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. ....
Decision Management for Insurance: Revenue-Generating Decisions Begin at the Point of Sale
[ Source: FICO ]
January 2009-
A new generation of technology solution—Decision Management—is bringing revenue-generating decisions to the point of sale with precision pricing and straight-through processing.
In this white paper, you'll learn how Decision Management can deliver deeper insights into risk exposure, enabling you to expand risk tiers, assign more accurate pricing and rapidly bring innovative products to new markets. You’ll also see how Decision Management can help you contain costs by allowing business users to implement business rule ....
Smarter Underwriting: New Strategies for Cost Control and Pricing Precision Using Decision Management
[ Source: FICO ]
January 2009-
Today insurance carriers are extending the efficiencies achieved through back office automation to point-of-sale (POS) decision making across all channels, including self-service websites, in-house sales and agent/distributor networks. New Decision Management solutions not only facilitate straight-through-processing, by improving the quality of inbound data, they also increase the accuracy, objectivity and consistency of underwriting and application decisions, even when business volume is rising rapidly. In addition, by providing deeper insights into loss risk, Decision Management enables ....
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.
Combating Insurance Claims Fraud
[ Source: SAS ]
April 2008-
This white paper discusses how insurers can take measures to recognize and reduce opportunistic and organized claims fraud. It's purpose it to explain why insurers need more than traditional methods and systems if they expect to manage todays new breed of fraudster and reverse the growing fraud trend.
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.
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.