. Overall earnings are derived from diverse sources and have increased primarily because of favorable mortality experience with overall positive business growth. New York Life’s investment operations provide further earnings diversification, reflective of the organization’s strong spread revenue and asset-based fees that are generated from the $572 billion of assets under management as of year-end 2018.

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Mutual Insurance Announce Second Annual Contest Winners

Posted by fidest press agency su venerdì, 26 luglio 2019

Seattle Department of Transportation (SDOT) and PEMCO Mutual Insurance have announced the winner of the 2019 Seattle’s Safest Driver contest and presented Scott Hogan, a professional semi-truck driver from Seattle, with a $5,000 cash grand prize for exemplary safe driving. During the last four weeks of the competition, which was the competition’s grand prize eligibility period, Hogan logged more than 1,800 miles and maintained a perfect score.
More than 2,100 people downloaded the Seattle’s Safest Driver app which encouraged people to drive safely, gives feedback on risky driving habits, and provides the opportunity to be rewarded for taking transit or biking.Throughout the competition, risky driving behavior decreased by an average of 25% across all users, which is expected to persist, as data from previous years show that safe driving habits learned during the contest have a lasting effect months after the competition ends. The resulting positive behavior change builds on Seattle’s strong safety record and supports the City’s Vision Zero initiative to end traffic deaths and serious injuries on city streets by 2030. The contest, which uses award-winning technology developed by Cambridge Mobile Telematics (CMT), ran from May 13 through July 7, 2019.The Seattle’s Safest Driver app ranked participants behind the wheel on five key factors: rapid acceleration, harsh braking, sharp turns, speeding and phone distraction. Participants saw the greatest change in the speeding category: among the top 25% of users, speeding decreased 55% and held steady for a majority of the contest.
Across the board, there was a 45% reduction in speeding, and distracted driving due to phone use improved by nearly 9%, while risk due to sharp turns improved by 11%. Speeding and distracted driving remain two of the top causes of crashes in Seattle, making these improvements notable.

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AM Best Revises Outlooks to Stable for Gulf Insurance Limited

Posted by fidest press agency su lunedì, 15 luglio 2019

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bb” of Gulf Insurance Limited (Gulf) (Trinidad & Tobago).These Credit Ratings (ratings) reflect Gulf’s balance sheet strength, which AM Best categorizes as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).The rating actions are mainly due to diminished liquidity pressure at the ultimate parent, Assuria N.V. (Assuria) (Suriname) and the potential adverse impact on Gulf and its balance sheet.The strong level of balance sheet strength is derived from very strong risk-adjusted capitalization, adequate liquidity and loss reserves, and supported by generally positive earnings. However, the assessment of the balance sheet is limited by the company’s small size. In addition, Gulf is highly dependent upon quality third party reinsurers to protect shareholder equity from catastrophic loss.Gulf’s business profile is considered limited due to its significant concentration of property and motor risks in its domestic Trinidad and Tobago market. This market is considered to be very mature and highly competitive providing the company with limited opportunities for organic growth. Gulf is a long-standing insurer, having operated in this market for over 30 years and has achieved a high level of brand recognition. As such, its risk management capabilities are deemed to be appropriate, although a formal ERM program continues to evolve.While concerns remain, the stable outlooks reflect Gulf’s ability to maintain its balance sheet strength, operating performance and business profile under current market conditions, as well as positive developments in Suriname and favorable actions being taken by Assuria to reduce its economic and financial risk.

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Best’s Market Segment Report: Positive Momentum for Russia’s Insurance Market

Posted by fidest press agency su mercoledì, 3 luglio 2019

Following a period of challenge, Russia’s insurance market appears to have reached a turning point with more diversified premium growth and better profitability reported in 2018, according to a new AM Best report. Nevertheless, in AM Best’s view, the recovery is fragile, and threats remain that could adversely impact market development and performance in the medium term.The Best’s Market Segment Report, titled “Positive Momentum for Russia’s Insurance Market, but Threats Remain,” states that development of Russia’s insurance market has been tempered in recent years by geopolitical instability, economic stagnation and the weak performance of the compulsory motor third-party liability segment. At the same time, more stringent oversight from the country’s insurance regulator, the Central Bank of Russia (CBR), has led to a reduction in the number of market participants, as smaller (re)insurers have been unable to withstand the increase in regulatory scrutiny.In 2018, the market’s total insurance premiums rose by approximately 16%, to RUB 1.48 trillion (USD 23 billion), according to the CBR. Notably, the uptick in gross written premiums was supported not just by growth in the life insurance business, but by higher income from non-life products as well. In terms of profitability, Russian insurers benefited from solid investment returns and improved combined ratios.The report also notes that at year-end 2018, 199 insurers were operating in Russia, down from over 700 companies 10 years earlier. The number of participants has declined each year, as a result of higher regulatory capital requirements, more stringent regulatory oversight and the voluntary exit of some companies. As a result of tougher conditions and a number of mergers and acquisitions, the market has also become more concentrated.

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Importance of the Terrorism Risk Insurance Program Reauthorization Act

Posted by fidest press agency su giovedì, 20 giugno 2019

Importance of the Terrorism Risk Insurance Program Reauthorization Act. “Terrorism remains an evolving, expanding, and ever-present risk in the U.S., which underscores the importance of the Terrorism Risk Insurance Program and its role in ensuring the continued stability and health of the terrorism insurance markets,” said Mr. Nageer. “We cannot afford to be complacent with regards to the program’s reauthorization.”
“The breadth of clients purchasing terrorism insurance in the U.S. is considerable and comprised of companies across every sector of the economy, of all sizes, in big and small cities alike,” said John Doyle, President and CEO, Marsh. “These organizations depend on the program to thrive and protect their workforce. We strongly support the reauthorization of TRIPRA.”Marsh’s recently released 2019 Terrorism Risk Insurance Report notes that education entities were the most frequent buyers of terrorism insurance in 2018. Hospitality, gaming, health care, life sciences, and nonprofits are in the top ten sectors buying coverage.The report also notes that should Congress allow TRIPRA to expire without a replacement, it could create capacity shortfalls, especially for businesses with significant workers’ compensation accumulations.
Marsh & McLennan (NYSE: MMC) is the world’s leading professional services firm in the areas of risk, strategy and people. The company’s 75,000 colleagues advise clients in over 130 countries. With annualized revenue approaching $17 billion, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading firms. Marsh advises individual and commercial clients of all sizes on insurance broking and innovative risk management solutions. Guy Carpenter develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities. Mercer delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce. Oliver Wyman serves as a critical strategic, economic and brand advisor to private sector and governmental clients.

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AM Best Revises Outlooks to Stable for Mountain Life Insurance Company

Posted by fidest press agency su domenica, 14 aprile 2019

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Mountain Life Insurance Company (Mountain Life) (Lexington, KY).The Credit Ratings (ratings) reflect Mountain Life’s balance sheet strength, which AM Best categorizes as strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.The revised outlooks to stable from negative reflect the continued progress regarding the integration of Mountain Life into the Kentucky National Insurance Group (Kentucky National). At this time, AM Best’s concern over execution risk leading to a deterioration in Mountain Life’s ratings has been reduced based on discussions with the new management team and Mountain Life’s results since the time of the transaction close in early 2018. AM Best has held discussions with the new management team related to business plans, strategy, and the integration of Mountain Life into the Kentucky National organization. Mountain Life’s ratings continue to be supported by solid risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), and its strong liquidity afforded by the company’s conservative investment portfolio. Offsetting factors include Mountain Life’s modest overall earnings and declining premium trends, and its concentrated business profile in the credit insurance arena. AM Best will continue to monitor Kentucky National’s business plan for Mountain Life and the company’s ability to carry out its stated plans and projections.

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AM Best Affirms Credit Ratings of Tugu Insurance Company Limited

Posted by fidest press agency su lunedì, 4 marzo 2019

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” of Tugu Insurance Company Limited (TIC) (Hong Kong). The outlook of these Credit Ratings (ratings) is negative.The ratings reflect TIC’s balance sheet strength, which AM Best categorizes as strong, as well as its marginal operating performance, limited business profile and marginal enterprise risk management. The company’s strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), is supported by its low underwriting leverage. Offsetting factors are the company’s high asset concentration and low on-balance-sheet liquidity. These factors resulted from the company’s high asset concentration in a small number of invested properties, which accounted for half of total assets at the end of 2018. TIC is a small non-life insurer in Hong Kong. Premium volume has declined sharply over the past five years as the company discontinued some unprofitable business in Hong Kong and increased its reinsurance cession. As a result of having a small net premium base, the high expense ratios increased over the same period. In 2018, TIC reported an underwriting profit mainly contributed by a reserve release. AM Best believes that a similar scale of reserve release is unlikely to repeat year-over-year, so the operating profitability will remain dependent on investment income.The company applies basic tools in risk management, such as investment and underwriting guidelines. Nevertheless, capabilities are lacking in areas such as underwriting, strategy and reserving, the last of which has a track record of volatility. The negative outlooks are based primarily on uncertainty regarding TIC’s capitalization and business profile. It also reflects the company’s low liquidity buffers.
Positive rating actions are unlikely in the near term. Negative rating actions could occur if there is a material decline in the company’s risk-adjusted capitalization and liquidity position, or if the company’s business volume shrinks materially.

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AM Best Affirms Credit Ratings of Hong Leong Insurance (Asia) Limited

Posted by fidest press agency su domenica, 13 gennaio 2019

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Hong Leong Insurance (Asia) Limited (HLIA) (Hong Kong). The outlook of these Credit Ratings (ratings) is stable.The ratings reflect HLIA’s balance sheet strength, which AM Best categorizes as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.HLIA’s very strong balance sheet assessment mainly reflects its capital size and low underwriting leverage. Given the volume of risks that the company writes and retains, the capital required to support its book of business is relatively modest, which supports its risk-adjusted capitalization being at the strongest level.Both underwriting and investment results have been consistently positive, contributing to combined ratios of under 80% and operating ratios of below 70% over the past three years. The strong and consistent underwriting results are attributable mainly to the company being very selective in the type of business it chooses to underwrite and retain. For instance, in recent years, it has reduced its exposure to workers’ compensation and continued to stay away from highly competitive product lines, such as motor insurance.HLIA has good market positions in some niche segments within its domestic insurance market, primarily in travel insurance and domestic helper insurance. In addition, a significant portion of the company’s new business is now sourced from direct marketing and the company’s online portal, both of which contribute to its lower commission cost structure. Nevertheless, HLIA’s small market share and narrow product offerings have constrained its business profile assessment.The stable outlooks reflect AM Best’s expectation that HLIA will maintain underwriting results that outperform the industry composite, supported by steady revenue growth, a low acquisition cost structure and favorable claims experience for its core product lines.Downward rating pressure could result if there is significant deterioration in its risk-adjusted capitalization or financial performance. Additionally, the ratings may be downgraded if there is material deterioration in the credit profile of HLIA’s parent company, Hong Leong Financial Group Berhad.

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Newsweek Ranks Humana in Customer Service Among Health Insurance Companies

Posted by fidest press agency su giovedì, 29 novembre 2018

Leading health and well-being company Humana Inc. (NYSE: HUM) has been recognized by Newsweek as Best in Customer Service among health insurance companies in the magazine’s new “America’s Best Customer Service 2019” rankings.In compiling its study, Newsweek and global research firm Statista collected and analyzed surveys from more than 20,000 U.S. consumers who have used services, made purchases, or gathered information about services or products in the past three years. Company rankings then were determined based on feedback regarding the company’s Net Promoter Score – the likelihood of customer recommendation – as well as on five consumer evaluation criteria: Quality of Communication; Technical Competence; Range of Services; Customer Focus; and Accessibility.“Newsweek has always been committed to deep reporting about American workers, both the challenges they face and the transformations they achieve,” said Nancy Cooper, Newsweek Global Editor in Chief. “As we examined the larger, impersonal forces that are transforming retail, it seemed like a good time to recognize a more personal factor in business success: the ways in which many companies nurture their relationships with consumers.”In all, Newsweek ranked companies across 141 sectors, including service providers, brick and mortar retailers, and online retailers. Humana ranked atop all companies evaluated in the Health Insurance Services category.“We’re very proud to receive this top honor from Newsweek,” said Vicki Perryman, Humana Senior Vice President of Consumer and Provider Service and Solutions. “Humana’s customer service team is passionate about helping members achieve their best health, and dedicated to resolving inquiries as quickly as possible. We focus on personalized engagement with members and making a connection with them. They’re at the center of all we do.”

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Assured Guaranty Wraps Notes Issuance for Places for People

Posted by fidest press agency su martedì, 23 ottobre 2018

Assured Guaranty (Europe) plc (AGE) announced that it has guaranteed principal and interest payments on £75 million of notes issued by Places for People Treasury Plc. The unsecured note issuance is to refinance existing facilities and for general corporate purposes.The 20-year fixed-rate notes were issued on 17th October 2018 and took advantage of low long-term rates and were issued as a private placement to a group of South Korean investors, of which DB Life Insurance Co. Ltd was the largest single investor. As a result of the financial guarantee provided by AGE, the investors were able to benefit from AGE’s AA by S&P Global Ratings. Places for People is one of the largest placemaking and regeneration companies in the UK, with an underlying rating of A-/Baa1 from S&P and Moody’s respectively. The Group owns or manages over 198,000 homes, operates over 120 leisure facilities and provides services to more than 500,000 people. It is committed to creating places that work for everyone.

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eLocal to Acquire Ring Router and Expand Performance-Based Lead Generation into Insurance Industry

Posted by fidest press agency su mercoledì, 3 ottobre 2018

eLocal, a leading provider of performance-based advertising for local, regional and national service businesses, today announced they have reached agreement on principal terms to acquire Ring Router. The acquisition is expected to close in the immediate term. Based in Pasadena, CA, Ring Router provides performance-based advertising in the form of pay-per-call programs within multiple insurance verticals. For years, Ring Router has helped large, national insurance agencies as well as independent local agents drive high intent, highly qualified insurance phone calls.For more than 10 years, eLocal has offered a pay-per-call/pay-per-lead solution to businesses in the home services, legal, debt and addiction sectors. With the acquisition of Ring Router, eLocal will be able to deploy its best in class performance-based advertising solutions to insurance agencies nationwide. “We are excited to build upon Ring Router’s strong foundation within the insurance marketplace,” said Bruce Aronow, CEO at eLocal.Fueled by an infusion of growth capital from LLR Partners in late 2017, eLocal is focused on augmenting its organic growth through targeted acquisitions in its existing and new verticals. “As we looked to expand our reach into new verticals, Ring Router quickly emerged as the right partner, with their similar performance-based pricing model and such a strong reputation in the insurance industry,” added Aronow.

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Trireme Insurance Group Announces Acquisition of MGB Insurance Brokers Limited

Posted by fidest press agency su sabato, 8 settembre 2018

Trireme Insurance Group, the international subsidiary of U.S. Risk Insurance Group, LLC, is pleased to announce that it has acquired MGB Insurance Brokers Limited (MGB). MGB will operate alongside Trireme’s existing London brokers, Oxford Insurance Brokers and James Hampden International.Founded in 2001, and headquartered in London, MGB is a Lloyd’s broker specializing in placing professional indemnity risks for companies in the construction, consulting, accounting, insurance, and other industries.Randall Goss, Chairman of Trireme Insurance Group, said, “MGB’s approach to its partner brokers and clients is very similar to U.S. Risk’s. They value client service and building a long-term relationship by demonstrating their expert knowledge of their market segments. We are thrilled to have them as part of our group.” Nick Bender, Joint Managing Director of MGB, said, “Glenn Gostling and I are delighted to join the U.S. Risk family of companies. We believe their entrepreneurial culture matches up very well with ours, and we are excited to be able to both supplement our offering to current brokers and clients and to expand our client base through the U.S. Risk network of agents.”

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RGI premiata da Celent grazie a Pass_insurance

Posted by fidest press agency su mercoledì, 8 agosto 2018

Celent, una divisione di Oliver Wyman Group, ha premiato RGI, software vendor indipendente leader in Europa nella progettazione, sviluppo e distribuzione di core systems dedicati al mercato assicurativo, con il premio XCelent Customer Base assegnato alla piattaforma PASS_Insurance. Con questo riconoscimento PASS_Insurance emerge come una delle principali piattaforme in EMEA nel panorama dei Policy Administration System assicurativi. Celent afferma nel report che: “RGI ha dimostrato la capacità di accompagnare le Compagnie Assicurative nel processo di trasformazione digitale, di essere un importante punto di riferimento nel mondo assicurativo digitale e di continuare a crescere in EMEA”.”Questo riconoscimento conferma la lungimiranza degli investimenti che stiamo facendo per portare sui mercati Europei una piattaforma all’avanguardia che supporti le compagnie e i broker assicurativi nella trasformazione digitale del loro business. Con una raccolta premi annuale gestita su tutta la base Clienti di più di 21 miliardi di euro, PASS_Insurance ha i sui punti di forza nell’affidabilità, flessibilità e innovazione che consentono di gestire prodotti e processi di business e di assecondare i trend tecnologici digitali nel nuovo modello d’interazione e relazione con il Cliente finale. PASS_Insurance è la piattaforma che è stata scelta, tra le altre soluzioni, dalla maggior parte delle Compagnie Assicurative del ramo Danni in EMEA e, grazie ad essa, RGI ha digitalizzato il business di più di 100 Compagnie Assicurative e 300 Broker, ed è il riconoscimento di uno standard che si sta definendo in Europa”, ha dichiarato Vito Rocca, Chief Executive Officer di RGI Group.Celent analizza le soluzioni offerte dai software vendor al mercato assicurativo. Il report ABCD Vendor View di Celent traccia i vendor che hanno raggiunto il successo nel mercato assicurativo in EMEA grazie alle loro piattaforme digitali.Questo report, Europe Middle East, and Africa Policy Administration Systems 2018, fornisce una panoramica delle soluzioni digitali disponibili in Europa, Medio Oriente e Africa, per le Compagnie Assicurative che lavorano nel ramo Danni. Il report profila 38 piattaforme per il mercato assicurativo, fornendo una panoramica delle loro funzionalità, della base clienti, delle linee di business supportate, della tecnologia, dell’implementazione, dei prezzi e dell’assistenza.PASS_Insurance di RGI è una suite completa multi-company, multi-territory, multi-currency e multi-language per la gestione end to end del business assicurativo. PASS_Insurance offre un front-end innovativo web-based, PASS_Portal, per i suoi utenti e il supporto per i browser e tablet.Le referenze di PASS_insurance hanno apprezzato la conoscenza di RGI del settore assicurativo e la sua partnership con i loro clienti, nonché la sua tecnologia e completezza funzionale e, inoltre, diverse referenze considerano la progettazione e la configurazione del prodotto come vantaggi chiave.

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New Free Service from MedicareCompareUSA Provides Insight into Patient Insurance Purchasing Decisions

Posted by fidest press agency su sabato, 21 luglio 2018

Healthcare leaders across the country now have a fresh insight into their marketplace’s competitive landscape and greater clarity as to the health insurance purchasing decision of local Medicare recipients thanks to a new user-friendly data tool created by MedicareCompareUSA. The information is available free of charge to hospitals, health systems and physician organizations and can be accessed at medicarecompareusa.com/providers.In February the company introduced its popular and industry-leading mapping capability that displayed market penetration of Medicare Advantage plans by county in all 50 states, both in raw numbers and share of market. Now that report has been updated with the most current (April) data and augmented with Medicare Supplement enrollment data by state and insurer, including trends that have emerged county by county relative to senior enrollment. With this complete information in hand, healthcare executives now have a comprehensive picture of what their local population is purchasing relative to health insurance as well as shifts in local market share for Medicare Advantage and Medicare Supplement plans.Approximately 50 percent of Medicare-eligible patients purchase their own insurance with the balance either dual eligible (receiving both Medicare and Medicaid) or still covered under an employer plan. Given current trends such as the consolidations of health plans into mega-carriers, insurers purchasing physician groups, and the introduction of unique benefits by health plans trying to achieve product differentiation, providers have a greater interest than ever in knowing the market share penetration of plans in their community as well as current growth trends and shifting demographics. Plans don’t typically provide this information to the hospitals, but now through MedicareCompareUSA it is easily available.
The Medicare enrollment data is just one of many tools offered on the MedicareCompareUSA website to consumers, providers and insurance agents. For consumers, the site serves as a Medicare plan enrollment center by providing those on Medicare a one-stop shop to answer questions regarding Medicare options and connect with an agent who can help them enroll in the plan of their choice. For agents, brokers and providers, the site serves as an import resource in helping these audiences realign their strategies and adapt to the changing buying habits of patients. The site is also a vital resource to hospitals at the time of a “compelling event”—such as change in health plan contracts—in helping them retain desirable market share they have worked hard to build.

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PASS_Insurance 3.2, Policy Administration System per le Compagnie assicurative Vita e Danni

Posted by fidest press agency su venerdì, 20 luglio 2018

RGI, Software Vendor indipendente, leader in Europa nella trasformazione digitale delle Compagnie assicurative europee, annuncia oggi la nuova release di PASS_Insurance 3.2, Policy Administration System per le Compagnie assicurative Vita e Danni. Le principali novità della nuova versione di PASS_Insurance sono quindi relative alla compliance e alla business innovation, oltre ad alcune evoluzioni funzionali che consentono un approccio più smart al business assicurativo. Intelligenza artificiale, elaborazione del linguaggio naturale, advanced analytics e modelli predittivi basati sui Big Data sono i trend tecnologici che stanno influenzando enormemente il modo in cui una Compagnia interagirà in futuro sia con l’assicurato, sia con i propri partner commerciali. RGI ha integrato queste nuove tecnologie in PASS_Insurance tramite 3 nuovi moduli:
• Insurance Chatbot: un assistente virtuale assicurativo che consente sia all’assicurato (approccio B2C) sia agli intermediari (approccio B2B) di eseguire operazioni con la voce tramite il linguaggio naturale. RGI ha sviluppato questo chatbot assicurativo all’interno di un progetto di ricerca congiunto con alcune importanti Università italiane che sono specializzate in Intelligenza Artificiale linguaggio naturale.
• Recommender system: proporre al cliente il prodotto più adatto per lui nel momento giusto sta diventando sempre più un fattore critico di successo, per questo RGI ha integrato in PASS_Insurance un nuovo sistema di recommendation assicurativa, cioè un servizio che suggerisce al cliente alcuni prodotti e servizi ai quali potrebbe essere interessato, esattamente come avviene sulle piattaforme di e-commerce e sui social network. In questo modo la Compagnia può migliorare la conversione dei prospect in clienti anticipando le loro esigenze, e attivando iniziative mirate di Up e Cross Selling.
• PASS_Products Expert: il dipartimento di Ricerca&Sviluppo di RGI ha sviluppato una prima alpha version di un nuovo modulo che supporterà le Compagnie nella definizione del miglior premio assicurativo. Questa prima versione del modulo consente alle Compagnie di segmentare facilmente la propria clientela in fasce tariffarie ed eseguire velocemente simulazioni di pricing. Inoltre, utilizzando i dati di portafoglio e quelli provenienti dai sinistri pregressi, il sistema consente di definire il premio più adatto in base al cluster di clientela.
Lo scenario normativo europeo si sta dimostrando estremamente dinamico, con nuove leggi che sono entrate in vigore di recente o altre che lo saranno a breve. Alcune nuove normative, come il Regolamento Europeo sulla Protezione dei Dati (GDPR), riguardano tutti i settori produttivi, compreso quello assicurativo. Altre sono specifiche per il mercato assicurativo, come l’IDD (Insurance Distribution Directive) o la normativa sull’Attestato di Rischio Dinamico.

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A.M. Best Upgrades Issuer Credit Rating of The Union Labor Life Insurance Company

Posted by fidest press agency su venerdì, 6 luglio 2018

A.M. Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “bbb” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of The Union Labor Life Insurance Company (ULL). The outlook of the Long-Term ICR has been revised to stable from positive, while the outlook of the FSR remains stable. ULL is a subsidiary of Ullico Inc., a holding company that offers insurance and financial products and services, with its common stock held by various labor organizations and their related benefit funds. Both companies are headquartered in the District of Columbia. The Credit Ratings (ratings) reflect ULL’s balance sheet strength, which A.M. Best categorizes as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. ULL’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), is considered to be at the strongest level, supported by its absolute growth of capital and surplus over the past few years. Additionally, the company maintains a relatively conservative investment allocation, though it produces yields that are somewhat lower than the industry average. While counterparty risk is considered to be minimal, A.M. Best notes that the company has increased its reliance on the cession of premiums over the past few years.ULL has reported favorable trends in profitability over the past few years, with its core medical stop loss business producing good metrics. Additionally, the company benefits from fee income generated by its J for Jobs and WorkAmerica separate accounts, which continue to report increasing assets under management and favorable yields relative to benchmarks. ULL continues to be a niche carrier in the Taft Hartley market, providing solutions that are valuable and innovative to its target union consumers. While ULL’s core business lines have been performing well, medical stop loss and the fees generated by a separate account have historically been the primarily drivers of profitability and growth, exposing the company to a moderate level of concentration risk. A.M. Best believes that the company could be challenged to report a sustainable level of profitable stop-loss premium growth going forward due to the highly competitive market for that product.

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