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News & Commentary
Content tagged with Policy Administration posted in May 2013
4 Key Benefits of SaaS Automated Systems for Life Insurers
Commentary  |  5/23/2013  | 
The potential benefits of automated systems for new business and underwriting – in terms of speed, accuracy, cost reduction and improved service – make for a compelling value proposition.
Guidewire-Millbrook Deal Signals Value of Data for Differentiation
News  |  5/14/2013  | 
Guidewire has characterized the deal as providing the ability to help customers to accelerate replacement of their legacy core systems and to improve management of operational data in their policy, billing, and claims functions.
Motorists Replaces Legacy Reinsurance System With Effisoft's WebXL
News  |  5/12/2013  | 
The Columbus, Ohio-based carrier chose WebXL as a comprehensive solution providing enhanced data access, improved controls and fully automated processing.
Selective Appoints New CIO
News  |  5/9/2013  | 
Gordon Gaudet, most recently director and co-lead of Deloitte Consulting's Insurance Core Systems Transformation practice, will have responsibility for all IT operations at the P&C insurer.
Xchanging Aims at "Transformational Play" With Launch of Netsett Net Settlement Utility to US Market
News  |  5/7/2013  | 
Settlement processes similar to those that reduce needed capital from $80 billon to $12 billion on the London market are poised through an Xchanging/Deutsche Bank partnership to address $3 trillion global market, with the possibility of a 85% reduction in the working capital required.
OMS National Insurance Selects Full Accenture P&C Suite
News  |  5/7/2013  | 
OMSNIC will use Accenture's Policy Administration, Billing and Claim Components software in order to create a single integrated solution for rating, quoting, underwriting, billing, claims administration and policy lifecycle support.
se2 Turns to FAST to Support Growing Life Outsourcing Business
News  |  5/7/2013  | 
Following a deployment that took lest than five months, se2 is currently processing term, whole life and interest-sensitive policies.
6 Best Practices for Implementing Finance Software
News  |  5/7/2013  | 
UNIT4 Business Software offers guidelines for implementing finance accounting software to support growth.
Sapiens Introduces the DECISION for Insurance Business Decision Management Solution
News  |  5/6/2013  | 
By consolidating business rules into a central, audit trail-supported repository, DECISION for Insurance is designed to give carriers full control of decision execution throughout the enterprise, and consistency across multiple systems.
Insurance CIOs Should Turn Conventional Transformational Wisdom on its Head
Commentary  |  5/3/2013  | 
X by 2's Ram Sundaram says insurers pursuing IT transformation should do the opposite of five rules that represent conventional wisdom.
New Novarica Analyst From CIO Side
News  |  5/2/2013  | 
In his new role as analyst, former Navy Mutual CIO Tom Benton will report on core system transformation, IT strategy and project management, with a focus on life and annuity carriers.
MphasiS Wyde Debuts Wynsure v5.0 for All Insurance Lines
News  |  5/1/2013  | 
The new version includes user experience improvements, as well as group business features, such as a dedicated CRM desktop and simplified accounting and underwriting process review.

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