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Over 90 percent of executives for life insurance companies in North America plan to increase or hold steady their IT budgets in 2011, according to a survey conducted by LOMA and SMA Strategy Meets Action.

As Washington continues to grapple with the fallout from the financial market meltdown, momentum is building among key power brokers on Capitol Hill for the establishment of a federal charter option

WASHINGTON--Treasury Secretary Timothy Geithner is expected to announce that 12 insurance companies with life operations have been approved for government assistance under the Capital Purchase Program

The insurance industry is split down the middle over whether to accept funds from the $700 billion federal bailout program, with life insurers intrigued by the idea, but property-casualty carriers

Jacques Aigrain, Swiss Re chief executive officer, said in a statement that the difficult market environment had created "new opportunities" and the company announced it was buying Barclays Life Assur

The average life insurance company has reduced expenses from $170 per $1,000 in total annual premium in 2004 to $147 per $1,000 in 2006, according to consultants at Deloitte Development L.L.C., a

Milliman Inc., an international consulting and actuarial firm, has teamed with Microsoft Corp. to provide a scalable, cost-effective cluster computing solution to clients in the life insurance and

As life insurers renew their focus on increasing revenue and market share, a new white paper by Deloitte & Touche USA LLP's insurance industry group cautions the sector must make major breakthroughs