AnnuityNet, Inc., Leesburg, Va., is giving the industry its formerly proprietary standard for transmitting and exchanging annuity account and transaction information across the Internet. In relinquishing its intellectual property and offering it as an open standard, AnnuityNet hopes to accelerate efforts by the National Association for Variable Annuities and key industry participants toward creating a universally adopted industry standard for annuity application data exchange. The goal is to significantly accelerate the industry's efforts to produce a standard that supports full, robust electronic transport of complete and accurate data between annuity manufacturers and distributors.
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SDK integration can simplify and revolutionize digital offerings for health insurers.
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The insurtech discusses its multi-line solutions and ethics of AI.
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Allstate Corp. will end its years-long pause on underwriting in California as soon as the state regulator adopts proposed regulatory changes to make it easier for insurers to raise rates, according to a company spokesperson.
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The Net Zero Insurance Alliance will instead be replaced by the Forum for Insurance Transition to Net Zero (FIT), convened and led by the United Nations Environment Programme, according to a statement on Thursday.
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The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
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The specialty insurer is changing up its requirements for some positions, about one-third of jobs don't require a four-year college degree.
April 24