Policy adminstration

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.

In a letter to Congressional leaders, Treasury Secretary Timothy Geithner made it clear that the government is serious about revamping the nation’s financial regulatory system.

The only insurer required to take the federally-mandated test, MetLife continues to assert its financial strength.

It’s computer vs. Jeopardy champs in planned contests, but AI has some growing up to do.

Letter may shift long-running debate about flood insurance program.

Loss of deductions would be harmful, industry says.

CEO Edward Liddy says his plan does not include divesting AIG assets at fire-sale prices.

Conseco and Allianz both tout quarterly reports.

According to Forrester research, of the 18 million U.S. consumers applied for, or purchased, auto insurance via the Web, only 9% used a comparison site.

Fitch Ratings downgrades Hartford Financial Services Group’s primary life insurance subsidiaries ratings and affirms P&C subsidiaries ratings.