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 ....
Next-Generation Affinity Insurance Marketing via the Web
[ Source: IdeaStar, Inc. ]
September 2008-
The Affinity insurance distribution model illustrates the ways in which rather complex go-to-market systems can be simplified utilizing technology solutions and the Web. Moreover, Web-enabled technology solutions can be highly effective for the sale of insurance products and services to association members and affinity groups. The solution is robust. however, and requires a great deal of marketing savvy and technological capability. As with any affinity and member-driven organization, the goal is to provide valuable ....
Next Generation Datacenter Transformation Strategy
[ Source: Adaptivity Inc. ]
October 2008-
Today’s IT organizations face a dual challenge of "keeping the lights on" while providing "new services" at unprecedented rates with reduced investment support from the business. At the same time the very business model of IT is changing —how applications, content, information, and infrastructure are delivered.
These demands and changes must account for the fact that external facing customer experience and corporate branding, as well as internal operational systems, depends heavily ....
DR Capacity Harvesting Strategy
[ Source: Adaptivity Inc. ]
October 2008-
Every day IT is being challenged to do more with less. IT needs to eliminate waste wherever it is identified so precious resources can be invested into developing revenue streams and not merely supporting standard operations. To accomplish this, every ounce of compute power needs to be wrung from existing infrastructure. The largest area of untapped potential remains off limits for exploitation; the resources set aside for Disaster Recover (DR). Entire datacenters filled with ....
Virtual & Dynamic Infrastructure Strategy
[ Source: Adaptivity Inc. ]
October 2008-
The more tightly bound an application is to its underlying platform, the less capital efficiencies are realized. The IT waste associated with under utilized hardware resources has been clearly demonstrated, which in turn has spawned the creation of datacenter consolidation programs that devise ways to more tightly compress the application infrastructure footprint onto existing hardware resources. Breaking the bonds that tie an application to an instance of an operating system and tie an instance ....
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 ....
Enterprise Document Automation at Unum
[ Source: TechWeb ]
January 2009-
Automated document management provides benefits both to Unum and to its customers. For Unum, document management improves efficiency and for customers, document management makes it easier to do business with the insurer.
Insurance Self Service
[ Source: TechWeb ]
January 2009-
Insurers that are the easiest to do business with by providing robust self-service tools and real-time access will win the loyalty of both agents and consumers.
Leveraging the ACORD Capability Model
[ Source: TechWeb ]
January 2009-
BA Scott, AVP, New York Life; Deb Smallwood, co-founder, Smallwood Maike Associates; Frank Neugebauer, senior enterprise architect, ACORD; and Anthony ODonnell, Executive Editor, Insurance & Technology
Collaborate At The Speed Of Business
[ Source: TechWeb ]
January 2009-
Providing agents and claims adjusters with real-time access to self-service tools wherever they may be increases productivity, optimizes processes, saves time, and enables more accurate assessments.