What’s New: In Brief (December 14, 2007)

Temple Insurance Company has affirmed the company’s financial strength rating of A.
The outlook for the company’s financial strength rating has been revised to positive.
According to A.M. Best Co. the ratings and outlook reflect its “view that Temple maintains excellent capitalization, has delivered a consistently favorable operating performance and benefits from its strategic affiliation with Munich Reinsurance Company of Canada and its ultimate parent, Munich Reinsurance Company.”
The company’s earnings results continue to improve as evidenced by favorable underwriting and investment income, A.M. Best Co. reports.

CGI Group Inc., in collaboration with Norwich Union and Allianz Insurance, announced the launch of an Account Reconciliation Centre.
According to CGI, the ARC is a flexible Web-based tool that is set to make paper-based insurance account settlement a thing of the past.
Allianz Insurance, Norwich Union and the range of their brokers have been piloting ARC for six months.
“ARC is an accounts settlement system that has been developed in consultation with the industry, for the industry one that brings efficiency to the back office and tangible benefits to both sides involved in the business process: insurers and brokers,” Tim Gregory, vice president, insurance sector, CGI, said in a release.