Insurers Gain New Insights with Integrated Process and Content Management [ Source: Perceptive Software ]

July 2012- Most insurance companies realize that their IT infrastructure is one of their most valuable assets. The question is: How can they leverage these systems to improve how they acquire and retain customers, manage risk, attain regulatory compliance and optimize business processes?

The answer is to invest in technologies, such as enterprise content management (ECM), business process management (BPM), business intelligence (BI) platforms and analytical tools.

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:

• Process Innovation
• Operational intelligence
• System modernization
• Multisourcing

See what CSC has seen work in the insurance industry, and draw on the authors' real-world experience, as well as customer insights.

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.

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.

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 ...

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 ...

Innovation in the Insurance Industry – Leveraging Communication Technology [ Source: Wipro Technologies ]

May 2009- Innovation is about implementing new solutions using old or new tools. Internet and mobile are emerging as the new channels of communications with multiple stakeholders through different touch points such as mobile apps, social networking, blogs and wikis. This article explores how these technology touch points can be leveraged by insurance companies to innovate tools of communications with different stakeholders -- internal and external.

AMERICAN NATIONAL SIMPLIFIES PRODUCT INTRODUCTION WITH CSC'S REAL-TIME SOFTWARE: Mid-Sized Life Insurer Consolidates Systems to Support Acquisitions and Growth [ Source: CSC ]

May 2009- Once known as a home service company, American National has transitioned into a mid-sized multi-line carrier with an ever growing, complex line of life and annuity products, including a range of variable and indexed products. Over the years, American National has acquired a number of carriers, most of which were folded into the corporation through conversions of closed blocks. As the company evolved, developing innovative products while adhering to regulations and keeping costs down became ...

Standard Bank Seeks to Reap Benefits of Integrated Asset Management (Case Study) [ Source: Axios Systems ]

October 2006- The IT team at Standard Bank was concerned about a lack of asset information in the organization, due to the rapid growth and expansion of the bank. They wanted to know exactly what hardware had been bought and what software was installed on this throughout the company. Realizing the benefits that integrated asset management would bring, they looked for the optimum way of achieving this. Altiris was already used as the internal software deployment tool, ...

HP Exstream for Insurance: The Enterprise Document Automation Software of Choice [ Source: HP Exstream ]

April 2009- Learn how HP Exstream is becoming the enterprise document automation software of choice for insurance carriers. Gain insights into how HP Exstream solutions significantly reduce costs and enhance the customer experience with a single software solution for policies, bills, statements, correspondence and more.

BPM Done Right: 15 Ways to Succeed Where Others Have Failed [ Source: Software AG ]

March 2008- The rates of adoption of business process management (BPM) technology are increasing dramatically, and with them, the stories of missed expectations and wasted investment also are on the rise. BPM’s promises are real, but the path to success is littered with pitfalls and shortcuts to failure. Best practices can help you avoid them. The good news is that BPM has now reached a stage of maturity that ensures that customers who are just embarking ...

Taking a Bite Out of Integration Costs with Software AG [ Source: Software AG ]

January 2009- Apple decided to implement the webMethods Integration Platform to solve existing bottlenecks, and also serve as a platform for integrating new applications and services going forward. According to Dhinu, factors in favor of the webMethods technology were the adoption of industry-accepted standards and emerging Web services standards, and the platform’s demonstrated record for reliability, scalability and performance.

TD Bank Advances Environmental Agenda [ Source: TechWeb ]

February 2009- Mike Pederson, Group Head, Corporate Operations for TD Bank is tasked with advancing the bank?s environmental agenda.