Content tagged with Management Strategies posted in June 2002
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Innovators Award Goes to Aon
Virtual risk manager builds market share in high-tech sector.
Clarica/Sun Life Distribution Focus
Canada's largest insurance company expects to shift to a captive agent model, and is taking the plunge into IT outsourcing, as well.
USA PATRIOT Act Compliance Presents Numerous Challenges
Although insurance companies have temporarily been exempted from the
original USA PATRIOT Act compliance date for establishing anti-money
laundering programs, there are numerous hurdles carriers can expect
to face as they begin handling anti-money laundering issues.
Insurance Industry May Drive Bank Security Policies
In terms of information security policies, insurance companies could start to exert more pressure on their counterparts in other financial services segments, observers predict.
News Briefs
--> Clare DeNicola will oversee IVANS' newly created Networking Solutions Division as senior vice president, network solutions and sales.
--> RiskClick appoints Harvey Rand vice president of sales. --> Longtime insurance technology executive Bob Nelson of Pinkerton Computer Consultants passed away June 1. --> Lloyd's of London announces Lord Levene of Portsoken will be the next chairman of the market.
CRM Briefs
--> Pacific Life Insurance released its products on LifeLink's WinFlex illustration system.
--> Mutual of Omaha affiliate Omaha Property and Casualty releases Flood Automated Policy Processing System (FloodAPPS). --> Thazar Solutions introduces Reportal, a management information reporting system. --> The Chubb Group of Insurance Companies enhances RMIS Dimensions, its Internet-based risk management information system.
AON'S WIRED FOR GROWTH(tm) WINS FIRST INSURANCE INNOVATORS AWARD
Reflecting the drive to find cheaper alternatives to traditional IT activities, Farmers Insurance Group is expanding its successful offshore outsourcing program and has signed a contract with Cognizant Technology Solutions Corp.
XML INITIATIVES NOT SIMPLE, BUT NECESSARY
Data standardization through use of ACORD XML is "not simple and it's not cheap," agree panelists during a session on "Data Standards: An Industry Update," which took place at IASA's Annual Conference & Business Show.
IASA NEWS BRIEFS
--> Insurance Data Processing (IDP, Wyncote, PA)
introduces SURE, a client-configurable intelligent underwriting system. --> WorldGroup Consulting launches addition to its WG Worx family of products, WG InsureWorx, a J2EE-compliant component library. --> Hyland Software partners with Open Scan Technologies to create an insurance industry solution for processing new business and commercial premium payments. |
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