Gaining the Data Advantage
What does it take to be an effective competitor? More and more, the ability to organize, analyze and use data is the differentiator in the insurance industry.
Sometimes Good Is Good Enough
Though design is important, with ever-decreasing cost of storage and increasing processor speeds it can make more sense to be less storage efficient if query efficiency is not compromised and the availability of the BI tools to the business can be expedited.
Web Services: Ready, Set, Implement
Web services are a practical reality, spreading more each day. Through XML and the Internet, companies can now provide services and applications over the Web in a plug and play, distributed environment.
Cornelio’s New Digital Life
Chuck Cornelio has made his mark at Greensboro, N.C.-based Jefferson Pilot Financial ($4.1 billion in revenue) by driving the vision of a "digital life company" - a paperless environment with data and application reuse and straight-through processing.
Auman Drives IT Efficiency
Having spent the last five years of his 18 years at Bermuda-based Accenture as the partner in charge of Accenture's relationship with The Hartford's P&C company, Ken Auman already has played a role in the insurer's transformation.
Tracking Super Cats
The devastating effects of Hurricane Katrina will prompt more insurers to work with super catastrophe, or Super Cat, modeling, according to Newark, Calif.-based Risk Management Solutions (RMS), a catastrophe risk modeling solutions provider.
During the Property Casualty Insurers Association of America's (PCI) annual meeting last month in Chicago, Ernie Csiszar, Des Plaines, Ill.-based PCI's president and CEO, challenged insurers to rethink their approach to regulatory reform, calling the current regulatory system "untenable."
A Good EXAMPLE
To manage and process policies for a Web-based quoting and submission system, Temple-based Farmers Mutual Protective Association of Texas (also known as RVOS; $9 billion in assets) has deployed Duck Creek's (Bolivar, Mo.) EXAMPLE Platform.
Technology offers insurers and their distributors tools for everything from mining client data and selling policies to enforcing regulatory compliance and tracking agent performance.
For the Business, By the Business
Service-oriented architectures and business-rules technologies are helping IT develop solutions for business users, but control of the business still is in the hands of the business.
In With the New
Adrian Brown, CIO, Canal Insurance Before Adrian Brown took over as CIO at Greenville, S.C.-based Canal Insurance (more than $1 billion in assets), the IT staff at the commercial trucking insurer was focused on maintaining legacy mainframe applications.
A Structured Approach
Amerisure installs Web-based solution to drive faster, more-effective and more-efficient project management.
EMC Buys Captiva, Acartus
Capture and enterprise report management vendors reinforce EMC's credentials as a vertical solution provider.
Blue Cross Blue Shield of Arizona eliminates rate-calculation bottleneck with Resolution business rules engine.
Shop Till You Drop
S. USA Life brings insurance into a retail environment with mall-based customer centers and kiosks.
Growing up in an Italian family, you learn to like to cook for friends and family.
Colonial Life & Accident's new Web-based enrollment system supports agent-assisted service and self-service.
SUNZ Taps Delphi; Verint Be-Friends Provident; Safeway Calls AT&T; Kingsway Gains Insight From Thazar; Brick Street Licenses Lawson; ABCBS Selects Benefitfocus.com; Economical Chooses ILOG; Lloyd's Licenses EQECAT; Trustmark Relies On CareGain; KMG America Selects InSystems
Insurers likely will lead the way in adopting technology to support electronic medical records - but they may have to pick up much of the bill as well.
Momentum finally is gathering in the health insurance and healthcare industries to develop standardized electronic medical records.
Reinsuring the Future
Alea Alternative Risk gains a consolidated view of business by building an operational data store.
Insurers’ Buried Treasure
Veteran insurance executives might find it amusing to explain their esoteric trade to the ignorant.
What’s Behind Door No. 1?
Remember "Let's Make a Deal," the 1960s and '70s TV show that let ridiculously dressed people compete for prizes by trying to guess which box, door or curtain might hide a car, boat or fur coat - or just as likely, a giant can of baked beans or the show's announcer in a baby outfit?
TMM Selects i-flex
Industry newcomer i-flex solutions signs first insurance client to a Castek-centered solution that assembles a consortium of best-of-breed partners.
ISO Tech News Briefs
IAT Renews Sapiens; Docurp Launches Forms Integrity Manager; Portellus Opens Customer Lab; Solimar Offers SOLsearcher; ImageRight Signs 19 Clients; Information Builders Launches WebFOCUS Active Reports