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 carrier says Tuo addresses its need for an end-to-end portal solution as well as a repository of customer information and an internal workflow to support enrollment and customer relationship management.
By Paul Delbridge, Mark Purowitz, Punita Gandhi and Caitlin Marcoux, PwC | May 10, 2013
There is a great opportunity to more effectively utilize actuaries’ advanced analytics and modelling expertise, and thereby change actuaries’ role from scorekeeping to one in which they create a significant, information-driven competitive advantage for the organization.
The next generation of underwriting talent will grow and thrive not by the oral history passed along from the prior generation, but by the ability to provide an environment fueled by superior rules, insight-driven analytics, real-time collaboration and faster execution.
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.
The newly rebranded vendor's InsureRight offering, now covering all lines of business, is designed to give carriers statistically valid portfolio insights that they can distribute to individual underwriters in a simple, easy-to-understand language.
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.
Successful agents differentiate themselves by building social media best practices into their regular routine to prospect, connect, and grow their customer base — and reap the rewards of earned loyalty.