Policy administration

Changing the Rules For Core Systems

By Steven M. Callahan | March 4, 2013

Uncertainty over election results, the fiscal cliff, and economic direction appear to have been addressed, allowing industry leaders to focus on a return to competitive advantage and sustainable profitability.
Insurance IT Vision Test

February 1, 2013

Stephen Applebaum compares the movement in insurance IT to newer, more agile systems to that of a huge ocean liner.
Myth Busters: Data Migration and Policy Administration

By Steve Hauck | January 17, 2013

Back office needs at p&c insurance companies have changed significantly over the last few decades. Expanding existing products, introducing new ones, changing distribution strategies, and the need for business agility—among other factors—have put enormous pressure on legacy policy administration systems, most of which are unable to handle the growing...
Seven Deadly Sins of Policy Administration

By John Pettit | December 6, 2012

Replacing a policy administration system is one of the most important and difficult tasks an insurance carrier will undertake. When projects reach this magnitude, insurers need to recognize the pitfalls and how to deal with them.
When Legacy is a Good Thing

By Jeffrey Glazer | June 28, 2012

Ask a person about the legacy they want to leave, and the conversation will turn reflective and sincere. They may tell you about their commitment to making sure that their work is solid, delivered with integrity, and enduring.
Product Configuration: Bringing Order and Efficiency to the Modern Insurance Enterprise

By Srini Venkatasanthanam | April 19, 2012

Property & casualty insurance carriers depend on agile and modern IT systems to respond to fast-changing regulations, competitive threats, new opportunities and customer demands. Policy administration is at the heart of these operations, but logistical challenges and costly risks associated with replacing or consolidating these core systems have prevented...
Who's Using What: Software Technology Implementations

By Staff Writer | March 1, 2012

K&K Insurance Group is live in production on its quicksolver policy administration software from Instec. Quicksolver replaced K&K’s legacy rating software. Glencar Underwriting Managers selected quicksolver 3 for commercial package policy in all 50 states.
...and Nothing But the Truth

By Robert Regis Hyle, PropertyCasualty360.com | February 1, 2012

You want answers? Analytic tools can provide what insurers need most, provided the carriers have their data in order.
Hop on Board: Spending Continues to Rise for Core Systems

By Robert Regis Hyle, PropertyCasualty360.com | February 1, 2012

Insurers have seen the success others have found from breaking down larger projects into sizeable chunks. Industry analysts believe this is the next wave for core system replacement.
Not All Carriers Worry About Replacing Core Systems

By Robert Regis Hyle, PropertyCasualty360.com | January 5, 2012

Policy administration system replacement remains a top priority for insurers in 2012, particularly for large and midsize carriers, according to Matt Josefowicz. It is less of a priority for smaller carriers, though.
Insurers Scaling New Heights

By Robert Regis Hyle, PropertyCasualty360.com | December 13, 2011

The challenge of being a CIO in 2012 is to avoid the hype of new technology while achieving breakthroughs with older technology such as legacy systems.
Top Priorities: The Real Holiday Gifts

By Robert Regis Hyle, PropertyCasualty360.com | December 12, 2011

We had some fun last week with our holiday gift guide for tech geeks, but this week we want to look at what insurance IT departments really want—and need—for the holidays.
Insurers Hammering Away at Core Systems

By Robert Regis Hyle, PropertyCasualty360.com | February 14, 2011

Novarica just released its Insurance Information Technology 2011 report and to no one’s great surprise core systems rank at the top of the to-do list for insurers.
Core Systems, Agent Portals Top the To-Do List for Insurers in 2011: Novarica Report

By Robert Regis Hyle, PropertyCasualty360.com | February 11, 2011

With 2011, budgets holding within historically average ranges, insurer priorities are focused on core policy administration environments, agent portals, and business intelligence, all with a goal of improving business agility, insights, and service quality.
Possibilities or Limitations: A New View of Policy Administration System Selection

By Karen Furtado | January 19, 2011

Policy administration system implementations consistently make the ‘A List’ of important projects for insurers every year. There always are a large number of policy administration projects under consideration in the insurance industry—some to handle new lines of business, some to manage processing for new companies—but the vast majority are undertaken...
Budget Busters: IT Spending in 2011 Part 1

By Robert Regis Hyle, PropertyCasualty360.com | January 10, 2011

A survey of insurance IT leaders conducted by Strategy Meets Action show 83 percent of carriers on the property/casualty side are keeping tech spending levels flat or with slight increases.