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Posts Tagged ‘Administration

A survey of chief financial officers at U.S. property-casualty insurers has found that 80 percent of them still rely on spreadsheets for reinsurance administration.

The findings were made by Columbia, S.C.-based StoneRiver, which found only 13 percent of respondents were utilizing an automated system.

A system that is entirely automated, Stone River advised, dramatically reduces the likelihood of errors due to manual processes.

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WASHINGTON—Obama administration officials met with representatives of the insurance industry to discuss regulatory reform and other matters.The White House, which already has held similar meetings with representatives of other financial services industries, met with insurance industry representatives late Thursday.“They were interested in hearing from the insurers,” said Jimi Grande, vp in the Washington office of the National Assn. of Mutual Read the rest of this entry »