Laying a Technology Foundation
MetLife's Steve Sheinheit has been driving infrastructure consolidation for Met's five lines of business, as well as roll-out of Web-enabled capabilities.
More Reporting, Fewer Reports
Web-based tool from Actuate Corporation simplifies financial and expense reporting through customization and "parameterizing" of features.
Eautoclaims launched a car rental procurement offering, EjusterSuite; XL Re Ltd., XL Re Latin America LTD, Le Mans Re and XL Reinsurance America, Inc., launched their new joint Web site; Manulife USA has launched new Web site services...
Up Close & Personal
This month's editorial "Up Close and Personal", by Katherine Burger, Editorial Director.
Ready for the USA PATRIOT Act?
Insurers must begin working immediately, in terms of policies, controls and systems implementations, to meet the compliance deadline.
Prudential Financial takes a decentralized view of the individual life insurance business.
Is Customer Access Worth the Trip?
Bridging the gap between insurers and their customers doesn't always require bleeding-edge technology. More often than not, today's innovative and successful contact centers depend on tried-and-true solutions.
This month's hot product is Duck Creek Technologies' Example Express.
I&T asked Lisa Napolitan, assistant VP, e-commerce initiatives at Hartford Financial Products to name some of her favorite websites...
Alliances and Partnerships
Fujitsu Consulting and Intel have jointly developed a business collaboration and process automation solution; Pivot/Info-One entered into a strategic agreement with VirtualBank; BISYS purchased Harrison James Group...
American Strategic Insurance awarded a contract to Resonate Inc.; Ohio National Financial Services, Inc., has chosen AnnuityNet, Inc.; Tantia Technologies has been awarded a contract by the Blue Cross and Blue Shield Association...
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.
Delivery Strategies Briefs
--> Baltimore Life selects NaviSys Front Office suite to accelerate the sales cycle and improve productivity.
--> AIG Life of Bermuda deploys iManage WorkSite to securely manage documents, as well as facilitate collaboration among its offices and distributors.
--> New York Life implements new software from Autonomy that will gather, retrieve and connect information on the company's Web site.
--> Jacada's Integrator is selected by AdminaStar Federal to provide legacy connectivity for the Centers for Medicare and Medicaid Services.
--> Farmers Insurance implements EasyLink's Production Messaging Service.
--> Onyx releases version 4.0 of its CRM suite, which is designed to support the Oracle database.
Guardian Selects iAnywhere for Wireless
Ardor for implementing wireless applications may have cooled in some quarters, but not at Guardian Life Insurance Co., which has selected Sybase subsidiary iAnywhere Solutions as the strategic vendor for its wireless agent automation initiative.
Delivery Strategies Briefs
--> BISYS releases producercontracting.com to automate contractual agreements with producers.
--> National Life Assurance of Canada launches online service for brokers to submit and process universal life insurance applications.
--> eReinsure.com passes the 5,000 mark for number of reinsurance submissions presented on its online negotiation platform.
--> 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.
--> 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.
PDA SOFTWARE IN NEW HANDS
PDA Software Services anticipates new growth opportunities as a result of its sale by Selective Insurance Group to Covansys Corp. for approximately $16.5 million. The deal was announced during this week's IASA Annual Conference & Business Show in San Francisco.
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
--> 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