Insurers approve as FASB and IASB; tell G20 that they are modifying strategy, but still aiming for June 2011 completion date.

S&P issued a report revealing that U.S. P&C insurance industry will struggle to sustain its historical operating profitability.

Four recommendations to divide the responsibilities when introducing a data governance model in a company where a strong system owner culture exists.

Strategic partnership will target insurers by pairing BPM with core system offerings.

Updated versions of insurance solution provider’s information engine and MDM tool include more robust data matching capabilities.

New Celent report dissects the value of having an IT vision.

Insurance giant says states may face “terrible” financial distress in the next 5 to 10 years that could lead to more federal bailouts.

Industry awaits Congressional action on funding flood program, as storms slam Central America.

A.M. Best affirms The Hanover, Moody’s affirms Lincoln National Corp.’s debt ratings and Fitch Ratings maintains Prudential Plc’s long-term issuer default rating.

The ACORD Certified Expert (ACE) award went to the applicants who best upheld ACORD standard, and China Life received the Rainmaker Award for its translation work.

BookSmart, Sword AgencyPort’s book rolling and risk analysis software, will be introduced first to the commercial auto industry.

Mutual of Omaha could soon be the most visible insurer in the banking world.

Life insurer shareholders balking at price tab of proposed acquisition of AIG Asian operations.

However, LIMRA warns that the industry won’t return to 2008’s sales figures until 2013.

As subsidies expire, House removes health insurance spending to ease passage of broader bill.

Insurers are simplifying variable annuities to reduce risk and cut costs, but most investors still want living benefits.

Exhibitors acknowledge improvements, but daunting challenges remain.

Observers say the assignment for financial agencies is unprecedented and, eclipses past government overhauls, such as Sarbanes-Oxley.

We all know the power of ratings and reviews. Many cinephiles base their weekend viewing on what critics favor at a given moment, as do music aficionados when browsing through the latest releases. But nowadays, you don't need to be a well-respected reviewer or influential blogger to influence people's decisions. The advent of social media is enabling everyone to wax poetic, or raise or lower their thumb in judgment of anything they choose. Facebook last month even made it possible for members to "like" items on a wide variety of partner sites, furthering both the rating phenomenon as well as its own reach. So, how does this new trend help an insurer looking to improve interactions with its customers or boost sales?

Microsoft CFO Peter Klein weighs in on the host of transformational technologies impacting insurance operations.