Social Media Policy Template Released Today For Insurance & Financial Services Marketplace

The Insurance Marketplace Standards Association (IMSA) today announced that it has expanded its efforts to provide compliant social media guidance and resources within the annuity, life insurance and long term care insurance arenas with today’s release of the IMSA Social Media Policy Template.

Social Media: Are We Talking About it Because There’s Nothing Else to Talk About?

Object-oriented programming, CRM, SEMCI, straight-through processing, SOA, cloud computing … the list of hot topics in the insurance computer technology world seems endless. Then again, if we didn’t have some titillating tech topic to talk about, what would we do for education sessions at our conferences?

Forward Focus: Building Social Media into the Game Plan

This issue of Deloitte's Forward Focus, “Building social media into the game plan,” discusses how insurers might leverage new social media technologies and networking tools while avoiding the inherent risks of implementation.

Where Will We Find the Next Generation of Insurance IT Professionals?

Given the growing exodus of boomers from insurers’ ranks in favor of retirement, many insurers continue to ponder how they will answer this question. Every year, analysts and the media who study the industry invariably issue a new report that laments the aging insurance and insurance IT professional workforce. It’s a very real and serious business problem.

We’ve now reached a point where technology delivery has clearly outpaced insurers’ technology acceptance.

PPACA: Agencies Release Core Regulations

The Obama administration has unveiled interim final regulations it will use to implement the rescission, preexisting condition exclusion, benefits maximum and patient protection provisions in the new federal health laws.

The Commonwealth Fund: Mirror, Mirror on the Wall: How the Performance of the U.S. Health Care System Compares Internationally, 2010 Update

Despite having the most costly health system in the world, the United States consistently underperforms on most dimensions of performance, relative to other countries. This report—an update to three earlier editions—includes data from seven countries and incorporates patients' and physicians' survey results on care experiences and ratings on dimensions of care. Compared with six other nations—Australia, Canada, Germany, the Netherlands, New Zealand, and the United Kingdom—the U.S. health care system ranks last or next-to-last on five dimensions of a high performance health system: quality, access, efficiency, equity, and healthy lives. Newly enacted health reform legislation in the U.S. will start to address these problems by extending coverage to those without and helping to close gaps in coverage—leading to improved disease management, care coordination, and better outcomes over time.

National Insurance Search Site Launches

The Department of Health and Human Services has launched a website to enable consumers across the nation to compare and choose health insurance plans operating in their geographic region.

Can Insurers Survive Reform Changes to the Individual Health Insurance Market?

KPMG article is focused exclusively on the individual health insurance market and the reform-stimulated change that is expected.

The Looming Professional Gap: The Aging of the National Insurance and Risk Management Workforce

The National Alliance Research Academy has released the findings of its 2010 study, The Looming Professional Gap: The Aging of the National Insurance and Risk Management Workforce. The non-profit organization is making the white paper available at no cost to any persons interested in or concerned about these industry trends.

Massachusetts Mutual, Northwestern Mutual and NY Life Among Nation’s Strongest Life and Annuity Insurers

Unlike some of the nation’s largest banks, many large life and annuity insurers, including Massachusetts Mutual, Northwestern Mutual, NY Life, Principal Life and TIAA, receive top grades from Weiss Ratings, the nation’s only provider of independent insurance company ratings.

Accounting Experts Anticipate Massive Changes

U.S. life insurers may soon need the ability to make regular changes in the assumptions underlying accounting for in-force products. Partners at PricewaterhouseCoopers L.L.P., New York, recently gave that assessment during a Webcast on the future of insurance accounting.

BestWeek: US Life Industry’s New Business Issued Fell in 2009 in Four of Five Segments

New business issued (insured amounts) by the United States life insurance industry fell in all categories in 2009 from 2008 except for group life, which rose 7.6%, according to an annual Best’s statistical study that appears in this week’s BestWeek U.S. Canada.

Health Insurers Often Fail To Process Claims Correctly

It's no surprise when health insurers deny a claim or pay only for a certain "reasonable" amount.

It has become a way of life. But we should expect health insurers to process our claims properly and accurately.

In reality, one in five medical claims are processed inaccurately by health insurers, according to the 2010 National Health Insurer Report Card by the American Medical Association.

Claim Reserve Run-Out Studies: The Method and Its Application to Long-Term Accident and Health Product Reserve Adequacy Test

When talking about valuation in the United States, people have a feeling that it is all about government prescription.

Global Industry Fact Sheet

Presented by The Geneva Association.

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