OIT Releases Version 10 of DocFinity Suite
Built around a J2EE server, the latest version of DocFinity includes enterprise-class business process management (BPM) and workflow tools with unprecedented power and speed, as well as products for data capture, email management, and records management, the vendor claims.
Honor Roll: This Week's Top Insurance Blogs (Mar. 22-28)
"Why not make the NAIC an arm of the federal government and give the U.S. President the right to appoint its leadership (just as he appoints the head of the Treasury and the Federal Reserve)?" wonders Mike Gantt in a sizable post on federal regulation.
Geithner Affirms Systemic Risk Regulation, Rejects Regulatory Arbitrage
Secretary Geithner's statement makes explicit what many observers have insisted was inevitable. His comment is less "a shot across the bow" at this point than a statement of the obvious. And the fact that proponents of optional federal charter (OFC) have already muted their emphasis on the word "optional" shows that the message, implied or otherwise, had already begun to sink in.
Misplaced Outrage or Righteous Anger?
If we took a closer look at the AIG bonuses and the people receiving them, at least the public could decide for itself exactly how outrageous this whole situation is.
SAS Releases Fraud Framework
The newly released SAS Fraud Framework solution includes insurance industry specific components to detect and prevent fraudulent claims activity.
Westfield Group Names New CTO
Stuart Rosenberg has been named Chief Technology Officer at Westfield Group, while his predecessor Ed Largent has been promoted to chief administrative officer.
AIG and the Angry Mob
Many have fanned the flames of hysteria against AIG by scapegoating the company, despite the possibility of harm to the company's employees and its fortunes. One such person is Rep. Barney Frank, who attempted to brow-beat Ed Liddy in Washington, despite the fact that Liddy has took on the enormous burden of managing AIG after the company's crash without asking for any meaningful compensation. Frank's behavior is all the more absurd given that the public now holds an 80 percent share in the comp
IBM to Run New Lloyd’s Exchange
The new, ACORD-compliant messaging service is based on the imarket electronic trading network for the UK company market that IBM built and has run since 2003.
The Downside to Increased Healthcare Technology
With $17 billion set aside in the economic stimulus package for electronic health records and the Obama administration's stated goal of digitizing the country's medical records in five years, a lot of people have been wondering: Can we do it? Will we be able to digitize the nations health records and put this kind of healthcare technology in the offices of every healthcare provider, big and small, across the country?
PAS, Legacy Replacement and Honda Accords
The biggest danger for most carriers is not failing to survive the downturn, but rather failing to be competitive as it ends. Long sales and implementation lifecycles mean that carriers trying to get ready for the upswing are already late in starting the process if they haven't already, and few project alternatives offer similarly strong business cases while also being competitive necessities. As a result, we're not likely to see the trend of core systems replacement end anytime soon.
Northwestern Mutual Quietly Leverages Web 2.0
Northwestern's Lifespan calculator balances credibility and simplicity, and is presented in a low-key but attractive style. For all that, it could be described as just another need-analysis tool among many. What is interesting is the insurer's press release's indirect incitement to circulate the calculator through social networking