insurance technology News

Patriot National Buys Software Firm, Vikaran, and India Development Unit

Florida-based workers’ compensation outsourcing services firm Patriot National Inc. has acquired Vikaran Solutions, a Chicago-based insurance technology company, and its Pune, India-based software development center, MPCS. The company said total purchase price for both entities is approximately $10 million.  The …

No Kidding: NetVU User Conference to Stream Live on IJ.com Thursday

A Vertafore insurance technology consultant, an insurance agency customer service representative, and an insurance carrier IT manager walk into a bar… What’s so funny about insurance technology? The answer will come this Thursday, March 26, at 1:00 pm ET/10:00 am …

Reports Show Insurers Lag Behind in Adopting Technology

At a time when the financial sector is racing to embrace digital technology to boost sales and drive profits, the traditionally staid insurance industry is in danger of falling behind. Some insurers are using developments such as telematics, or social …

Ambers Named CEO by Vertafore Users Group, NetVU

Kitty Ambers has been promoted to chief executive officer of the Network of Vertafore Users (NetVU). Ambers’ responsibilities as CEO include directing and improving NetVU operations; communicating with the executive committee, board of directors, staff and Vertafore management; and acting …

Young Agents Rate Flexibility, Career Growth Over Technology: Vertafore Survey

Technology is not an incentive when it comes to attracting and retaining millennials to the insurance industry but it can provide overall job satisfaction in terms of flexibility and career growth opportunities, according to a new survey released by insurance …

Computers at Growing Risk of Hijack by Botnet Viruses, U.S. Says

The threat posed by criminal hackers who use networks of secretly hijacked computers has increased “dramatically” over the past several years, a top U.S. Justice Department prosecutor testified Tuesday. Leslie Caldwell, the assistant attorney general for the department’s criminal division, …

How Technology Is Revolutionizing Insurance Distribution: Swiss Re

Technology is changing the way insurers and consumers interact and giving insurers access to considerable data so they can better understand their customers, says Swiss Re in its latest sigma study. The study concludes that technology will not replace all …

Vertafore, DocuSign Partner to Offer E-Signature Services to Technology Users

Insurance technology provider Vertafore and digital transaction manager DocuSign have teamed up to offer e-signature services to Vertafore’s insurance clients. DocuSign’s Digital Transaction Management Platform (DTM) will be available to Vertafore’s personal and commercial line customers who use its Vertafore …

‘Jeopardy’ Champ Watson Getting Own Division at IBM

International Business Machines Corp. is turning Watson, the technology that triumphed over human “Jeopardy!” contestants, into a separate division to help the computing-services giant return to growth. More than $1 billion will be invested in the IBM Watson Group, including …

Insurance Tech Firm Ebix Reportedly Under U.S. Review for Possible Money Laundering

Federal investigators are reviewing Ebix Inc.’s cross-border financial transactions to see whether the Atlanta-based software company engaged in money laundering, according to three people with knowledge of the matter. Ebix fell $2.50 to $9.29 or 21 percent, at 1:43 p.m. …