Content tagged with Policy Administration posted in August 2011
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Tokio Marine Management Implements Sapiens Core Systems
TMM expects efficiency and greater speed-to-market when Sapiens' RapidSure Policy Administration and Reinsurance solutions go live later this year.
HP Enhances Life, Health and Annuity Policy Admin Systems
Enhancements to the RADIENCE Administration and INGENIUM systems foster greater speed-to-market,
lower project risk and cost, accelerated implementation and greater accessibility to distribution
and customer service channels, according to the vendor.
MajescoMastek Introduces Elixir Group Policy Admin for Annuity, Health and Life in North America
The new offering responds to increasing demand for systems supporting more sophisticated group
products.
Accenture Completes Duck Creek Acquisition
About 370 Duck Creek employees will join Accenture Software.
Sapiens Finalizes Merger with FIS and IDIT
The resulting entity will aim to realize "many potential synergies" between the three companies,
says CEO Roni Al-Dor.
What Companies Should Consider When Exploring the New Government Mandate on E-Payments Initiatives
A survey of the technology landscape, showing more and more companies turning to e-payments and ways
to expedite payments through integrated solutions, makes a case for going electronic that should put
the most critical skeptics at ease.
Ready, Fire, Aim! -- Don't Miss the Point of a Policy Administration Transformation
The convergence of aging legacy platforms, complex market demands, and a more mature vendor landscape have ushered in a unique period of policy administration transformation where it is possible for carriers to embark on this journey by taking on less risk than before but carriers who misapprehend drivers of their transformation programs risk firing at the wrong target.
Government Mandate Gives the Insurance Industry's E-Payments Initiatives a Big Push
Reduction in paper processing is only the beginning of benefits insurers gain through the electrification of payments, including acceleration processing and clearing, reduction of errors, improving visibility into receivables, eliminate information float, plus a range of service enhancements.
Reflections on Accenture's Emergence as a Multi-Tier Software Contender
Since the notorious suit against Guidewire, Accenture has abundantly clarified its status as a
software provider and caused industry observers to energetically anticipate the meaning of its
latest acquisition in terms of the insurance software competitive playing field.
Study Suggests Canada's Single-Payer System Costs Less than U.S.
The research from Cornell University and the University of Toronto found that American doctors must pay on average $61,000 more per year for administrative costs associated with insurance claims.
Vendor Consolidation Brings Synergies, But Integration Challenges Loom
Vendor M&A helps insurers by giving smaller vendors financial strength, expanded markets and
implementation capabilities, but integration of new solutions with existing solutions may present a
serious challenge to some larger vendors.
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