Virtual Policy Processing
Peak Performance (Hoboken, N.J.) has launched PolicyPointe, a Web-based application for P&C insurance companies that rates and underwrites risk in real time through embedded business rules, the company says.
Alliances & Partnerships
SunGard Taps Keane; AdminServer Rises With Sun; IBM Adds Innovation; Insurity and Microsoft Align; FINEOS, Reed Team
Annuity System: Scalable, Flexible and Fast
TIAA-CREF sought an admin system for its after-tax variable annuity business that was scalable and flexible, would enable greater speed-to-market, and would fit in with the company's future technology roadmap.
P&C System: Modern World, Modern System
Armed Forces Insurance decided it needed to replace its legacy policy administration system to improve efficiency and meet the evolving needs of a diverse personal lines customer base spread over the entire nation.
Not Risking It
To limit its risk exposure, Allstate cuts earthquake coverage, citing limitations of catastrophe modeling technology.
Staying In The Game
For insurers that rely on independent agents, moving to Web-based policy administration systems to enable producers to submit business electronically has become a competitive necessity.