UIA (Insurance) Ltd

Walmart | July 09, 2020

In a surprise move, retail corporation Walmart has entered the health insurance market and has even begun hiring licensed insurance agents for its new business. The company announced in a virtual conference that it would start selling health insurance plans with the creation of “Walmart Insurance Services LLC.” MedCity News reported that the new business’s name was first filed with the Arkansas Secretary of State late last month....

Core Insurance

ISG | July 16, 2022

Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, has launched a research study examining providers of services that are enabling a growing number of insurance organizations to modernize their operations for better business outcomes. The study results will be published in a comprehensive ISG Provider Lens™ report, called Insurance Services 2022 — BPO and ITO, scheduled to be released in November. The report will cov...

Core Insurance, Risk Management

Verisk | October 12, 2022

Many insurers and reinsurers face challenges when assessing property risks for multiple buildings and units that share a common address. To solve this problem and simplify underwriting and portfolio management processes, Verisk (Nasdaq: VRSK), a leading global data analytics provider, has introduced BINS (Building Identification Numbering System), which utilizes geospatial data and proprietary technology to create an inventory of commercial and residential structures. Leveraging a...

Intellectual Property

Milliman | November 18, 2021

Milliman, Inc., a premier global consulting and actuarial firm, announced that it has released the latest version of its Arius® insurtech solutions, a family of state-of-the-art reserve analysis systems for property and casualty insurers. This update provides significant enhancements to the systems' analytical, reporting, and data management tools. This release provides tools to help actuaries and insurance analysts more easily build and share statistical exhibits among mu...