Start up ventures without legacy burdens enjoy a great opportunity for a forward-looking management team to really embed analytics and digital communications into their strategy, but others can leverage technology for specialty success, suggests Martina Conlon, Novarica.
The potential benefits of automated systems for new business and underwriting – in terms of speed, accuracy, cost reduction and improved service – make for a compelling value proposition.
What a new Gartner report terms "active loss prevention" could usher in a new era of insurer/policyholder cooperation in the prevention of loss of property and person — potentially reshaping consumers' perception of the value of the insurance industry.
Technical competence is never enough, at least not for inspiring excellence in execution in others, helping them to be better than the teams you're competing against.
New York Insurance Commissioner Ben Lawsky's criticism of captive reinsurance deals appears sensationalist in light of the yesterday's FIO report and industry-side statements.
What a new Gartner report terms "active loss prevention" could usher in a new era of insurer/policyholder cooperation in the prevention of loss of property and person — potentially reshaping consumers' perception of the value of the insurance industry.
Twitter activity around the IASA Educational Conference and Business Show increased this year with the promise of an iPad Mini to one prolific Tweeter. Here's some of the highlights.
The Ben Franklin-founded company set out to find a core systems solution that could meet expectations of producers and insureds for service and information access, while providing internal process efficiencies and continual upgrades as technology advances.
Built around the vendor's Quicksolver core platform, Quicksolver Connect is a virtual shopping mall of pre-integrated, web-deployed software components enabling a best-of-breed approach to meet insurers' specific needs.
The potential benefits of automated systems for new business and underwriting – in terms of speed, accuracy, cost reduction and improved service – make for a compelling value proposition.
Guidewire has characterized the deal as providing the ability to help customers to accelerate replacement of their legacy core systems and to improve management of operational data in their policy, billing, and claims functions.
The Columbus, Ohio-based carrier chose WebXL as a comprehensive solution providing enhanced data access, improved controls and fully automated processing.
Gordon Gaudet, most recently director and co-lead of Deloitte Consulting's Insurance Core Systems Transformation practice, will have responsibility for all IT operations at the P&C insurer.
OMSNIC will use Accenture's Policy Administration, Billing and Claim Components software in order to create a single integrated solution for rating, quoting, underwriting, billing, claims administration and policy lifecycle support.
By consolidating business rules into a central, audit trail-supported repository, DECISION for Insurance is designed to give carriers full control of decision execution throughout the enterprise, and consistency across multiple systems.
In his new role as analyst, former Navy Mutual CIO Tom Benton will report on core system transformation, IT strategy and project management, with a focus on life and annuity carriers.
The new version includes user experience improvements, as well as group business features, such as a dedicated CRM desktop and simplified accounting and underwriting process review.
Celent's Chuck Johnston says its makes sense that compelling new solution offerings in the group administration space should come from property & casualty system vendors such as Exigen.
Along with significant efficiency and ease-of-doing-business benefits for agents, Columbian Financial Group will be able to build on its record of growth more effectively and efficiently through the operational unity afforded by its systems consolidation.
Deciding that the time is right for core policy system replacement isn’t the same as being ready to do so, but mistaking the two is a common trap for insurers to fall into.
CIO Jim Korcykoski and project leader Seth Flory, VP, Business Transformation Office, relate how Nationwide decided the time — and the target system — was right for a package policy admin system implementation for processing policies representing about $9 billion in premium.
The Philadelphia-based vendor, whose forwardPAS system has a pedigree through pioneer L&A-focused system AdminServer, will support Mumbai-based Health India TPA Services’ healthcare claims administration.
Rather than rip-and-replace, optimize your mainframe MIPS for key applications and understanding where you can redeploy MIPS-heavy workloads to alternative, more cost-effective platforms without introducing significant risk.