Core systems

New Celent report dissects the value of having an IT vision.

Insurance giant says states may face “terrible” financial distress in the next 5 to 10 years that could lead to more federal bailouts.

Industry awaits Congressional action on funding flood program, as storms slam Central America.

A.M. Best affirms The Hanover, Moody’s affirms Lincoln National Corp.’s debt ratings and Fitch Ratings maintains Prudential Plc’s long-term issuer default rating.

Mutual of Omaha could soon be the most visible insurer in the banking world.

Life insurer shareholders balking at price tab of proposed acquisition of AIG Asian operations.

However, LIMRA warns that the industry won’t return to 2008’s sales figures until 2013.

As subsidies expire, House removes health insurance spending to ease passage of broader bill.

Insurers are simplifying variable annuities to reduce risk and cut costs, but most investors still want living benefits.

Observers say the assignment for financial agencies is unprecedented and, eclipses past government overhauls, such as Sarbanes-Oxley.

We all know the power of ratings and reviews. Many cinephiles base their weekend viewing on what critics favor at a given moment, as do music aficionados when browsing through the latest releases. But nowadays, you don't need to be a well-respected reviewer or influential blogger to influence people's decisions. The advent of social media is enabling everyone to wax poetic, or raise or lower their thumb in judgment of anything they choose. Facebook last month even made it possible for members to "like" items on a wide variety of partner sites, furthering both the rating phenomenon as well as its own reach. So, how does this new trend help an insurer looking to improve interactions with its customers or boost sales?

Recent deals for technology software and services.

Accenture survey finds that insurers plan to spend an average of $84 million to improve multi-channel strategies.

As lawmakers head into the Memorial Day recess, they are leaving behind some unfinished business. The latest extension of the beleaguered National Flood Insurance Program (NFIP) is due to expire on 12:01 am, June 1.

Accounting standard-setters issued new rules Wednesday that could have profound effects, not just on how assets and liabilities get valued but on how banks and financial services firms do business.

Guidewire, IBM, InsPro Technologies, Exigen among vendors touting new offerings and services at this week’s ACORD LOMA Systems Forum.

Customer Stream is designed to help carriers keep tabs on business partners.

New research points to financial institutions' responses to the financial crisis, regulatory changes and a desire to combat financial crime.

Duck Creek and Pitney Bowes partner on policy administration; Guidewire forges alliances.

Insurers watch as accounting standard setters prepare to issue new rules that could have profound effects on their business.