Policy adminstration

New York — Massachusetts Financial Services Co. (MFS) says that, so far this year, gross sales in its bank trust channel have increased 30% from a year earlier. A company executive says he thinks the Boston investment management company will be able to match that performance in the channel next year, even while it struggles with overall losses.

The carrier hopes to achieve speed-to-market gains by being able to implement rule changes that govern certain underwriting processes in days or real time.

The goal of the partnerships is to enhance its business intelligence and integration solutions and increase its breadth of expertise and specialized knowledge, says the company.

The vendor undertook the SAS 70 as a commitment to insurers and in-house corporate legal departments, which expect operational and data safeguards to extend beyond the confines of the data center.

Implementation will start with workers’ comp lines, followed by commercial property lines.

As documented in a recent report, more than half of states score seven or lower out of 10 on key indicators that assess health emergency preparedness.

The open meeting will enable comment on proposed plan to regulate annuities as securities.

Senate Finance Committee releases draft of proposed changes to the tax code.

According to an Exigen Insurance Solutions survey, insurers cite systems technology as the biggest barrier to implementing pay-as-you-drive insurance.

The Depository Trust & Clearing Corp. (DTCC) is allowing investment managers who oversee separately managed account (SMA) programs to access its Fund-Serv mutual fund processing platform.

How can an insurer keep up when it’s creating 989 new bureau-based administrative forms, yet retiring only 249 forms annually?

The company will pay a $25 million fine to atone for improper accounting practices at former reinsurance unit.

AssureNET GL 4.1 is designed to provide increased management oversight and reduced costs through higher levels of automation.

Agent input drives features and functions, ease of use.

A new study finds that financial difficulties are causing customers to economize on policies.

As its stock price tumbles, the Bermuda-based reinsurer acknowledges investment losses and “efforts to maximize shareholder value.”

Business rules management firm will add support for Microsoft Visual Studio 2008 and Microsoft .NET Framework 3.5

Rosalee Kooles and Ron Wardell will support the agency's expanding commercial insurance and employer benefits practice.

Scott Serota tells Congress comparative effectiveness and health information technology are essential to healthcare reform.

The new local reinsurer, XL Re Brazil, will operate full offices in Rio de Janeiro and Sao Paulo.