Core Processing

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  No Such Thing as Claims Transformation Without Data Conversion

  By David Connolly, Nikhil Junankar  |  June 19, 2013

  In the property & casualty insurance market, the pressure to reduce costs, increase market share, comply with changing regulatory and financial reporting requirements, and meet rising customer service expectations has never been greater.

• SAP Survey Shows Insurers Target Integrated Platform

  By Staff Writer  |  June 17, 2013

  Aging legacy systems continue to be a top-of-mind concern for the insurance industry, according to a survey conducted by SAP at the IASA conference earlier this month.

• Instec Introduces App Store of Policy Administration Components

  By Staff Writer  |  June 10, 2013

  Instec announces the introduction and immediate availability of Quicksilver Connect to provide insurers a virtual shopping mall of pre-integrated, web-deployed software components.

• MajescoMastek Introduces Enhanced Version of STG Policy System

  By Staff Writer  |  June 7, 2013

  MajescoMastek announces the introduction of an enhanced version of its STG Policy Administration system, which delivers ISO electronic rating content directly to the policy system.

• Novarica Report Discovers Wide Variations in Claims Processes

  By Staff Writer  |  June 6, 2013

  A new survey by Novarica finds capability levels around claims systems and processes vary widely between companies with potential impacts to loss results.

• The Suite Life

  By Robert Regis Hyle, PropertyCasualty360.com  |  June 1, 2013

  Once upon a time, the toughest technology decision an insurance carrier had to make was build vs. buy. As software matured—and IT resources dwindled—that decision became much easier. Today, though, the decision isn’t just which new software solution to buy, but whether your strategy should be to purchase a best-of-breed...

• Claims Grabs Its Fair Share

  By Michael P. Voelker  |  June 1, 2013

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

• Missing the Boat

  By Steven M. Callahan  |  June 1, 2013

  Claims operations are getting headline coverage lately, driven in no small part by recent references to Accenture’s claims survey that lists core systems replacement, data and analytics, and workforce growth as the top three priorities and Celent’s claims fraud report highlighting reduction in fraud as one of the key levers...

• Instec Launches Policy Platform for Commercial Lines Market

  By Staff Writer  |  May 30, 2013

  Instec announces the introduction and immediate availability of Quicksolver Studio, a software package that enables configurability of Instec’s flagship policy lifecycle platform, Quicksolver.

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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...