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Facing Non-Traditional Rivals
Organizations that boast real-time technology, consolidated information, trusted advisors and strong brands pose the biggest competitive challenge to insurers.
STORAGE EXPLOSION
E-commerce and everything digital places huge demands for storage capacity on insurers
DemutualizationCan't Do It Alone
Updating and modifying financial reporting systems requires significant manpower and time investments, from inside and outside the insurance company.
Nationwide Names Former Bank One CIO Keller EVP/CIO
In an effort to strengthen its position in the market and citing technology
as critical to its competitive position in the marketplace, Nationwide has
named former Bank One CIO Michael Keller as EVP/CIO.
ACORD and WISe Combine Global Standards
ACORD and WISe confirmed they are merging their standards-development
activities. Integration of standards development activities is expected
to begin July 1.
CRM Briefs
Financial institutions are seeking ways to reduce the costs of conducting
business over the telephone channel, according to a Meridien Research
report; Siebel Systems and Noetix agree to develop Noetix's data integration software product to support Siebel's e-business applications; Perseus Development Corp. announces the release of SurveySolutions Enterprise Portal
for integration with CRM applications using Oracle, SQLServer, DB2 and other SQL databases.
BCBSLA Taps SeeBeyond To Prepare for HIPAA
In preparation for pending HIPAA regulations, the Louisiana Blue chooses SeeBeyond's eBI Suite to link its disparate systems and provide for a HIPAA-compliant data transfer.
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