Accenture Acquires NaviSys
The vendor consolidation trend heated up a few more degree with Accenture's announcement that it will acquire NaviSys
Vendor Consolidation Heats Up
A predicted wave of insurance technology vendor consolidation manifested itself on an impressive scale over the last week or so with the announcement of several deals.
The ability to deploy limited technology resources effectively can create a competitive advantage for insurers. But what's the best way to measure deployment results?
Harleysville Insurance collaborates with its agents on IT projects to break away from the competition.
McClintock Makes Music
It is not unusual to see the metaphor of orchestration applied to a project that was well run, or to see an effective leader likened to an orchestra's conductor.
Jackson Drives Strategy
Since he arrived at Triad Guaranty Insurance (Winston-Salem, N.C.), a subsidiary of Triad Guaranty ($57 million in 2005 net income), George Jackson has spent more than eight years building state-of-the-art technology for the firm.
Frankfort, Ky.-based Investors Heritage ($433 million in total assets) has joined three other unnamed carriers in issuing life insurance policies under CrailHuntly's (Overland Park, Kan.) Combosurance package -- Basic Permanent.
Responding to growing pressure on insurers to comply with federal regulations such as Sarbanes-Oxley, the Gramm-Leach-Bliley Act, the Federal Information Act and HIPAA, ControlPath (Englewood, Colo.) launched ControlPath Compliance Suite 3.0.
Fitch Ratings (New York and London) unveiled Prism, a global economic insurance capital model that will be added to its evaluations of carriers' enterprise risk management.
Fiserv Insurance Solutions (Brookfield, Wis.) and Scene Genesis (Rochester, N.Y.) will integrate their claims solutions -- Fiserv's Claims Workstation system and Scene Genesis' Scene Access and SceneConnect -- to streamline P&C claims settlements.
Enhancing the Enterprise
Insurers are rethinking ECM strategies to benefit the entire enterprise rather than business silos, resulting in customer service, productivity and compliance improvements.
The Road to Security
As business technology evolves, so do the threats it faces. While financial services firms tend to do a very good job of protecting information, frequent, high-profile data breaches show that the work is never done.
Taming Paper Tigers
With Software AG's BPM product suite, American Community Mutual Insurance Co. automates its new-business underwriting process.
BCBSTX's focus on repeatable process and a standardized platform will benefit rollout of latest contact center.
Quebec-based insurer will migrate 80 percent of its applications and data onto a modern Oracle/Unix platform by 2008.
Insurity Enhances Its Range
The addition of ePolicy's Java-based offering gives Insurity a full menu to answer the policy admin needs of commercial insurers.
Citing significant IT modifications and investment, health insurers request a deadline extension for bill requiring upgrade of HIPAA codes.
Murphy’s Law Lives!
Real estate, and consequently PARKING SPACE, is at a premium in Hoboken, the northern New Jersey town where I live.
MetLife Auto & Home Taps Xactware
In an effort to speed claims turnaround MetLife Auto & Home has chosen Xactware's Xactimate and XactAnalysis estimation software to simplify communication between the carrier's field staff and claims office.