Articles related to "Policy Administration Systems" »

How to Get to Good-to-Go: The Benefits of Automating Bureau Updates

Thursday, October 28th, 2010 | 0 Comments
When you think about it, there are a couple of striking things about how an insurance company uses bureau content, aka rates, rules and forms. read more »

Prioritizing IT Projects and The Fine Art of Knife Throwing

Tuesday, October 19th, 2010 | 0 Comments
As the TV watching public and networks gear up for their Halloween scary movie marathons, it’s worth a look back at what used to horrify audiences before television and the movies. Back before all that computer-generated special effects wizardry, if we were in the mood for a little terror, we’d sit through circus or vaudeville acts specializing in that more dramatic expression of the skill of knife throwing: impalement arts. read more »

So Much To Do and So Little Time

Wednesday, October 13th, 2010 | 0 Comments
Time is one of those elusive things in life where everyone wants more of it to accomplish all their tasks but no one ever really seems to find it. Has anyone ever examined how to do even more than before with less time though? Is it even possible?read more »

Streamlining ISO Circular Processes – Can It Be Done?

Thursday, October 7th, 2010 | 0 Comments
Novarica’s Karlyn Carnahan recently published a report titled Carrier Internal Processes for ISO Circulars, which profiles the typical processes, resources and costs associated with handling ISO circulars. According to Karlyn, maintaining rates, rules, and forms is a complex and labor intensive process within an insurance carrier. read more »

The Great 2010 Insurance Juggling Act

Tuesday, September 28th, 2010 | 0 Comments
In the see-saw economy that’s defining business in the post-crash, mid-tier insurers are being tested to skill up their already well-practiced juggling skills. Yep, the economic reset has changed the props that these insurers will have to keep in motion over the next year. This year’s props are a bit dodgier than in the past...like knives, not beanbags. read more »

Insurance Transformation is Possible

Tuesday, September 21st, 2010 | 0 Comments
The implementation of ISO rates, rules, and forms has been a challenge for insurers for many years. The time and expense devoted to this particular aspect of a policy administration system implementation has been all consuming and often overwhelming. read more »

How I Learned to Stop Worrying and Implemented a Best-of-Breed Solution

Wednesday, September 8th, 2010 | 0 Comments
Provides an in depth look at how selecting a best-of-breed P&C policy administration system may positively impact your entire implementation strategy. read more »

Do You Know Your Products? Why it may be time to rationalize your insurance product portfolio.

Wednesday, September 1st, 2010 | 0 Comments
Just as automakers can no longer afford to build almost identical models to be sold as separate brands, insurers must reduce product duplication and simplify product offerings to remain competitive. read more »

Policy Administration Q&A with Drew Birtwistle, Product Marketing Manager, Authority Suite®

Wednesday, August 25th, 2010 | 0 Comments
INN: How is the continuing turbulent economy affecting insurer decisions to keep their PAS, replace parts of it, or implement an entirely new system? read more »

The Elephant in the Room

Wednesday, July 21st, 2010 | 0 Comments
Within many insurance companies, there is an obvious truth that can no longer be overlooked. The elephant in the room is that current manual product management processes – which require frequent collaboration between many different stakeholders – are inconsistent and rob insurers of much-needed agility. read more »

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"Inflexible and inefficient processes can add months of lag to your time to market."