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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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Chad Hersh, Principal, Novarica and Susan Hutt, Sr. VP, Services, Camilion reveal how modern implementation methodologies mitigate risk, achieve earlier ROI, reduce TCO and help insurers realize self-sufficiency sooner. |
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Previous Poll Results
What are your top 3 considerations when selecting an enterprise software vendor?
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Targeting peak performance, insurers are getting core policy administration systems in top shape.
These days, every sport is stressing the importance of "core strength." The core supports everything else in the human body, and in order for athletes to excel, they must take the time to keep those essential muscles and systems in top form. Likewise, policy administration is at the core of any insurer's business processes and systems environment. It wasn't too many years ago we were reporting carriers just didn't seem willing to invest the time and effort (and money) in strengthening, updating, or replacing core. However, a trickle of interest has grown into a stream of policy admin activity. |
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What is Product Agility in Insurance?
Product Agility is the flexibility to react quickly and cost effectively to consumer needs and market demands with relevant, profitable products. Developing multiple products concurrently is difficult for many insurers, and typically they don’t have enough capacity or flexibility in their systems to revise existing or launch new products fast enough.
Learn how to increase your revenue, decrease operational costs and reduce overall risk with a step by step approach to drive towards product agility.
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Visit Us at These Upcoming Events:
NAMIC 2009 Personal Lines Underwriting & Marketing Seminar
April 22 - 24, 2009
Westin Riverwalk, San Antonio, Texas
Presentation: Preparing for Future Customers
Speaker: David Corrigan, Vice President, Product Management
Thursday April 23rd, 2009, 8:30am - 9:45am
ACORD LOMA Insurance Systems Forum 2009
May 17 - 19, 2009
Walt Disney World® Dolphin Resort, Orlando, Florida
Booth# 311
IASA 2009
June 7 - 10, 2009
Gaylord Palms Hotel & Resort, Orlando, Florida
Booth# 406
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Must Read Industry Articles
Agility Vital in Insurance IT
The time is now for innovation, but many insurers find it very difficult to translate ideas or pilot projects into tangible results.
Read More
Jumpers
IT members who are unafraid to test their skills and advance their knowledge of the insurance state can help create an IT department that does more than react to business needs – it anticipates them
Read More
Priorities Will Shift, But Insurers' 2009 IT Spending Remains Healthy
Given the ravages the financial crisis has wrought in the insurance industry, greater cost consciousness will return to insurance IT organizations. But unlike the downturn following the dot-com bust, carriers are likely to sustain levels of pre-crisis spending.
Read More
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