As part of our Authority Implementation Methodology, Camilion works with our clients to develop a best practice insurance product architecture. This architecture enables an insurer to identify relationships and commonalities in their insurance product portfolio to create a common product baseline. read more »

Novarica released a video recently on 2011 IT spending priorities featuring Matt Josefowicz. You can watch the video in its entirety here (9:45)read more »

Gartner recently published MarketScope for North American Property and Casualty Insurance Policy Management Modules, which provides a look into the North American policy management vendor market aimed at Tier 1, 2 and large Tier 3 P&C insurers. While it is not a comprehensive report of all vendors offering policy administration systems, it reviews vendors that support full end-to-end policy management and issuance functionality, with 2 live customers of greater than $500 Million in DWP, that exhibit steady growth and demand in the North American P&C insurance market.read more »

"Why aren't banks innovating more?" asked an attendee during a presentation at the recent BAI Retail Delivery 2010 conference. The response from one banker was that the many recent regulatory changes and continued uncertainty combined with the high maintenance costs of existing products and systems. And either frozen or shrinking budgets make it difficult to find time and money for innovation. read more »

Karen Furtado, Partner, SMA Strategy Meets Action recently published an article discussing the new approaches available today to manage ISO rates and rules beyond the traditional system of record. The article reviews the benefits of ISO Electronic Rating Content™ and how state-of-the-art policy administration systems can and should do more than just quote, issue, and manage policy records.read more »