PolicyWriter Overview: Changing the Economics of P&C Insurance Policy Administration
[ Source: Adaptik Corporation ]
May 2010-
The Adaptik Challenge: Your insurance product. Our software. Six weeks. See how quickly PolicyWriter can help your business thrive. PolicyWriter fundamentally changes the economics of P&C insurance policy administration. Our rapid implementation gives you unprecedented competitive advantage.
Taking Policy Administration System Transformation 'One Bite at a Time'
[ Source: Diamond Management & Technology Consultants ]
April 2008-
Most insurance carriers are placing policy administration system (PAS) transformation near the top of their to-do lists for the coming year, and many of these companies will expect a dramatic change in business results by moving PAS to the forefront of daily business operations. However, it is critical that carriers do not underestimate the operational challenges associated with replacing an existing PAS platform, because it will require changes to nearly every business process and technical ...
Reducing the Risk of Policy Administration System Migration
[ Source: Oracle ]
September 2010-
Migrating to a new policy administration system is a huge undertaking, one that an insurer may do once every 15 to 20 years. Such rarity entails risk – yet the potential rewards can be enormous. How an insurer mitigate the risk of such a big project? Read this case study to learn by example how to successfully migrate to a new policy administration system, and learn the critical role that a successful proof of concept played in doing ...
CSC's Java-based POINT IN J - End-to-End Policy Administration
[ Source: CSC ]
October 2008-
Long thought of as the 800 lb. gorilla in property and casualty insurance systems, CSC has demonstrated that it is a fast moving and agile 800 lb. gorilla. POINT IN J, introduced during Connect 2008, is CSC's Java-based end-to-end policy administration system that runs on Sun Microsystem’s Solaris operating system and Sun hardware. POINT IN J takes advantage of technologies not typically seen in the insurance industry and will appeal to both legacy insurers and new entrants ...
Modern Policy Administration Systems Require Modern Implementation Methodologies
[ Source: Camilion Solutions, Inc ]
December 2008-
The insurance industry is rife with anecdotes of late or failed implementations and millions of dollars lost in the process. In the Celent report "The 18 Month Rule: Avoiding The Endless Project" (Nov. 2006), it was noted that “between 30% and 80% of all large projects fail, with most estimates coming in on the higher side of this range.” But it doesn’t have to be this way –- implementations of modern policy admin systems can be successful.
Learn ...
Doing Away with Paper: Improving Underwriting Efficiencies for a Life Insurer
[ Source: Infosys ]
November 2010-
A leading life insurance provider sought a business transformation through paperless transactions. Infosys’ solution eliminated paper-related inefficiencies in the process and ensured it became faster and scalable. Our solution... improved money management, automated underwriting, automated requirements ordering and integrated case management. It helped the company reduce the operating cost for a ‘new business’ by 15%. In addition, the solution reduced cycle time by 10 days resulting in operational savings of US$ 3.2 million.