Achieving Measurable Gains by Automating Claims Processing [ Source: Kofax ]
December 2011- For nearly all lines of personal and commercial insurance, reducing the cost of claims processing is key to profitability. Reducing cycle time, the elapsed time from opening a claim to its settlement, is key to customer satisfaction. Moving to a fully automated process is a goal for claims processing of nearly all insurance executives. Companies are at various levels of automation and often do not have an appropriate strategy to achieve higher levels of automation. <...

The value of training the IT organization [ Source: HP ]
October 2012- CIOs and IT managers routinely monitor and justify every investment they make. And they must make every effort to ensure each project succeeds and produces business benefits no matter how complex the deployment. During challenging economic periods when pressure increases to produce more with less, IT managers may see training programs as a place to cut costs. But cutting training will backfire.

IDC research shows an undeniably tight link between training, team skill, ...

Achieving Measurable Gains by Automating Claims Processing [ Source: Kofax ]
December 2011- For nearly all lines of personal and commercial insurance, reducing the cost of claims processing is key to profitability. Reducing cycle time, the elapsed time from opening a claim to its settlement, is key to customer satisfaction. Moving to a fully automated process is a goal for claims processing of nearly all insurance executives. Companies are at various levels of automation and often do not have an appropriate strategy to achieve higher levels of automation. <...

P&C Industry - Technology Strategy after Financial Crisis [ Source: Mahindra Satyam ]
March 2010- As the year 2009 ended, the dust from the worst financial crisis since the Great Depression has begun to settle. The depth and breadth of damage suffered by the U.S. and global economies is becoming apparent. From the P&C perspective, insurers saw their net income plummet and the net premium written trend also lowered. Insurers hoping for a resurgence of hard market in the 2nd half of 2009 realized that this was just wishful thinking. ...

5 Steps to Cost Cutting for Insurers: What You Don't Know Will Hurt You [ Source: CSC ]
April 2009- It’s been in the headlines for months now—companies in general and financial service providers in particular have moved almost overnight from surplus assets to survival mode. And while insurers are arguably better off than other financial sectors, the industry certainly has not been immune to the financial meltdown. Cost control is certainly a priority for all companies, how can you sensibly control expense now and stay on track with your long-term goals? Download ...