Core systems

The money, distributed from AIG's Fair Fund, will be mailed to more than 257,000 affected AIG investors in the next few months.

Insurers trying to obtain the sage advice of industry research experts may feel it’s akin to hitting a moving target, but the result is industry analysis excellence.

New research from Forrester finds marketing automation software the No. 1 packaged software application for insurers in 2009.

Greater press reports that senior policymakers are meeting to discuss creation of a commission to regulate financial products.

The announcement comes on the heels of last Friday's news that Ameriprise Financial Inc. also would not accept bailout money.

Karen Clark & Co., a Boston-based firm comprising catastrophe risk, catastrophe models, and catastrophe risk management consultants, reports that it has been selected by the National Association of Insurance Commissioners (NAIC) as the lead consultant in developing a recommendation on the scope, timeline and potential costs of building a national catastrophe multi-peril model for personal lines.

Three-quarters of U.S. consumers prefer buying insurance products through agents and other trusted sources, but younger and higher-income consumers are more inclined to purchase products via the Web than through an agent and are more inclined to switch insurers, according to findings of a survey of more than 1,000 U.S. consumers conducted by Burmuda-based Accenture.

Like many stakeholders in the insurance technology arena, the Association for Cooperative Operations Research and Development (ACORD) took advantage of its annual conference (the 2009 ACORD LOMA Insurance Systems Forum) this week in Orlando to bolster its influence in the industry with several announcements.

When I first set foot in the pastoral environs of the insurance industry some dozen years ago, the producers of the ACORD conference, later to become the ACORD LOMA Insurance Systems Forum, had grand visions for the event.

Service oriented architecture has many benefits, but all too often, many SOA efforts tend to languish and get mired in organizational politics and inertia. There are many reasons why this happens, but perhaps the main reason is that SOA proponents get trapped into thinking they have to take on and sell a massive, business-transforming project, with lots of planning and lots of committee meetings.

Insurance and financial services provider American International Group, Inc. said on Sunday that it would accelerate steps to position American International Assurance Company, Ltd. or AIA Group, as a separate entity and seek a public listing for it on an Asian stock exchange.

EbixExchange – a division of Ebix, Inc. received three awards relating to insurance industry standards forum the Association for Cooperative Operations Research and Development (ACORD) yesterday at the ACORD conference, held at the Walt Disney World Dolphin Resort. The awards were presented to EbixExchange Director of Carrier Product Development, Sandy Hampel, in recognition of EbixExchange’s leadership in ACORD standards adoption.

Insurance Networking News (INN) and Celent released INN’s third annual technology solution provider ranking for the insurance industry today at a black-tie awards event held at the ACORD LOMA Insurance Systems Forum in Orlando.

Group says federal oversight will undermine state-based consumer protection laws.

Eight million Americans now opt for self-directed plans according to new census.

Spamming physical and electronic inboxes is the norm for most companies selling products, so why insurers are conspicuously absent from such tactics?

Datacenters, and the economy as a whole, stand to gain as microprocessors become more powerful while consuming less energy.

Recent survey results show companies lack transparency needed to prevent insider threats.

American International Group is no longer alone as an official insurance industry symbol of economic stress. After three straight quarterly negative financial reports, The Hartford Financial received approval today to participate in the U.S. Treasury Department’s Troubled Assets Relief Program, which has approximately $110 billion left in the government’s kitty.

In spite of a down economy, actuaries and risk experts show no real changes to their risk management approach, notes survey.