Content posted in January 2007
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North American Insurers Are Consolidation Laggards
Twice as many European insurers have consolidated their legacy policy admin systems compared with North American Insurers, according to an Accenture survey.
RMS Faces Heat in Florida
CAT modeler RMS finds itself in the midst of an acrimonious conflict between the State of Florida and P&C insurers about rising property insurance rates. The State's concerns about the RMS's latest CAT model arose only after public reaction to press reports calling the validity of the model into question.
The Hartford Taps Ritchey for New Service and IT Role
The Hartford has named Sharon Ritchey senior vice president and chief operating officer of its U.S. Wealth Management division. Richey will be responsible for retail products, retirement plans, institutional investment products and individual life insurance.
Information Builders Shows a Smarter BI Tool
The tool is just one example of how business intelligence vendors are increasingly offering more ways to make company data available to more people throughout an organization.
Microsoft Updates Vista Before Rollout
The download includes fixes for installing the operating system on PCs with more than 3 Gbytes of memory, troubles connecting with a VPN, and performance issues in IE 7.
Car GPS Device Includes Malware, Infects PCs
The vendor rates the risk as "low," but security companies take issue with the defect.
The Case for Background Checks
When UBS PaineWebber hired Roger Duronio as a full-time systems administrator in 1999, it didn't do a background check on him.
SFG Seeks Speed With AdminServer
Having implemented its first block of business on its new AdminServer policy admin system, Securian Financial Group is reporting successful first steps on the road to greater speed-to-market.
E-Signatures: Are We Building Sufficient Electronic Evidence?
An ideal electronic signature solution would create an archive that is analogous to a paper document.
Brief: Teradata to Split From NCR as HP Enters the Market
As an independent data warehousing provider, Teradata may be more tempting acquisition bait and will face competition from HP's entry into the datawarehousing market, led by CEO Mark Hurd, who formerly ran NCR and Teradata.
Take Risk Management and Compliance to the Next Level
As insurers face increasingly onerous regulatory compliance demands, they should make enterprise risk management a high priority and consider appointing chief risk officers.
2007 Claims Opportunities: Predictive Analytics to the Rescue
In 2007 it will be imperative for carriers to establish claims data management initiatives so they can undertake predictive projects.
Future Proofing the Insurance Enterprise
Insurance CIOs are more important than ever. The traditional value chain continues to evolve, and CIOs are challenged to meet business needs while improving efficiency.
Application Renovation: Calling Vendors’ Bluff
In 2007, insurers interested in service-oriented architectures (SOA) and core system renovation will force application vendors and system integrators to either increase their ante or fold their cards in the current high-stakes game of insurance application renovation.
Adaptable Technologies
Increasingly, the insurance industry depends on flexible and responsive technology.
Winning a Zero-Sum Game
Insurers are playing a zero-sum game -- the aggregate of insurable risks is simply not growing at a rate commensurate with growth projections.
CIOs at the Crossroads
Insurance CIOs are at an uncomfortable crossing point -- business leaders demand growth and cost reduction.
It's a 'Buy' World
This is an exciting time in the insurance industry, with several factors leading carriers to make key technology decisions in 2007.
The Keys to Establishing Business Value
CIOs are evaluating and implementing technology capabilities that hold true business value for their organizations.
Wireless, Real Time And Online
In the year ahead, marketplace dynamics will drive the agenda for CIOs more than ever.
BCBSKC Boosts Site Performance
BCBSKC taps F5 Network to enhance Web site security and performance.
The Threat From Within
Insiders represent one of the biggest security risks because of their knowledge and access. To head them off, consider the psychology and technology behind attacks.
Aon’s Dail Straddles Worlds
Aon's Baljit Dail has added global CIO duties to his responsibilities as executive vice president and chief administrative officer.
An Eye on the Future
Industry association executives speculate on the most important issues and challenges facing the insurance industry in 2007.
Responding to a Changing Market: The Core Is Key
For an increasing number of insurers across nearly all sizes and sectors, policy administration system replacement is a top priority for 2007.
Balance the Strategic With the Operational
Insurance CIOs have a challenging role to play within the domain of their industry.
It’s Still About the Customer
Customers have more options than ever before, so they're pushing insurers to improve the way in which they run their businesses.
07/12/2007
Insurance organizations need to more effectively manage their growing portfolios of IT systems and find ways to gain sustainable competitive advantage from them.
Legacy Systems, Legacy Workforce
Aging is the trend that should concern insurance CIOs most.
Content Management And BPM Converge
One of the biggest trends recently has been the convergence of document and content processes with business process management (BPM).
'A Product in a Day'
Developing insurance products and delivering them to the marketplace has always been a messy business.
Available Technologies Support Innovation
The greatest trend we're seeing at St. Paul Travelers is around the pace and energy of the organization.
Look to the Long-Term
Insurers are faced with the increasingly daunting task of reducing costs and getting products to market faster.
A Great Leap Forward
If insurance systems have demonstrated a gradual evolution over the past several years, the industry may be on the verge of a spurt of development more closely resembling famed biologist Stephen Jay Gould's notion of "punctuated equilibrium."
A New Extension
Safeway implements ShoreTel's Enterprise IP Phone System, reducing maintenance costs and improving disaster recovery capabilities.
Unblocking Traffic Jams
Adopting a centralized project management solution eliminates IT bottlenecks and drives up efficiency for Great-West Life & Annuity.
Se Habla Español
WellPoint launches online Spanish-language health appraisal tool built with WebMD, and Hispanic cultural and linguistic expertise.
Online Transformation
New Web site offers John Hancock Annuities clients and advisers portfolio administration Web tools and easier access to information.
Understanding the Online Customer
Life insurance sites perform poorly in cross-industry comparisons. But the good news is, some carriers provide examples of excellence for others to emulate.
Back to the Future
It's the season for forecasts, resolutions and fresh starts, and the business media has been offering lots of predictions about what will be hot (and not) in the coming year.
Hancock Annuity Site Gets Makeover
New Web site offers John Hancock Annuities clients and advisers portfolio administration Web tools and easier access to information.
CIGNA Site Gives The Public More
Leveraging a decade of insight into user interaction and aiming at cross-industry usability standards, Philadelphia-based CIGNA has revamped its public Web site. The 16-month development effort added information and tools within an improved navigational approach, designed to let the public at large get a taste of the information and functionality that CIGNA plan members enjoy.
5 Disruptive Technologies To Watch In 2007
2007 will be the year when a host of hot technologies which have been percolating around the mainstream rise high on the radar screens of CIOs and IT managers. We'll look at five of the more significant, including RFID, advanced graphics, and virtualization.
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