The recent Novarica report on policy administration systems reminded me that the property & casualty insurance world is once again getting both busy and interesting.
The recent Novarica report on policy administration systems reminded me that the property & casualty insurance world is once again getting both busy and interesting.
Policy-administration system replacement remains a top priority for insurers in 2012, particularly for large and midsize carriers, according to Matt Josefowicz. However, it is less of a priority for smaller carriers.
The push to upgrade legacy policy administration systems has been going on for the last decade, but the newer systems have significant upgrades over systems just five years old. John Pettit, president and CEO of Adaptik, talks about policy systems in a podcast with Bob Hyle, editor-in-chief of Tech Decisions...
Instec, a provider of software and services to the commercial property/casualty insurance industry, announced a new version of its quicksolver 3 policy administration software. New features including an administrator module, automated endorsement wording, and enhancements to the user interface.
Guidewire Software, a provider of flexible core systems to property/casualty insurers, announced the availability of Guidewire PolicyCenter 7.0, the latest version of its underwriting and policy administration system.
CSC announced the availability of the Java version of its POINT IN solution, with enhanced configuration tools, for North American-based property/casualty insurers seeking a modern, full-featured, platform-flexible policy administration system.
CSC announced the availability of the Java version of its POINT IN solution, with enhanced configuration tools, for North American-based property/casualty insurers seeking a modern, full-featured, platform-flexible policy administration system.
This innovation will give P&C insurers a less risky, cost effective solution to full policy administration system replacement, while achieving their strategic objectives to grow into new markets or expand an existing book of business.
Insurance company policy administration systems are overburdened and not meeting carrier demands for growth, adaptability and standardization, a survey by Accenture has revealed.