Isn\’t this whole focus on manual compliance just pointless? Why would I try and defeat a problem dominated by terrorists and organized crime with \”written policies\”? Surely I should be focused on applying technology to solve these problems. http://edmblog.fairisaac.com/weblog/2006/04/no_wonder_insur.html
So it is now encumbent on insurance companies to become law enforcement officers. The costs to set up these programs will be huge. Life insurance, annuities, premiums, etc. come-on. Why would a terrorists go to such trouble to purchase an insurance policy that would not pay upon his suicidal death or his death while committing a terroristic act. Same goes for annuities. What the terrorists would have to wait until 59 1/2 to commit a violent crime in order to be able to take money out without penalties. I know there or many more types of annuities with short surrender periods; I am being just a little sarcastic.
I can see the future now…ok you passed your insurance license test now it is time for basic training- eight long weeks with nothing but you and your M16!!!!!
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Isn\’t this whole focus on manual compliance just pointless? Why would I try and defeat a problem dominated by terrorists and organized crime with \”written policies\”? Surely I should be focused on applying technology to solve these problems.
http://edmblog.fairisaac.com/weblog/2006/04/no_wonder_insur.html
So it is now encumbent on insurance companies to become law enforcement officers. The costs to set up these programs will be huge. Life insurance, annuities, premiums, etc. come-on. Why would a terrorists go to such trouble to purchase an insurance policy that would not pay upon his suicidal death or his death while committing a terroristic act. Same goes for annuities. What the terrorists would have to wait until 59 1/2 to commit a violent crime in order to be able to take money out without penalties. I know there or many more types of annuities with short surrender periods; I am being just a little sarcastic.
I can see the future now…ok you passed your insurance license test now it is time for basic training- eight long weeks with nothing but you and your M16!!!!!