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Insurance & Technology April 13, 2010 Anthony O'Donnell |
Newer Policy Administration Systems Ease Transformation of Smaller Insurers As the insurance industry prepares for the next growth phase, small and medium-size carriers are taking advantage of rules-based policy administration packages to transform their capabilities and stand up to larger competitors. |
Insurance & Technology August 7, 2008 Anthony O'Donnell |
Policy Admin System Replacement: Insurers Shift Focus From Systems to Functionalities Interboro Insurance Co.'s policy administration replacement initiative was in key respects a classic case. |
Insurance & Technology November 17, 2004 Anthony O'Donnell |
Terms of Replacement Legacy replacement can go quickly or slowly but, given what vendors can offer today, the case for moving to newer technology is more compelling than ever. |
Insurance & Technology November 1, 2006 Anthony O'Donnell |
The Future is Now Insurers see fewer reasons to continue to shoulder the inefficiencies of legacy systems. |
Insurance & Technology July 12, 2006 Anthony O'Donnell |
In With The New New offerings based on advanced technologies, as well as intensifying competitive pressures, make a strong argument for P&C legacy systems replacement. And while the case for life/health legacy replacement is not as strong, it is growing more persuasive with time. |
Insurance & Technology April 1, 2009 Anthony O'Donnell |
Despite Downturn, Insurers Remain Committed to Core Systems Evolution Despite the gloom that has consumed the financial services industry, most insurance companies remain bullish on technology investment and many are looking to build out policy admin capabilities to position themselves for growth |
Insurance & Technology September 25, 2009 Anthony O'Donnell |
Insurers Warm to Flexible Technology Architecture Changing customer and distributor demands, along with efficiency advantages, are driving adoption of flexible, service-based technology architecture at insurance carriers. |
Insurance & Technology September 16, 2005 Lisa Valentine |
From the Ground Up An Insurance company CIO uses restraint while building an entire technology infrastructure from scratch. |
Insurance & Technology March 31, 2009 Anthony O'Donnell |
CSC to Launch Java-based Version of its Exceed Policy Administration System Unitrin will be the first customer of Exceed J, which provides a path to new technology to current users of the tier-one P&C carrier policy admin system. |
Insurance & Technology September 15, 2009 Nathan Conz |
CSC Launches FS Mobile Solutions, Partners with Blackberry CSC has announced the launch of Financial Services Mobile Solutions, which includes mobile software applications, consulting and management services. |
Insurance & Technology April 13, 2010 Anthony O'Donnell |
Q&A With Mike Clifton, CIO, The Hanover: Combining Legacy and Modern Technology The Hanover CIO Mike Clifton relates how the Worcester, Mass.-based insurer successfully combines legacy and modern, rules-based technology to meet changing customer and distributor demands and exploit market opportunities. |
Insurance & Technology December 23, 2005 Anthony O'Donnell |
TMM/i-flex Deal Taps Partners Industry newcomer i-flex solutions signs its first insurance deal to deploy its Castek-centered policy administration platform. |
Insurance & Technology October 29, 2003 Greg MacSweeney |
What's your Legacy plan? One thing's for sure: A monolithic approach won't work. Depending on the particular application and platform, insurers' legacy replacement/enhancement strategies vary widely according to the project specifics. |
Insurance & Technology April 3, 2009 Anthony O'Donnell |
Indiana Farm Bureau Sees Java as a Bridge to New Policy Admin Technology Tough times have made aggressive pursuit of new technologies less of a focus, and have put a premium on vendor stability. |
Insurance & Technology October 12, 2009 Nathan Conz |
Having Stepped Up to CIO, Bob Casale Pushes Innovation at MassMutual MassMutual's Bob Casale, an Elite 8 honoree, has stepped into the CIO role and led the carrier into the next phase of its technology modernization initiative. |
Insurance & Technology April 6, 2006 Maria Woehr |
Hanover Goes Commercial In an effort to strengthen its commercial business, Worcester, Mass.-based The Hanover Insurance Group deployed OneShield's browser-based rating and policy administration platform, Dragon, for commercial package policies. |
Insurance & Technology December 6, 2007 Anthony O'Donnell |
Insurance Outsourcing Reaches New Levels of Maturity While many insurers are still struggling with the management of offshore resources, industry leaders are crafting long-term global sourcing strategies for strategic competitive advantage. |
Insurance & Technology April 6, 2006 Peggy Bresnick Kendler |
Strong Incentive Automated compensations systems offer a way to improve efficiency, streamline compliance and attract agents. But legacy environments sand in the way of flexible commissions processes. |
Insurance & Technology May 16, 2007 Susana Schwartz |
Drive For Automation Causes Insurance Carriers To Integrate The Internet has yielded more choices among comparative raters and aggregators, thus elevating agents to a more powerful position as the gatekeepers to multiple company ratings. |
Insurance & Technology August 12, 2009 Nathan Conz |
Modernized or Legacy, Carriers Seek To Maximize Claims Systems' ROI Though insurance companies have achieved varying degrees of modernization among their claims platforms, many are examining ways to leverage their current systems with the goal of improving the customer experience. |
Insurance & Technology September 5, 2006 Anthony O'Donnell |
Customer-Centric Cash Flow Insurers have continued to lag behind other industries in one of the most important contact points with customers: the exchange of funds. |
Insurance & Technology August 19, 2009 Anne Rawland Gabriel |
Hosted Policy Admin System MUSIC to Startup's Ears Startup Montpelier US Insurance achieves its ambitious launch goals by adopting OneShield's Dragon policy administration system. |
Insurance & Technology August 24, 2009 Nathan Conz |
CSC's Social Network Reaching Critical Mass CSC carrier clients are embracing WikonnecT, the vendor's business-to-business social network, as a way to collaborate with one another to solve IT issues. |
Insurance & Technology May 28, 2008 Nathan Conz |
MassMutual Looks to Modernize MassMutual's IT team has embarked on an ambitious modernization effort to ensure that it can support the business as it changes. |
Insurance & Technology August 25, 2004 Anthony O'Donnell |
Health Insurance Transformation In order to maintain its own fiscal health, the health insurance industry must build the technology and processes needed to meet consumerism's demands. |
Insurance & Technology May 3, 2006 Deena M. Amato-McCoy |
Service-Oriented Change Heterogeneous systems are at the core of many insurance carriers' IT infrastructures. Yet, companies still struggle with how to seamlessly integrate these often disparate systems across their enterprise. Now, a rapidly evolving architectural strategy is quickly changing the landscape. |
Insurance & Technology February 20, 2009 Nathan Conz |
MassMutual's Casale Transitions Into CIO Role MassMutual's Bob Casale details his transition into the carrier's CIO role, coinciding with the retirement of his predecessor, Mike Foley. |
Insurance & Technology April 20, 2005 Anthony O'Donnell |
Negotiating Success Bitter experience and restricted budgets have made insurance technology purchasers more disciplined, and a buyers' market has encouraged them to drive hard bargains. |
Insurance & Technology December 15, 2009 Anthony O'Donnell et al. |
4 Technology Solutions That Sizzle While insurers often are cautious in their adoption of emerging technologies, carriers are investing in four solutions -- cloud computing, mobile, analytics and social networking -- that are just too transformative to ignore. |
Insurance & Technology February 9, 2004 Greg MacSweeney |
2004 Top Insurance Business/Technology Issues This special report takes a look at some of the top business issues that insurance carriers will face this year and how technology can help make their challenges easier. |
Insurance & Technology July 30, 2010 Karlyn Carnahan |
The Claims Modernization Opportunity Currently available claims systems provide both the efficiency and service capabilities insurers need to make the business case for transformation. |
Insurance & Technology February 8, 2004 Jamie Bisker |
Core Systems: Journey to the Center of Insurance An analysis of the state of core systems, and how to create renewable systems, in the insurance industry |
Insurance & Technology April 15, 2009 Anthony O'Donnell |
Insurers Seek Fewer, Deeper Partnerships With Technology Vendors Carriers seeking operational efficiency and growth are willing to invest in IT, but CIOs are cutting costs where they can and leveraging vendor capabilities for customized innovation. |
Insurance & Technology January 5, 2007 Matthew Josefowicz |
Responding to a Changing Market: The Core Is Key Core systems replacement has been compared to open-heart surgery -- it is one of the most drastic changes that insurers can make to their IT infrastructures. |
Insurance & Technology January 25, 2005 |
Deja Vu All Over Again Many of the major areas of focus for senior insurance technology executives in the coming year will be familiar ones that have become even more pressing. Insurers will boost their offshore outsourcing activities and increasingly dip a toe into business process outsourcing (BPO). |
Insurance & Technology April 9, 2009 Anthony O'Donnell |
CSC Offers Global Conversion Service for Life, Annuity and Pension Carriers ConversionEdge packaged service provides access to multi-disciplinary teams experienced in all aspects of systems conversion and includes full-service conversion support from virtually any source system to any life insurance, annuity or pensions policy administration system, CSC claims. |
Insurance & Technology May 4, 2009 Anthony O'Donnell |
Economy Drives Exploration of New Outsourcing Opportunities Insurers are slightly more cautious about the financial, political and security risks of offshoring, but they are keen to find new BPO opportunities. |
Insurance & Technology July 12, 2006 Maria Woehr |
Digging for Dollars The insurance agent often is portrayed as going door to door with an oversized briefcase brimming with paper applications. While that might have been so in the 1950s, today, selling insurance means connecting with the customer, and it takes more than just a smile and a shoeshine. It takes knowledge. |
Insurance & Technology January 5, 2007 Paul McDonnell |
It's a 'Buy' World This is an exciting time in the insurance industry, with several factors leading carriers to make key technology decisions in 2007. Carriers choosing to implement new solutions should recognize the critical need for flexible integration architecture. |
Insurance & Technology April 8, 2010 Anne Rawland Gabriel |
Ohio Mutual Takes a Bite Out of Policy Admin Transformation After migrating to CSC's POINT IN platform, Ohio Mutual Insurance Group successfully presses the vendor for incremental releases to enable 'bite-size' modernization. |
Insurance & Technology June 1, 2006 |
July Techwatch Claims Settlement... Records Management... Risk Management... Instant Communication... Compliance... Policy Processing... etc. |
Insurance & Technology February 5, 2007 Anthony O'Donnell |
Consolidation Laggards European and Asian life insurers have an edge over North American companies in policy administration systems consolidation. |
Insurance & Technology September 5, 2006 Anthony O'Donnell |
Vendors' Hot Summer Summer traditionally is a slow season in the insurance industry. But insurance technology software vendor consolidation activity reached a fever in mid-August. |
Insurance & Technology July 25, 2005 Anthony O'Donnell |
I-Flex Fuels Castek Comeback The Castek/i-Flex approach is novel - it involves a known insurance vendor's attempt to reenter the industry and a major vendor's initial entry into the market. |
Insurance & Technology August 12, 2005 Anthony O'Donnell |
Ohio Mutual Claims Gains The regional P&C carrier reports significant gains in the wake of its implementation of CSC's POINT IN Policy Administration and Advanced Claims solution components. |
Insurance & Technology May 13, 2008 Katherine Burger |
Darwin Professional Underwriters Flourishes in Competitive Specialty Liability Segment With High-Tech, Low-Cost Strategy, Says President and CEO Stephen Sills Stephen Sills, president and CEO of specialty lines carrier Darwin Professional Underwriters, says that technology has been a cornerstone of his strategy from the beginning. |
Insurance & Technology November 7, 2008 Nathan Conz |
CSC's Java-based POINT IN Update Marks a New Beginning Moving to compete with new-technology systems vendors, CSC introduced a Java EE-compliant version of its POINT IN policy administration solution for P&C insurers. |
Insurance & Technology June 1, 2007 Nathan Conz |
Insurance Start-up PURE High Net Worth Chooses OneShield's Dragon Platform for Policy Administration Start-up insurer PURE, or Privilege Underwriters Reciprocal Exchange, is looking to streamline its IT-related responsibilities by leveraging vendor expertise and taking advantage of its lack of legacy systems and data. |
Insurance & Technology December 16, 2008 Anthony O'Donnell |
Priorities Will Shift, But Insurers' 2009 IT Spending Remains Healthy Given the ravages the financial crisis has wrought in the insurance industry, greater cost consciousness will return to insurance IT organizations. |
Insurance & Technology September 14, 2004 Anthony O'Donnell |
Mega-Deal a Bellwether? Seeking to transform itself into a nimble, line-of-business oriented enterprise, Zurich Financial Services has signed a major applications outsourcing agreement with CSC to support all of the carrier's lines of business. |