GEICO Continues New York Expansion, Plans on Hiring 100 New Associates GEICO is looking for talented professionals to join its Buffalo, N.Y., team. As its policyholder base continues to grow, GEICO plans to hire more than 100 associates for additional …
Much has been said about the insurance industry’s technology gap and its general hesitance to integrate modern technology into operations. While other industries heavily invested in such solutions, insurance businesses bided time, sticking to legacy processing systems. However, we’re now …
More than three years later, and we’re still learning from Hurricane Sandy. Thanks to a number of factors – from lack of preparation and education to outdated processes – many insurance claims still remain open. Last spring, the Federal Emergency …
Xchanging plc, a business technology and services provider, is delighted to announce the London market launch of a new global TPA adjusting service – Xcelsia Claims. Offering global coverage, Xcelsia Claims partners with established TPAs in local territories to combine …
A majority of property/casualty insurers in Canada expect to invest in technology in 2015, according to a joint survey conducted by Xchanging plc, a business process, procurement and technology services provider, and Insurance-Canada.ca. The survey, which found that 65 percent …
Xchanging, a technology services provider, has released a new survey, “The 2014 Insurance Technology and Spending Trends Report.” The survey, conducted at the Acord Loma Forum in May 2014 encompasses responses from 75 insurance industry practitioners. The majority of survey …
Xchanging, a business process, procurement and technology services provider, announced the acquisition of all the European operations (‘Agencyport Europe’) from the US-headquartered insurance software business Agencyport Software, for a cash consideration of £64.1m ($110.0m). The acquisition will expand and strengthen …
According to Xchanging, a London-based business processing, procurement and technology services provider to the global insurance market, electronic placing platforms have the capability to integrate document collaboration tools enabling carriers and brokers to more easily review and make changes to …
Recently, members of a Florida ring accused of staging fires and floods to make fraudulent home insurance claims were arrested. The suspects are accused of bilking homeowners insurers out of $7 million. Paul Bermingham, executive director of Xchanging Claims Services, …
Xchanging plc, the business process, procurement and technology services provider, launched its Volume Claims Service (VCS) offering. The concept of dedicated services for low value, high volume claims was introduced by the Lloyd’s market in 2012, with the objective of …