John FleurantNew York Life promoted John Fleurant to deputy chief financial officer, a new position reporting to Michael Sproule, executive vice president and chief financial officer.

As Deputy CFO, Fleurant will retain his current roles as senior vice president of finance and controller, positions he has occupied since joining the company in 2010.

Prior to joining the company, Fleurant served as controller at Prudential Financial. After joining Prudential in 1995, he held positions including chief financial officer for domestic businesses. Before that, he was a senior manager for Deloitte & Touche, where he spent nine years.

Fleurant holds a bachelor’s degree in business administration from Widener University and is a certified public accountant.

In other industry news:

The Women’s Business Enterprise Council (WBEC) honored Susan Kozik, senior vice president and chief information officer of Independence Blue Cross (IBC), with its 2012 Advocate of the Year Award for her efforts in mentoring and supporting women business owners.

The Advocate of the Year Award is given to a corporate employee or government member who has provided extraordinary support to women business enterprises by serving as a leader in the promotion and utilization of women-owned businesses. The award winner is selected through a blind nomination process.

In her role as IBC’s chief information officer, Kozik is responsible for leading the information services division and guiding the company’s strategic use of technology.

Established in 2000, WBEC provides national women business enterprise certification in Pennsylvania, Delaware and southern New Jersey; assists corporations in creating and building world-class supplier diversity programs; and offers educational, networking, informational, and procurement-related programs and services.

 

The Insured Retirement Institute and The American College worked together to create the Retirement Income Certified Professional (RICP) designation, an educational credential that focuses on retirement income sources, strategies and solutions.

The RICP is the first and only financial planning credential endorsed by IRI to focus exclusively on the growing field of retirement income planning. This certification is for advanced financial professionals who wish to grow their business and be leaders in the retirement income industry. The program consists of three, in-depth, self-study courses that are delivered online by experts around the country.

 

Socialware, a social business solution provider for financial services, launched a new listening platform that gives financial professionals the ability to identify significant events in the lives of their social network connections. Customized alerts consolidate feedback from across professionals’ existing networks to inform them of relevant updates that represent opportunities to interact with a client, prospect or partner.

By integrating Socialware’s listening capabilities with their overall marketing and engagement activities, professionals can bridge from social activity to social relationship management.

“The success of an advisor can be measured by the number and quality of relationships they’ve built, and financial firms rely on their advisors to drive and retain business through those trusted relationships,” said Chad Bockius, CEO of Socialware. “Advisors need a way to manage one-on-one relationships efficiently and at scale.”

Conning, a global provider of investment management services, released its Investment Optimizer functionality to provide insights on investment risk and reward as a licensable option within the GEMS Economic Scenario Generator, FIRM Portfolio Analyzer, and ADVISE Enterprise Risk Modeler software platforms.

The software support re/insurers’ regulatory, accounting and investment needs to assess their risk/reward trade-offs so decisions can be made based on risk-adjusted return information. The software also provides an asset-based efficient frontier analysis and can analyze investment risk on an integrated basis with underwriting, liability and operational risks.

The Investment Optimization capability can be accessed as a Conning consulting engagement, or as a client-led implementation with support from Conning experts. The new application works within all three of Conning software products.

 

Colonial Life enhanced the benefits available on its Disability 1000 individual short-term disability insurance plan. The redesigned plan allows brokers and agents to offer higher monthly disability benefits, improved guaranteed issue options and simplified underwriting to their clients.

With the enhancements made to the Disability 1000 plan, brokers and agents can offer their clients:

  • An increased maximum monthly benefit of $6,500;
  • A maximum monthly benefit of $4,000 for post-enrollment guaranteed issue and guaranteed issue;
  • Simplified underwriting when the monthly benefit amount is $4,000 or less;
  • A choice between off-job coverage or on/off-job only coverage;
  • Partial disability benefits encourage employees to return to work sooner.
  • Benefits if an individual becomes disabled and are no longer able to perform their own jobs—not any job;
  • Individuals can take this coverage with them if they leave or change jobs.