Core Processing

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  For Core Solutions, Some Insurers Opt for the Suite Life

  By Robert Regis Hyle, PropertyCasualty360.com  |  May 21, 2013

  The decision isn’t just which new software solution to buy, but whether your strategy should be to purchase a best-of-breed solution or the increasingly popular software suite.

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  Streamlining the Claims Process at XL Group

  By Robert Regis Hyle, PropertyCasualty360.com  |  May 17, 2013

  Michel Finschi, chief operating officer, insurance claims, for XL Group, recently responded to our request for a Q&A on claims technology and its role within XL Group.

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  Insurers Missing the Boat with Claims Technology

  By Steve Callahan  |  May 15, 2013

  Executives appear to be in agreement that improving combined ratios will be more easily achieved than increasing underwriting profits, at least until the economy returns to a more reasonable footing.

• Guidewire Acquires Data and BI Solution Provider Millbrook

  By Staff Writer  |  May 14, 2013

  Guidewire Software, Inc., a provider of software products for property & casualty insurers, announce the acquisition of Millbrook, Inc., a provider of data management and business intelligence (BI) solutions for p&c insurers.

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  Beating the Drum on Claims Service

  By Robert Regis Hyle, PropertyCasualty360.com  |  May 13, 2013

  Older claims systems—much like policy systems—are not flexible enough to deal with the changes taking place within the claims departments of leading insurance carriers.

• Exigen’s Pre-configured Solutions Reduce Risk and Cost of Core Systems Replacements

  By Staff Writer  |  May 13, 2013

  Exigen Insurance Solutions announces the release of Exigen Pre-Configured Solution Packages that provide more than 80 percent of the core systems functionality required by most property & casualty insurers out-of-the-box.

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  Refine IT Infrastructure To Streamline Claims Processing

  By Christina Bramlet, PropertyCasualty360.com, Brad Fisher, CPCU, AIC  |  May 12, 2013

  Insurers who invest wisely in IT infrastructure can streamline claims operations while propeling customer satisfaction. One VP elaborates...

• Eurobase Launches Specialty Lines, Reinsurance Platform

  By Staff Writer  |  May 10, 2013

  Eurobase Insurance Solutions announces the launch of its Synergy2 platform, a fully integrated, end-to-end insurance administration platform, configurable to clients’ business needs to transact business.

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  Claims Gets Its Piece of the IT Pie

  By Michael P. Voelker  |  May 10, 2013

  As the "money out" side of the business, claims has long struggled to gain the budget attention of the "money in" side.

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  Tips on Buying that Next Claims System

  By Robert Regis Hyle, PropertyCasualty360.com  |  May 9, 2013

  PC360 asked five leading insurance technology analysts the following question: What key areas should insurers being looking for when they invest in a new claims system? Here are their replies.

• MphasiS Wyde Releases New Version of Wynsure Platform

  By Staff Writer  |  April 30, 2013

  MphasiS Wyde announces the release of Wynsure v5.0, a new version of the vendor’s end-to-end multi-line insurance system that provides functionality to support group policies, an enhanced portal, and an improved user interface and experience.

• Edgewater, FAST Partner on Policy System for Insurance Providers

  By Staff Writer  |  April 17, 2013

  Edgewater Technology, Inc., a consulting firm announces a partnership with FAST to deliver technology solutions to the insurance industry.

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  Counting the Costs of Project Failure

  By William T. Budde  |  April 10, 2013

  The annals of IT history are littered with project failures. The Standish Group, which has been collecting data on IT development projects since 1985, consistently reports that only about 30 percent of projects are successful.

• The Hanover Billing System Developed with Input from Agents, Customers

  By Staff Writer  |  April 4, 2013

  The Hanover Insurance Group, Inc., a provider of property & casualty insurance for businesses, families and individuals, announces that it has launched a distinctive new billing system that delivers convenience and flexibility and empowers agents to build stronger customer relationships.

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  Data First: Changing the Approach to Core System Modernization

  By Bruce F. Broussard Jr.  |  March 28, 2013

  The traditional application-centric approach to core legacy replacement in insurance has long been a mix of modern systems, data conversion, and policy migration at time of renewal. The advanced configuration capabilities offered with modern systems has certainly improved project success rates, but many of the major challenges and risks remain....

• SunGard Launch Helps Asia Pacific Insurers Enhance Policy Systems

  By Staff Writer  |  March 26, 2013

  SunGard announces the launch of Compass Asia, an integrated policy administration system that helps insurance carriers across the Asia Pacific region manage their various lines of business through a single platform.