 Doug Walters, IDP This paper provides executives of small to mid-sized Property and Casualty insurers with insights and suggestions for increasing market share in a business environment that is dominated by the large national and regional carriers. Key issues addressed include: market strategy, technology support, pricing, underwriting, service to agents and policyholders, company branding, and the value of partnering with an experienced technology provider. Policy Administration Systems in China, 2006: Property/Casualty Solution Spectrum As new companies mature, they may require more sophisticated systems. The number of insurance companies in the China market has increased quickly. There are 23 new insurance companies that started operation in 2005. Nine of them are local property/casualty insurance companies, and one is an international P/C insurance company. In order to pass the China Insurance Regulatory Commission's starting operation inspection, these new companies must have installed a policy administration system. The vast majority of these companies have implemented local vendors' solutions in the last two years, for lower price and quicker implementation. By Celent How Insurers Should Pick Business Rules Engines Insurance firms are increasingly interested in automating business processes. To make this move, they'll need to choose between embedded and independent rules engines. The embedded engines that are included with applications like policy administration and claims processing are tightly integrated with these applications, cost less, and provide simpler development environments. Independent rules platforms, on the other hand, cost more, provide richer development tools, and are rapidly adding insurance-specific capabilities. During the next three years, we expect several of the independent platforms to match the ease of use and integration capabilities of the embedded engines. As a result, insurers should bias their near-term decision toward an embedded rules engine but make plans to move gradually toward enterprisewide deployment of independent platforms. By Forrester Moving Beyond Legacy Policy Administration Systems Paul McDonnell, senior vice president, BearingPoint, discusses key considerations for insurance companies considering the replacement of their policy administration systems. 21st Century Property/Casualty Company BearingPoint and ISO Insurance Technology Solutions believe a critical success factor for property/casualty companies in the new century will be the transformation of core policy administration systems and processes. 21st Century Life and Annuity Firm BearingPoint and AdminServer, Inc., believe replacement of policy administration systems can be a catalyst for the transformation that L&A companies must undergo to thrive in the new century. |
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Recorded Web Seminar: Creating a policy and rating platform for the 21st century
Many insurers are struggling to overcome the challenges and limitations of inflexible, complex legacy systems. To succeed in the new century, they'll need to take advantage of new technology. Explore how modern rating and policy solutions can improve efficiency, productivity — and your bottom line — through this informative recorded web seminar, brought to you by ISO-ITS and Bearing Point. LOMA International Underwriting Congress Evolving Risk Management: Yin & Yang Pudong Shangri-La Shanghai Hotel Shanghai, China The LOMA International Underwriting Congress (IUC) offers the most comprehensive, multidisciplinary program covering issues that affect international life and health insurance risk selection and an exhibit hall featuring cutting-edge solutions and technologies. March 18-21, 2007 ACORD/LOMA Insurance Systems Forum Identify, innovate, Inspire May 20-22, 2007 Lake Buena Vista, FL. 
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