• Oracle Will Acquire AdminServer
  Deal forecast to close within the first quarter of 2008.
• Versata Acquires Clear Technology
  Clear Technology will operate as a standalone entity within Versata's financial services business unit.
• NFS Standardizes Reporting on WebFOCUS
  Nationwide Financial moves to consolidate enterprise operational reporting onto a single platform, leveraging the latest release of Information Builders' WebFOCUS.
• First American Proxix Solutions Adds Risk Concentration Layer Option to CATUM Solution
  The enhanced automated hazard risk management solution allows insurers to more accurately identify policy risk concentrations within a geographic area.
• Knight Drives the BASICs at Chubb
  Chubb's new enterprise CIO Jim Knight will work towards bringing the carrier's IT organization to new levels of capability.
• MassMutual Launches New Recruitment Web Site
  MassMutual has launched a new video-intensive Web site aimed to recruit potential employees and agents, especially those currently based outside the financial services industry.
• Northwestern Mutual CIO Schaefer Drives Greater Maturity
  Tim Schaefer will leverage the experience of a wide-ranging career within Northwestern Mutual to shepherd the carrier's IT organization to new levels of maturity.
• Lincoln General Selects Valen’s UnderRight Solution
  Lincoln General Insurance Company will implement UnderRight, Valen's predictive analytics solution.
• FirstBest Systems And INSTEC Form Partnership
  FirstBest Systems And INSTEC have formed a strategic alliance and will look to develop joint underwriting solutions.
• Fiserv Incorporates Valen’s Underwriting Analytics
  Users of Fiserv's P&C product suite will gain real-time predictive underwriting capabilities.
• Chad Hersh Joins Novarica
  Known for his expertise on core insurance systems, Hersh was the lead author of Celent's bi-annual policy administration system research reports and conducted over a dozen core systems replacement evaluation projects for a broad range of insurance carrier clients on both the life & annuities and property/casualty sides of the industry.
• AXIS Goes Live as AdminServer’s First P&C Client
  AXIS Capital subsidiary's AdminServer implementation includes an integrated broker portal for future online auto-rate and auto-bind business submission and tracking.
• RMS Unveils Account Fire Model
  Risk Management Solutions (RMS) has unveiled RMS Account Fire Model for commercial and specialty insurers and reinsurers.
• Enclarity Partners with Mitchell Medical
  Enclarity has partnered with Mitchell Medical to sell its ProviderPoint solution.
• Montpelier US Insurance Chooses Skywire
  Montpelier US Insurance Company (MUSIC) will use Skywire Software's iPPS as its policy production system.
• New York Life CEO Named
  New York Life's board of directors has named Ted Mathas to succeed Sy Sternberg as the carrier's CEO, effective July 1.
• Midwest Family Mutual Goes Green
  The carrier's green ambitions grew out of its IT successes, according to Boyd. "As we saw the effectiveness of our imaging and workflow in establishing a truly paperless environment, we started thinking about work-from-home [arrangements]. It became obvious that many of our jobs could be done wherever a high-speed connection existed," he relates.
• Novarica Survey Finds P&C Insurance CEOs’ Tech Knowledge Wanting
  Property/casualty CEOs in general fail to appreciate the technological sophistication of customers, and smaller P&C company CEOs are often unfamiliar with new technology areas, such as service-oriented architecture and Web 2.0.
• Gueli Drives New Level of Performance at Nationwide Financial
  CIO Susan Gueli's 2008 agenda includes making enhancements to an in-house developed life policy administration system in support of a robust new portfolio of life products rolling out throughout 2008.
• ChoicePoint Acquires Optimal Decision Group
  ChoicePoint has purchased Optimal Decision Group (ODG), an advanced analytics and software firm.
• IBHS Makes Board Officer Appointments
  State Farm VP for P&C underwriting Rod Matthews named chairman of the board, Farmers' EVP Kevin Kelso named vice chairman and chairman of the executive committee.
• Farmers’ Kelso Named Vice Chair Of IBHS
  Kevin Kelso, executive vice president, Farmers Group, has been named vice chairman of the board for the Institute for Business & Home Safety (IBHS).
• Accenture Releases Enhancements to Underwriting and Claims Solutions
  Accenture has introduced newly enhanced claims and underwriting solutions for P&C insurers.
• Pacific Blue Cross Selects Global IQX
  Health insurer seeks to streamline and enhance sales and service operations through leading quote and rating automation solution.
• State Farm’s Oakley Tackles Legacy
  Recently appointed State Farm CIO Mark Oakley will apply both business and technology experience to the carrier's legacy technology challenges and customer experience ambitions.
• Steve Miller Heads Encompass Insurance IT
  The newly named AVP in charge of technology at Allstate personal lines brand Encompass will focus on speedier and more intuitive systems for independent agents, brokers and other distribution channels.
• Medical Mutual of Ohio Acquires Benefit Services
  Addressing market changes driven by rising healthcare costs, Medical Mutual of Ohio has added the "boutique" capabilities of small group focused third-party administrator (TPA) Benefit Services, Inc., to the Cleveland-based carrier's own TPA offering.
• AIR and Xactware Introduce 360Value
  AIR Worldwide and Xactware have partnered to offer 360Value, a property valuation solution.
• GuideOne Chooses Policy Decisions
  GuideOne Insurance has selected Insurity's Policy Decisions admin system.
• Hartford Life Names Brian O’Connell CIO
  Former Accenture executive Brian O'Connell will drive technology integration across Hartford Life in support of greater efficiency and effectiveness, and to enable a cross-selling initiative with The Hartford Financial Services Group's property/casualty company.
• SPARTA Selects Insurity
  SPARTA Insurance Company has chosen Insurity's Policy Decisions commercial policy administration system.

David & Goliath, How Smaller Insurance Companies Can Win the Battle for Market Share
This paper provides executives of small to mid-sized Property and Casualty insurers with insights and suggestions for increasing market share in a business environment that is dominated by the large national and regional carriers. Key issues addressed include: market strategy, technology support, pricing, underwriting, service to agents and policyholders, company branding, and the value of partnering with an experienced technology provider.

Policy Administration Systems in China, 2006: Property/Casualty Solution Spectrum
As new companies mature, they may require more sophisticated systems.
The number of insurance companies in the China market has increased quickly. There are 23 new insurance companies that started operation in 2005. Nine of them are local property/casualty insurance companies, and one is an international P/C insurance company. In order to pass the China Insurance Regulatory Commission's starting operation inspection, these new companies must have installed a policy administration system. The vast majority of these companies have implemented local vendors' solutions in the last two years, for lower price and quicker implementation.
By Celent

Recorded Web Seminar: Creating a policy and rating platform for the 21st century
Many insurers are struggling to overcome the challenges and limitations of inflexible, complex legacy systems. To succeed in the new century, they'll need to take advantage of new technology. Explore how modern rating and policy solutions can improve efficiency, productivity — and your bottom line — through this informative recorded web seminar, brought to you by ISO-ITS and Bearing Point.

LOMA International Underwriting Congress
Evolving Risk Management: Yin & Yang
Pudong Shangri-La Shanghai Hotel
Shanghai, China
The LOMA International Underwriting Congress (IUC) offers the most comprehensive, multidisciplinary program covering issues that affect international life and health insurance risk selection and an exhibit hall featuring cutting-edge solutions and technologies.
March 18-21, 2007


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