Policy adminstration

For the Army and Air Force Mutual Aid Association to modernize its mainframe, BPM is the key.

Life, annuity and pension firms are struggling to generate profits for shareholders, members and policyholders due to the global economic slowdown, increased competition and low interest rates. This confluence of factors is leading many insurers to reassess which products and markets are to be considered strategic, and how to best manage the discontinued, unprofitable and non-strategic portions of their business, according “Strategies and Options for Managing Closed Blocks: Life, Annuities, and Pensions Edition,” a new report from Celent.

In 2011, only two companies in the segment became impaired, the smallest number since 1962.

For the 7th consecutive year, INN recognizes female insurance executives who have made outstanding contributions to their businesses.

Given the second-quarter decline in the equity markets and no let up in other pressures, Fitch anticipates more modest full-year 2012 results than first-quarter improvements indicate.

Doubts surrounding global rules meant to make investors’ and insurers’ lives easier are increasing as the wait continues.

Cover-All policy administration, commercial lines products selected in an attempt to improve operating efficiency and growth.

Individuals with major driving violations, such as alcohol-related infractions and excessive speeding, have mortality rates—even non-vehicle-related deaths—that are 70 percent higher than individuals who do not, according to motor vehicle record study.

Socialite will attempt to leverage the power of Salesforce.com's to bring social interaction throughout the sales cycle.

Insurer to implement Innovation Group's entire suite, including policy, claims and analytics elements.

Billing Stream, Claims Stream to be implemented in a multi-phased approach.

Insurer turns to policy management solution to increase automation and streamline disaster recovery underwriters’ workflow.

Low interest rates and lack of returns prompt decision.

Diversification and reinsurance likely to prevent large net losses in the wake of widespread drought.

A.M. Best and Deloitte reports find that diversified carriers and those closest to the insured will be best positioned to weather changes to market.

True Term life insurance product updated so that customers can adjust term length and coverage at various points in time.

VP of Claims discusses her responsibilities, challenges and motivation as part of INN’s series, in which editors report on a day spent with an insurance IT executive. Find full coverage of the day in the July/August issue of Insurance Networking News.

Tech-savvy businesses are doing more and more to keep themselves ahead of the curve, but these 12 guidelines can help companies catch up.

Insurer looks for increased efficiency, service as product is purchased to administer MTL’s life insurance, annuity business.

Ward Group analyzes the financial performance of nearly 800 life/health insurers in the United States annually and identifies top performers in each segment. The Ward’s 50 life/health group of insurance companies produced a 19.0 percent statutory return on average equity from 2007 to 2011 compared with 3.4 percent for the life/health industry overall.