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

Reinsurers used to operate on experience, intuition and a handshake.

Like a quarterback in the pocket, insurance CIOs modernizing their policy administration systems are facing a lot of pressure, but know that the end zone holds great promise.

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.

Financial services organizations may regret taking a reactive stance to the down economy, since holding back on IT spend restricts improving the very systems that create a competitive edge.

Catastrophes, mortgage/financial guaranties are cited as primary cause, as American Family, State Farm CNA Insurance Cos., lead the industry with the highest ratios.

One of the biggest challenges facing insurers today is updating or migrating their legacy systems to better align themselves with the rapidly changing business landscape.

Elimination of contentious group support clause paves way for enactment of regulations.

A new document shows that a strong balance sheet and operational support are the keys to strong rating.