Core systems

The Senate approved several amendments yesterday that call on the Federal Reserve Board to release details about institutions that have received assistance during the financial crisis.

MFC Global Investment Management will use the Thomson Reuters Portia recordkeeping system for more than $66 billion in public assets under management.

Instant messages, text messages, blogs and wikis are some of the culprits contributing to content management difficulties.

Fans and critics of the new legislation weigh in after formal introduction.

Former CEO says risk management culture withered after his tenure ended.

Bill intends to protect elderly consumers from fraud.

Insurer will shed 10% of workforce and consolidate offices worldwide.

Insurers say an Optional Federal Charter (OFC) will streamline distribution channels, lower administrative costs and provide more product choices and pricing options for policyholders.

Commissioners’ Mandate Rests on Unfounded Fears

Among other findings in a Willis Re report, the reinsurance market stands out as the only capital market operating smoothly, with buyers able to access large quantities of contingent capital.

WEB-BASED BILLING SYSTEM

IMAGERIGHT AND READSOFT PARTNER ON OFFERINGS

LIMRA/LOMA CEO predicts a vastly different life insurance industry after the financial crisis and economic downturn comes to an end.

Exclusive to INN: Ara Trembly, among industry thought leader contributors.

The Operational Riskdata eXchange Association is one of the loudest voices calling for the creation of a global standard for reporting loss events to regulators.

Aflac and State Farm were the only two companies in the top 25 to buck the trend and record positive year-over-year gains.

A new report from Celent sees double-digit growth ahead for business process outsourcing.

Celent believes that if insurers invest in technology, improve their infrastructure and don’t get too caught up in the prognostication, they'll be able to successfully endure the economic crisis.

Mike Wells, Jackson National's CFO, believes companies will regroup in 2009, as consumers figure out what their risk appetite will be going forward.

Rating agencies review, process 2008 Q4 earnings reports and investment losses, with mixed results.