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 ....
Buckeye Insurance Group Achieves Growth and Expense Objectives with New Administration System
[ Source: Insuresoft ]
June 2008-
The experience of Buckeye Insurance Group shows how replacing a legacy policy administration system with a single solution vendor, capable of cost-effective end-to-end application maintenance outsourcing, can support achievement of growth and expense business objectives. Successful utilization requires a vendor with solid base functionality and robust architecture and a client company with strong corporate commitment to using the system as designed and migrating to new versions as the system evolves.
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.
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 ....
Authority Suite Brochure: The Next-Generation Policy Administration System for Property and Casualty Insurers
[ Source: Camilion Solutions, Inc ]
April 2008-
With its superior architecture and modern technology platform, Authority Suite® is a next-generation Policy Administration System for Property and Casualty insurers. Authority Suite helps insurers accelerate the development of better products, optimize underwriting efficiency and write more, profitable business.
Authority Suite supports the entire policy lifecycle including application data capture, qualification, rating, quote management, bind, issuance and post-bind – not just pricing and calculations. Authority Suite's consolidated underwriting workstation ....
Insurance Landscape
[ Source: i-flex Solutions ]
April 2008-
Analyst on Insurance Landscape. Explains how Insurers are investing in core processing systems, choices available in the market, and how technology is impacting the global insurance landscape and why
carriers are re-orienting their core processing trajectories.
Get Ready for Success: 7 Ways Automation Improves Underwriter Efficiency and Customer Service
[ Source: Optical Image Technology ]
March 2008-
Underwriting today is all about efficiency and service. Managerial expectations dictate the need to process more work, faster, often with fewer human resources, and as cost-effectively as possible. Understanding customer demands, and knowing the details of your routine business processes, records retention demands, and other legal requirements is vital to the smooth running of an underwriting department. This article explains seven ways you can tap into digital capture, storage, and process automation to maximize the ....