Policy Administration: Insurance & Technology Resource Center

Doug Walters, IDP

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

How Insurers Should Pick Business Rules Engines
Insurance firms are increasingly interested in automating business processes. To make this move, they'll need to choose between embedded and independent rules engines. The embedded engines that are included with applications like policy administration and claims processing are tightly integrated with these applications, cost less, and provide simpler development environments. Independent rules platforms, on the other hand, cost more, provide richer development tools, and are rapidly adding insurance-specific capabilities. During the next three years, we expect several of the independent platforms to match the ease of use and integration capabilities of the embedded engines. As a result, insurers should bias their near-term decision toward an embedded rules engine but make plans to move gradually toward enterprisewide deployment of independent platforms.
By Forrester

Moving Beyond Legacy Policy Administration Systems
Paul McDonnell, senior vice president, BearingPoint, discusses key considerations for insurance companies considering the replacement of their policy administration systems.

21st Century Property/Casualty Company
BearingPoint and ISO Insurance Technology Solutions believe a critical success factor for property/casualty companies in the new century will be the transformation of core policy administration systems and processes.

21st Century Life and Annuity Firm
BearingPoint and AdminServer, Inc., believe replacement of policy administration systems can be a catalyst for the transformation that L&A companies must undergo to thrive in the new century.