Allmerica Saves 25 Jobs, Signs Contract with Keane
Allmerica Financial saved 25 IT jobs by signing a seven-year development and outsourcing contract that it signed with Keane, Inc for property and casualty application development and management outsourcing. In all 139 Allmerica employees will transition to Keane.
InsureZone Partners With DigitalWork
DigitalWork has formed a strategic alliance with small commercial
insurance agency InsureZone that will enable DigitalWork give its clients' small business customers access to commercial insurance product offerings, including business owners policy (BOP), workers' comp, commercial auto and umbrella liability.
Swiss Re Chooses PDCA For Weather Derivatives
Swiss Re has contracted with Longitude for the use of its Parimutuel Digital Call Auction (PDCA), with the goal of gaining increased liquidity in the existing weather derivatives market.
In Search Of Agent Locator Excellence
Since most casual online insurance policy seekers and rate hunters do not buy insurance products online, insurance companies must create a satisfying marriage between online
and offline insurance services and offerings, according to a recent report from Gomez, Inc.
Pegasystems will acquire 1Mind to increase penetration into healthcare; Front-office CRM technologies will finally allow insurance companies to cut costs and stimulate business, according to Meridien Research; DataMirror software allows companies to integrate mainframe and CRM data.
Certified insurance counselors will be able to access various insurance products at CIC Select; BUPA chooses Pegasystems for customer complaint management technology; EducatorsMoney launches to help streamline retirement plan administration...
The Credit Scoring Paradox
Many online insurance customers abandon the quote/application
process because insurance companies require sensitive personal
information in order to receive an accurate quote. Insurers must
learn to balance online insurance users' demand for accurate rate
quotes with their reluctance to share sensitive information, according to Gomez, Inc.
MetLife Agents To Use Insurance Noodle Solution
MetLife General Insurance Agency, Inc, will provide over 600 of its
property & casualty licensed career agents with a Web-based small
commercial insurance solution from InsuranceNoodle that offers single
sign-on and comparative quoting functionality.
The Hartford's Technology Foils Fraud Artists
Technology played a central role in uncovering a fraud conspiracy
that led to a lawsuit that was filed on Monday by The Hartford against
27 residents alleged to have staged motor vehicle accidents in order
to make fraudulent injury claims.
Capital Awards TriZetto Contract
The TriZetto Group, a provider of healthcare information technology
products and ASP services, will host and manage its proprietary Facets managed care administrative software and provide provider-credentialing services for Capital Blue Cross.
HANSEN PROMOTED AT THE REGENCE GROUP
Susan A. Hansen has been promoted to vice president of membership
and claims systems consolidation at The Regence Group. Hansen is
currently overseeing a systems consolidation project designed to
improve customer service and reduce costs.
Cathaylife selects Envox for a speech-enabled CRM solution; Group 1
Software partners with iWay to offer an integrated single-customer view
solution; AscendantOne partners with Align 360, ConfirmNet, Maxim and
Terrace Consulting to augment existing technology.
Gaining Competitive Advantage Through Internet Innovation
"Clicks-and-bricks" expertise, along with the ability to introduce
innovation and change into the enterprise, are hallmarks of today's
Internet/e-business success stories in financial services. Accordingly, Insurance & Technology, InSystems and META Group are partnering to
initiate the Insurance Innovators Award.
ING's Integration Is Donovan's Goal
Following the acquisition of ReliaStar and Aetna Financial Services in 2000, ING faced a technology integration challenge that Paul Donovan, characterizes as "Y2K on steroids."
Doing More with a Little Bit Less
Insurance technology budgets will increasemodestlyin 2002, with a continued focus on CRM, security and e-business, top tech execs forecast.
Ready To Roll
Farm Bureau Financial Services builds information technology to navigate the demands of rapid growth.
The New Look of Security
Security threats are changing rapidly and insurance companies are scrambling to adapt security systems and policies to cope.
Insurance Execs Get Tech Fever
Tillinghast-Towers Perrin study indicates top financial services executives believe technology has become key to making them better at business.
PacifiCare Health Systems chooses SimplyHealth, Blue Cross Blue Shield of Minnesota will use edocs, Aetna has launched Healthwise Knowledgebase...
Kemper, Keyosk Serve NAWBO
Women business owners represent a growing market segment, which
Kemper Insurance and Web-based financial services provider Financial
Keyosk have teamed up to serve.
Hot technology products from Vitria, Staffware and FinanCenter.
SunAmerica contracts Infosys, UnumProvident Corp. selected Microsoft Exchange, Syntel signed a partnering agreement with Conseco Fincance Corp. ...
This month's editorial on convergence by Katherine Burger, Editorial Director.
Keep the Faith: CIOs Forecast Some IT Budget Growth in 2002
The news on the technology spending front isn't great, but it's somewhat better than expected, according to new research from two major investment banks. According to a survey from Morgan Stanley, CIOs expect modest budget growth in 2002 and anticipate that spending will focus mainly on e-commerce initiatives, security
software and enterprise application integration. Meanwhile, Merrill Lynch forecasts that corporate spending on technology will grow slightlythree percentin 2002.
Applix releases Applix Integra, a real-time, enterprise-wide platform that integrates planning, analytics, business workflow, collaboration, exception alerting and forecasting capabilities; global retail CRM spending in financial services will stay essentially level in 2002 as compared to 2001, predicts Meridien Research; SPSS Inc. releases Clementine 6.5 data mining software.
US carriers will spend more than $1.1 billion on new agent-focused extranet technology over the next two years, according to Celent Communications; Guaranteed Quotes will provide a Web-based system for tracking, storing and retrieving information to DataLife; BB&T Insurance Services teams with Access CoverageCorp to improve BB&T's client acquisition process; Insurance Technologies launches its
newly designed Web site.
Contracts worth L5.6 million have been awarded by ANFIS to Sherwood
International Plc; Vitria and the Blue Cross and Blue Shield Assn.
enter into a five-year national agreement; John Loeser is promoted
to CTO of the Web Technologies line of business for Healthaxis.