Core systems

S&P removes Prudential PLC ratings from CreditWatch; Fitch affirms AIG’s issuer default rating.

Report says Chinese consortium may acquire 30% stake in AIA unit ahead of its IPO.

Law would require businesses and non-profits to notify those affected within 60 days, and offer credit and identity theft protection services.

Jackson National and New York Life have had a good year for sales so far, according to their semi-annual sales figures.

Observers say that even though Basel III is quickly coming together, uncertainty in the market about its final conditions is helping reduce available credit.

Though the use of reinsurance administration technology is growing, many insurers are still using only partially automated or manual systems.

The Professional Insurance Marketing Association (PIMA), a national membership association of agents, brokers, third-party administrators and insurance underwriting companies, named the winners of its annual Marketing Methods Competition at the 2010 PIMA Mid-Year Meeting held in Lansdowne, Va., last month.

SAS has been lauded for its OpRisk Management software since 2005.

Market showing signs of recovery; Prudential leads overall annuity sales for 2nd quarter in report issued by LIMRA.

Insurers plotting mobile strategies may want to keep an eye on developments as Oracle America claims Google infringed upon its Java-related intellectual property in developing Android.

PolicyIssuance is a Web-based solution and designed to enable general agents to issue policies.

More possible investors pull out of a bid for AIG's Asian insurance arm.

Despite the increase, the Council for Disability Awareness says there's little evidence the recession has broadly impacted the number of claims.

Gartner expects insurance IT spending to increase 2.1% from last year.

Three companies currently under scrutiny; feds say there are many more alleged offenders.

U.K.-based gadget insurer shares some of the more bizarre claims it has received.

WCSI and Innovation Group worked together to map data from legacy systems, developed dashboards, MI and BI reporting, and Mountain West is buying in.

Insurer says company’s 11,500 U.S. agents in are key to market share.

A congressional panel says that had the U.S. worked with foreign governments, it could have borne fewer financial risks related to the insurer's rescue.

In letter to HHS, commissioners say they have requisite powers to implement law.