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MMC said it would seek to create savings on information technology by establishing global centers for service, infrastructure and network operations. It also plans to improve procurement management
MajescoMastek has introduced its Elixir Incentive Compensation Management solution (Elixir ICM), which permits carriers to manage distribution channels, motivate producers with customized reward
AIR Worldwide Corporation has released its U.S. wildfire model, a probabilistic model designed to help insurers understand the location of their exposures and to estimate potential losses from
The executives were charged in a multi-count indictment with conspiracy to violate federal securities laws and commit mail fraud, as well as with securities fraud and making false statements to the
In the United States, 5 reinsurers now handle about 80% of U.S. individual life business in force, the analysts write, citing figures from a May study conducted by Munich American Reassurance Corp.
The National Underwriter Company (parent company of Tech Decisions magazine and eNews) has released the OCS Online CAM (Career Activity Management) Report, an analysis and reporting tool that
Wilson is a board member of the Property Casualty Insurers Association of America, Des Plaines, Ill. He has been active in efforts to lobby for the Terrorism Risk Insurance Act and, generally, to
Advisen Ltd., a provider of analytics, benchmarking, and market information to the global commercial insurance industry, has released Advisen 5.0, a new version of its information and analytics
With an eye on the looming expiration of the Terrorism Risk Insurance Extension Act next year, policyholders--led by commercial real estate interests--are taking the lead in drafting proposals for a
The Foreign Countries Working Group, an arm of the Life Insurance and Annuities Committee at the National Association of Insurance Commissioners, Kansas City, Mo., held a hearing on the topic here
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