Policy Administration: Managing Distribution and Portfolio Shift in Turbulent Times
[ Source: Oracle Insurance ]
May 2009-
Recent market events have highlighted that the insurance industry must always be prepared for shifts in business climate. Yet in these cost-conscious times, many insurers are reluctant to invest in the systems that will support rapid changes in strategy and direction. How can you contain costs while still achieving the business agility that is critical to survival in today’s market?
Learn how a completely Web-based, rules-driven policy administration system can help you:
....
The Case for a Stand-Alone Rating Engine -- An Oracle Insurance Brief
[ Source: Oracle Insurance ]
April 2009-
In the current economic climate, insurers are looking for ways to expand their distribution and sales channels, while still keeping their costs down. How can you accomplish both? A Web-based, stand-alone rating engine can give you the scalability you need to expand and grow, while providing the online rating capabilities your agents demand. What's more, de-coupling rating from your policy administration system, and consolidating multiple rating engines, reduces IT costs and duplication of effort. ....
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 ....
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 ....
Bankers Insurance Improves Disaster Recovery and Gains Efficiency by Replacing Paper Documents with Electronic Versions
[ Source: Perceptive Software ]
January 2007-
With headquarters in Florida, Bankers Insurance Group is in an area prone to hurricanes and flooding. Company administrators decided that paper records were too vulnerable, and opted to replace them with electronic versions managed in ImageNow. ImageNow supports Bankers’ disaster recovery plan by securely storing all documentation related to any claim or policy on the ImageNow server. WebNow, the browser-based complement to ImageNow, extends ImageNow functionality to any location and ensures documents are ....
New Policy Admin System Shines Bright for Buckeye Insurance
[ Source: Insuresoft ]
June 2006-
Buckeye Insurance Group had spent 20 years enhancing its legacy system, and its problems and limitations were becoming obvious. Staffing (and turnover) was becoming a major issue. In September 2000, Buckeye went live with Insuresoft's Diamond 4.0. Within six months, data conversion for the personal-auto line was complete, and 10,000 policies were in the system.
Cincinnati Financial Rolls Out Automated Policy Issuance with Insuresoft's Diamond System
[ Source: Insuresoft ]
September 2006-
When The Cincinnati Insurance Companies needed to automate their personal lines policy issuance process, they chose Insuresoft’s Diamond System built on Microsoft architecture. It allowed the Ohio-based regional insurer to create a system around the entire policy administration life cycle from point of sale to billing to back-office processing. Cincinnati Insurance reviewed personal lines offerings from several vendors before selecting Insuresoft, based in University Park, Ill. Cincinnati’s developers added company and state-specific underwriting rules, ....
Insuresoft User Group Meeting - A Unique Tradition for Policy Administration Systems
[ Source: Insuresoft ]
June 2006-
Insuresoft’s User Group tradition began in 1997, initiated by a group of Diamond System users looking for an avenue to discuss their software needs and recommend areas for improvement and enhancement. Since then, the User Group has grown in size and the purpose has evolved. Today, the User Group is a full two and a half day event focused on future Insuresoft developments and sharing progressive ideas between industry professionals.
Cincinnati Equitable Insurance Company - Improved Service Through Insuresoft Real-Time Technology
[ Source: Insuresoft ]
January 2007-
For 12 years Insuresoft and Cincinnati Equitable have worked together, expanded together,
and improved together. Insuresoft provided more than just a policy administration product solution -- Insuresoft delivered a full-service team. To Insuresoft, Cincinnati Equitable is not a customer, but rather a business partner. Through their partnership, both companies have achieved a high level of success, and will continue to do so in the future.
Nevada General Insurance Company & The Diamond Data Warehouse from Insuresoft
[ Source: Insuresoft ]
May 2008-
Managing data became an integral part of why Nevada General Insurance Co. (NGIC) selected The Diamond System from Insuresoft as their policy processing insurance software system. Not only would Diamond help process NGIC’s policies, handle claims, billing and rating, but Diamond also provided NGIC with a central repository for data that would house past and future transactions in one area – The Diamond Data Warehouse.