Latest Insurance News: Finextra Research

Aviva malware infection exposes US customer details

Insurance group Aviva has written to 550 customers in the US warning them that their personal data may have been exposed as a result of a malware infection on one of the firm's computers.

04 June 2009

News/Insurance

Laptop containing pension details of 109,000 stolen

A laptop containing the unencrypted personal details of 109,000 Pensions Trust members has been stolen from the offices of HR software and services provider NorthgateArinso.

29 May 2009

News/Insurance

Co-op contracts with Finacle for core banking overhaul

Co-operative Financial Services has selected the Finacle universal banking system from Infosys to replace its legacy technology infrastructure.

27 April 2009

News/Insurance

Legal & General launches online POS system

UK insurance firm Legal & General has launched an online point-of-sale system that enables its advisers to manage their own cases from start to finish.

06 April 2009

News/Insurance

Aviva inks £700m data centre management deal with EDS

UK insurance group Aviva has inked a 10 year, £700 million contract with US IT services firm EDS for the management of two UK data centres.

03 March 2009

News/Insurance

AXA names Capita preferred bidder for £500m outsourcing deal

French insurance group AXA has chosen Capita as preferred bidder for a pensions administration outsourcing contract worth £500 million, in a move union Unite says puts up to 350 UK jobs at risk.

22 January 2009

News/Insurance

Satyam loses State Farm Insurance contract

Satyam Computer Services has had its IT outsourcing contract with US-based State Farm Insurance terminated in the wake of revelations about a $1 billion accounting fraud at the Indian firm.

19 January 2009

News/Insurance

Global financial services tech spending to fall - Celent

Global IT spending by financial services firms will slip 1.3% in 2009, to $353.3 billion, as firms tighten their belts during the economic crisis, according to Boston-based analyst Celent.

12 January 2009

News/Insurance

Steria wins Capita outsourcing deal

Steria has won a five year deal with insurance outsourcer Capita Life & Pensions to provide offshore IT application development and support services for the company's clients.

07 January 2009

News/Insurance

FSA probe raises the bar for financial comparison Web sites

A Financial Services Authority (FSA) review of insurance comparison Web sites has found that many sites have made significant improvements and are consistently providing clear, fair and not misleading information, but some firms need to go further to address a few specific concerns.

12 November 2008

News/Insurance

Origo to pilot secure e-mail service for life assurance industry

Origo, the technology standards body for the UK life assurance industry, is partnering with IFA portal Sesame, Norwich Union and Skandia to pilot a secure e-mail service for the exchange of confidential business documentation.

12 November 2008

News/Insurance

Swift to develop insurance industry platform

Interbank co-operative Swift has signed an agreement with major insurance industry players to develop a central platform for dematerialisation of paper transactions and electronic transmission between insurers, brokers and reinsurers.

17 September 2008

News/Insurance

Consumer group warns on comparison sites

Financial comparison Web sites are misleading customers and often fail to provide the cheapest product available, according to UK consumer association Which? Money.

20 August 2008

News/Insurance

Norwich Union set to cut 500 operations jobs

UK insurer Norwich Union is set to axe up to 500 operations jobs at its York offices and transfer the work to third party suppliers.

31 July 2008

News/Insurance

Tesco to take on UK's retail banks

UK supermarket giant Tesco is set to ramp up its retail banking services after agreeing a £950 million deal to buy out the personal finance joint venture it established with Royal Bank of Scotland (RBS).

28 July 2008

News/Insurance

Aviva sells BPO unit to WNS

Insurance group Aviva has sold its offshoring operations to Indian business process outsourcing (BPO) firm WNS in a £115 million cash deal.

11 July 2008

News/Insurance

SunGard buys Ireland's Delphi Technologies

Fintech powerhouse SunGard has acquired Delphi Technologies, an Ireland-based provider of IT consulting and professional services to banks, insurers and telcos. Financial terms of the deal were not disclosed.

02 July 2008

News/Insurance

Admiral creates 450 jobs in UK

UK insurance group Admiral is creating 450 jobs over the next three years - of which half will be call centre roles - at a new facility in Newport, Wales.

25 June 2008

News/Insurance

South Africa's Santam introduces SMS fraud tip-off system

South African insurer Santam is implementing mobile phone messaging technology from US-based Clickatell to launch a text-based fraud reporting system.

23 June 2008

News/Insurance

Online insurer swiftcover.com launches mobile car quote service

UK Internet-only insurance firm swiftcover.com is launching a service that enables potential customers to receive motor insurance quotes online via their mobile phones.

20 June 2008