Facing Non-Traditional Rivals
Organizations that boast real-time technology, consolidated information, trusted advisors and strong brands pose the biggest competitive challenge to insurers.
Quiet Co. Makes Noise
Northwestern Mutual implements online learning tools and Web sites for its field force of financial representatives.
E-commerce and everything digital places huge demands for storage capacity on insurers
Are We There Yet?
Anytime, anywhere computing is progressing in the insurance industry, but for most applications there still are strings attached.
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.
NEW AWARD RECOGNIZES INSURANCE INTERNET INNOVATION
The Insurance Innovators Award, which will recognize insurance organizations' use of Internet technologies to improve business relationships, has been launched by Insurance & Technology, InSystems and META Group.
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.
DELIVERY STRATEGIES BRIEFS
MetLife subsidiary Paragon Life Insurance Co. launches new two Web sites to provide group variable universal life customers greater service and access; CNA Trust re-launches its Web site, www.cnatrust.com; a growing number of mutual fund companies' Web sites allow existing clients to purchase funds directly over the Internet, but don't extend the capability to new clients, says a report from DGL Consultants.
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.