Similar to many companies, Hartford Life Insurance Co., an operating unit of Hartford Financial Services Inc., Hartford, Conn., wants to know what its customers are going to do-even before they do it.And the provider is largely succeeding at that, while also building a formidable variable annuity business that generated record sales in 2003 ($16.4 billion, up 42% from 2002). Practically, the company has turned the volatile variable annuity business into a science by using predictive analysis technology.

Using a grid computing solution known as Condor, which was developed at the University of Wisconsin-Madison, the company has been better able to provide income protection guarantees to customers by using Condor to calculate risk.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access