When and Where STP Will Reach Insurance? FTCE Panel Debates Strategies
With insurance carriers focusing more and more on reducing costs and improving efficiencies, many are turning towards end-to-end processing. However, as a panel of industry executives pointed out at this week's Financial Technology Conference & Expo, straight-through processing (STP) in insurance is no slam dunk.
Insurers Bank on Brand; Is It Enough?
A number of banks have experienced a fair degree of success
extending customer relationships though the sale of insurance
products. Until very recently, however, few insurance companies
have followed suit, despite the more flexible regulatory environment.
By Greg Davies, Senior Analyst/Insurance, Gomez
OpenFLEX Offers Free P&C Technology To Aid Aon & Marsh Victims
In order to help the families of employees of Aon and Marsh & McLennan who lost family members during the Sept. 11 attacks, OpenFLEX, Inc., will provide an AIMS-I system to
each of the first five insurers that donates $50,000 or more to aid in the relief for the families that lost loved ones. OpenFLEX will match that amount up to $50,000 per system.
CDS/EQECAT Alliance Targets Underwriters
An alliance has been announced between CDS Business Mapping,
provider of RiskMeter.com, a Web-based online property lookup
source for underwriters, and EQECAT, a catastrophe risk management software provider.
CNA has launches new capabilities on its CNA Central Web site; Lincoln Re Risk Management Services (will provide quotes on group health employer stop loss insurance through Internet-based subscription service QuoteLab; New York Life Investment Management launches three new Web sites.