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Modern Policy Administration System implementation must be executed by seasoned technology and insurance industry veterans who have track records of implementing complex projects for demanding customers. |
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Successful product development efforts are based on more than an ability to deliver quickly. They also support efficient, quality-focused and transparent processes.
Chicago-based property and casualty insurer CNA (approximately $ 10 billion in annual premium revenue) is not unique in recognizing a market opportunity – if not necessity – in being able to deliver products to market more quickly. The carrier also resembles its competitors in appreciating product configuration technology as a key success factor in speeding the product development process. |
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Customer Spotlight
Cincinnati Specialty Underwriters (CSU), the excess and surplus lines subsidiary of The Cincinnati Insurance Company, has gone into production across multiple states using Camilion’s Authority Suite®. Authority Suite was configured, integrated and in production in six months and CSU is now issuing E&S policies on the same day they are submitted.
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Feature Article
Going Global: Product Agility in a Competitive World Market – LOMA Resource
What challenges face the insurance industry today? Globalization, increasing competition, changes in regulations, demanding distribution channels and increasing segmentation in markets are constant refrains. And the solution? Over and over, we hear of the need for flexible, innovative products that can be brought to market quickly. The ability to adapt to a dynamic, changing environment is a hallmark of success.
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Must Read Industry Articles
CNA’s Golden Making Technological Transformation a Reality – Insurance & Technology
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Specialty Insurance Leaders Update Changing Landscape, Coverage Opportunities in E&S Market
Video and a transcript, including text in mobile-compatible format, is available:
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Popularizing Producer Portals
The maturity level of producer portals is improving, but carriers and agencies still have work to do to integrate the portals with their agency management systems.
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2008’s Elite 8 Describe the CIO of the Future
CIOs’ roles evolve as quickly as the technologies they marshall. This year’s Elite 8 offer insight into what the job might look like a decade from now.
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