Content tagged with Policy Administration posted in September 2011
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Insurers' Innovation Talk Is Cheap, CIO Says
Proven technologies can help insurers entice customers, lower operational costs and develop innovative business processes, but caution tends to win over audacity when it comes to adopting those technologies.
IPO Won't Change Guidewire's Independent Direction - CEO Marcus Ryu
In remarks at the vendor's user group conference in San Francisco, Ryu spoke of the company's growth, its possession of "the largest software engineering team dedicated to the P&C industry," and said a planned IPO would support the company's original goal to be a "long-term, standalone, independent company."
Guidewire Offers Richer Functionality with Enhancements to InsuranceSuite 7
In addition to enhancements to its PolicyCenter, ClaimCenter and BillingCenter offerings, Guidewire has launched modules for Client Data Management, Rating Management and Reinsurance Management.
Sea Change at CSC: What I Saw at the Connect for P&C Conference
The modernization gesture that began with Java versions of key CSC applications has blossomed into a full-blown strategy dominated by forward-looking commitments.
CSC Introduces FuturEdge Application Modernization Services Suite
The modular suite of services is designed to replace ad hoc, technology-focused decision-making with a business-led portfolio management strategy aimed at increasing agility, reducing costs and decreasing business and operational risk.
XL Global Services to Consolidate Workers' Comp Business onto PCIS' CompVision
CompVision solution will support quotes, rating, policy issuance and transactions for all XL's workers' compensation business as of early 2012.
Nationwide Indemnity Sticks with Innovation Group, Chooses Insurer Pyramid Workers' Comp Solution
Innovation Group's Insurer Pyramid is a new .NET version of the system the vendor gained through the 2001 acquisition of Pyramid.
Western World Insurance Group's Integrated Platform Drives Growth, New Opportunity
The carrier's surplus lines industry-first new business platform enables agents to underwrite, rate, quote, bind and issue policies.
Making the Business Case: Focus on Products
An effective business case for a policy admin system investment focuses on the positive written premium and combined ratio impact on business results.
Making the Business Case: CEM Insurance Overcomes Barriers with Policy Admin Transformation
Through a policy admin transformation project, CEM is aiming to drastically increase premium with adding additional resources.
Making the Business Case: Securian Financial Supports Innovation
Securian Financial Group's business goals for new product development required flexibility necessary to quickly develop innovative products that had become market-standard.
Making the Business Case: Setting the Stage with a Solid Proof of Concept
For a policy administration transformation, a proof of concept can be a critical step in the evaluation process.
Making the Business Case: Seizing the Opportunity
Carriers can gauge the success of a policy administration replacement system when the business no longer sees IT as a bottleneck to underwriting insurance risk but as an opportunity to gain market share.
Kingsway Amigo Selects The Stingray System
The carrier will use the Maximum Processing offering for policy, billing, claims and reinsurance processing.
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