AMERICAN NATIONAL SIMPLIFIES PRODUCT INTRODUCTION WITH CSC’S REAL-TIME SOFTWARE: Mid-Sized Life Insurer Consolidates Systems to Support Acquisitions and Growth [ Source: CSC ]
May 2009 - Once known as a home service company, American National has transitioned into a mid-sized multi-line carrier with an ever growing, complex line of life and annuity products, including a range of variable and indexed products. Over the years, American National has acquired a number of carriers, most of which were folded into the corporation through conversions of closed blocks. As the company evolved, developing innovative products while adhering to regulations and keeping costs down ....
Clearing the Policy Conversion Hurdle: Life Insurers Share Strategies for Moving Large Blocks to New Systems [ Source: CSC ]
April 2009 - Why do most life and annuity companies still maintain policy administration systems that are 20 to 30 years old? One of the biggest obstacles they face has very little to do with technology. It has more to do with the difficulty of converting large blocks of policies from the old system to the new one. Unlike property and casualty policies, which renew every six months to a year, life insurance policies can remain in ....
Saudi Hollandi Focuses on IT Infrastructure to Meet Growing Requirements (Case Study) [ Source: Axios Systems ]
April 2009 - As Saudi Hollandi Bank expanded, it became apparent that the existing IT infrastructure was not adequate to meet its growing requirements. The IT team then began to focus on the implications for both people and processes. SHB was keen not to approach the initiative from purely a technology perspective and was eager to truly follow ITIL best practice. It chose Axios due to the vendor’s consulting expertise and assyst, a single, unified, best-of-breed solution.
Using Content To Create a Better Customer Experience: HP Exstream Overview Flash [ Source: HP Exstream ]
April 2009 - Your business has made significant investments to manage and govern the vast amounts of content continually flowing in and out of your organization. The extent to which you can absorb, utilize, transform, and create value with that content will differentiate you among your competitors. Key to success is technology that allows you to easily access and use content to create a better experience for your customers, communicating with them more effectively and efficiently across all ....
Taking a Bite Out of Integration Costs with Software AG [ Source: Software AG ]
January 2009 - Apple decided to implement the webMethods Integration Platform to solve existing bottlenecks, and also serve as a platform for integrating new applications and services going forward. According to Dhinu, factors in favor of the webMethods technology were the adoption of industry-accepted standards and emerging Web services standards, and the platform’s demonstrated record for reliability, scalability and performance.
“New IT Directions for Insurance” A Webcast Featuring Kimberly Harris-Ferrante Vice President and Distinguished Analyst Sponsored by Oracle Insurance [ Source: Oracle Insurance ]
February 2009 - Current economic disruptions to the market are driving insurance companies to sharpen their focus to improve business efficiencies and remain competitive, while reducing costs and growing revenue. A critical success factor for insurers is simplifying their Information Technology infrastructure to improve information access and transaction processing. Insurance companies are increasingly turning to megavendors―enterprise solution providers who can support their entire operation with complete, open and integrated solutions – from technology to best-of-breed applications. The result ....
IT in the Financial Sector: Thriving in a Challenging Economy [ Source: Quest Software, Inc. ]
December 2008 - Today’s financial sector landscape is changing fast, and technology executives are asked to keep up with changing business needs. In a challenging economy, IT staff must integrate diverse technologies from consolidated institutions, solve compliance issues, and somehow figure out a way to do it under budget with less staff. In this new white paper, learn how maximizing efficiency in IT enables financial institutions to do more with less. With today’s mounting ....
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 ....
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 ....
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.
Becoming a Customer-Focused Business--One Policy at a Time [ Source: Diamond Management & Technology Consultants ]
July 2008 - This white paper defines and provides concrete examples of how customer data integration (CDI) can either save or generate millions of dollars for the insurance industry in product design and service, marketing and sales, customer service and claims and fraud detection and compliance. These are the “bedrock” areas of the industry yet carriers still shy away from technology investments that create a customer-centric, integrated repository of data. This paper also delves into why CDI ....
Southern Farm Bureau Casualty Improves Services, Management Information with CSC’s Exceed [ Source: CSC ]
March 2005 - Southern Farm Bureau Casualty Insurance Co., a $2.1 billion multi-line property and casualty carrier, was looking for ways to give agents, and ultimately policyholders, immediate access to its insurance services. The Mississippi-based carrier doing business in seven states faced a challenging technical problem. Information on more than 3.1 million policies was stored in separate systems, driving up IT costs for a variety of tasks, such as management reporting and regulatory compliance, and making them difficult ....
Predica Supports High-End Products and Merger with CSC's GraphTalk A.I.A Administration System [ Source: CSC ]
November 2006 - Following the merger of Crédit Agricole with another large bank, LCL, Predica merged with LCL’s Union des Assurances Fédérales (UAF). Both insurance companies had selected GraphTalk A.I.A as their strategic product, and they talked to CSC about consolidating on a single platform. The challenge was to support the merger of two major French banks by consolidating their insurance operations -- and introducing new high-end products. The firm was able to rapidly move more than ....
PartnerRe Uses SICS/nt to Improve Operational Efficiency and Implement a Common Global Reinsurance System [ Source: CSC ]
March 2008 - As a result of a major global expansion of its business through acquisition, reinsurance specialist PartnerRe needed to consolidate and optimize the administration of its worldwide reinsurance operations — moving to a single network, a common IT infrastructure, and one set of business applications and processes throughout the company. It also needed to improve the accessibility of management information to enable more effective risk assessment.
Hitachi Capital Insurance Launches New System in Record Time [ Source: CSC ]
March 2005 - In April 2004, Hitachi Capital Corp. (HC) took over UNUM Japan to form Hitachi Capital Insurance Corp. (HCI). Just eight months prior to the takeover, HC had no software application to support the sale of its new fire insurance product for homeowners. Implement a customized fire insurance system to support the launch of a new insurance subsidiary. HCI implemented CSC's POLISY/J, a Japanese version of CSC's popular POLISY/400, a system that fully integrates back-office processing ....
Finaref Selects CSC's GraphTalk A.I.A Administration System to Support Insurance Business Growth Strategy [ Source: CSC ]
March 2008 - Finaref, the former financial services arm of Pinault-Printemps-Redoute (PPR), decided to increase its insurance offering, and its growth strategy included implementing an administration system for new insurance business and for the existing contracts which were previously managed for Finaref by a partner insurance company. Facing the need for a replacement system within 15 months, to handle both life and accident, and creditor insurance, Finaref wanted a service provider with high-performance software and in-depth insurance expertise. ....
Aviva France Integrates Data, Provides Solid Base for Business Growth with GraphTalk A.I.A [ Source: CSC ]
March 2008 - For Aviva France, part of the world's seventh largest insurance group, a series of formative mergers presented practical problems of integrating disparate policy administration systems on an efficient and cost-effective platform with capacity for future business growth. CSC's GraphTalk A.I.A. enabled Aviva to see its batch-processing times drop by 40 percent to 60 percent and benchmarking proved the system could handle 1.5 million highly complicated contracts.
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 ....
Leading Insurance Provider Reduces Business Risk Through Application Modernization [ Source: Virtusa Corporation ]
July 2006 - Virtusa helped our client migrate disparate applications and peripheral systems to the latest versions and streamlined complex applications.
View content by section:
- Application Development (32)
- Green Computing (11)
- Legacy (15)
- SOA (22)
- Standards (5)
- Systems Integration (19)
- Telecommunications (15)
- Wireless (10)
More Architecture/Infrastructure Resources
More On Architecture/Infrastructure
- News
- |
- Windows
- |
- Security
- |
- Outsourcing
- |
- Internet
- |
- Software
- |
- Hardware
- |
- Management
- |
- Research & Tools
- |
- Industries
- |
- Careers
|
|
InformationWeek Business Technology Network
|
 |
|
TechWeb
Events Network |
|