10 Things Most Vendors Won't Tell You About Modernization
[ Source: CSC ]
January 2012-
Most insurance carriers are facing the same challenge: aging, complex IT systems that are costly to maintain and too inflexible to support new business initiatives. But how can large organizations with major legacy baggage effectively assess all challenges and all options to develop a crystal clear modernization approach?<br><br>
Read this paper to learn 10 different approaches that IT organizations can use individually or in various combinations to achieve their modernization ...
Building Effective Business and IT Operations in a New Economy
[ Source: CSC ]
January 2012-
New modernization opportunities can help insurers cost-effectively transform existing technology and reduce operational costs with minimal risk. Read about four key modernization strategies that will help you retain business, grow market share and improve profitability: <br><br>
• Process Innovation<br>
• Operational intelligence<br>
• System modernization<br>
• Multisourcing<br><br>
See what CSC has seen work in the insurance industry, and draw ...
Finding Solutions for Today's Challenges in the Insurance Industry
[ Source: IBM ]
May 2011-
All insurance companies are currently focused on similar issues: keeping up with customer demands, finding the right resources, and managing changes in compliance. Information and well-designed and integrated business processes are crucial to thrive in today's insurance industry.<br><br>
This analyst white paper outlines the benefits possible for insurance companies in using IBM's System z platform and application software.
Modernizing Insurance Legacy Systems for a Leading Provider of Annuity Products
[ Source: Infosys ]
November 2010-
The annuity division of one of the world's largest service companies wanted to improve customer service. Infosys partnered with the client to address the client's business goals. The Infosys team created a technology architecture... blueprint and improved process rigor, project management, quality focus and metrics tracking to enhance the effectiveness of delivery. Our solution enabled the client to improve customer satisfaction, accelerate time-to-market and enhance IT operational efficiency.
Insurance Modernization
[ Source: Infosys ]
November 2010-
Our Insurance solution provides a comprehensive set of business and technology components to improve modernization planning and design, make a more robust case for change, increase the efficacy of the transition and optimize business value derived from modernization.
Next Generation Insurance Practice
[ Source: Infosys ]
November 2010-
Infosys' Insurance Practice is enabling the creation of the Next Generation Insurance carrier through the use of technology in understanding the new customer, cocreating / innovative products that are aligned to market needs and expectations, targeting markets to optimize reach and conversion, ensure effective distribution and policy management and enabling the next generation service models to cater to the customer.
Desktop Virtualization Boosts Profits for Insurers
[ Source: Citrix ]
September 2010-
Desktop virtualization is the next technology that significantly reduces the total cost of ownership for any organization’s computer platforms. For the insurance industry, desktop virtualization provides added strategic agility. Discover how desktop virtualization helps insurers better support their agents, be more prepared for mergers and acquisitions, and simplifies regional compliance requirements.
Automating Wrap-Up Application for a Leading Insurer
[ Source: Wipro Technologies ]
April 2010-
The client wanted to automate its Wrap-Up system to reduce cycle time & associated costs and be competitive within the industry.
Wrap-Ups are widely used as a risk management technique by allowing coverage for multiple insureds to be wrapped up into one consolidated program.
Solution:
Wipro worked with the client to develop a framework that would generate details of the construction costs and then provide an analysis to the Wrap-Up team.
A proof of concept was ...
Back Office Transformation for a Large Commercial Property-Casualty Insurance Provider
[ Source: Wipro Technologies ]
April 2010-
The client wanted to:
Replace and enhance its existing enterprise wide data warehouse environment in order to address specific risks related to the existing back office processes. This would reduce the total cost of ownership of various back office applications and provide a robust platform for launching future Business Intelligence capabilities.
Achieve substantial flexibility.
Solution:
Wipro worked to deliver the following key objectives:
•Implemented an enterprise data warehouse based on IBM Insurance Information Warehouse (IIW) ...
Web-Based Surety Solution for Increased Speed to Market
[ Source: Wipro Technologies ]
April 2010-
In the construction side of the client's surety operations, certain day-to-day bond execution services were performed manually over phone or fax. This led to increased time to market. Another issue was that different client location teams used different ad hoc systems to cater to their surety operations.
More future business meant eliminating these inefficiencies and establishing a standardized system across all its locations. The client needed to consolidate and automate its surety program.
Solution:
Wipro ...