Core Processing

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  Start All Over Again: Policy Admin in the 21st Century

  By Robert Regis Hyle, PropertyCasualty360.com  |  January 7, 2013

  If, like me, you are tired of reading (or in my case writing) articles on core systems replacement, you may have to rethink your attitude about what is going on in the insurance industry, particularly with policy administration systems.

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  PLM Carves Out a Niche

  By Robert Regis Hyle, PropertyCasualty360.com  |  January 3, 2013

  An insurance carrier that writes approximately $150 million in premium is by no means considered a large insurer, but companies of that size—including Pennsylvania Lumbermens Mutual Insurance Company (PLM)—often operate in niche markets.

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  Different Strokes for Different (Insurer) Folks

  By Anil Chitale  |  December 19, 2012

  There are six remotes in a bowl on your coffee table, if you include the gaming joystick. Five of the remotes operate specific units (surround system, cable, Blu-Ray, TV, etc.) and one is a universal remote. When you’re ready to watch television you can juggle three of the remotes,...

• Accenture Duck Creek Enhances Underwriting Capabilities for PA System

  By Staff Writer  |  December 18, 2012

  Accenture announces the availability of Accenture Duck Creek Policy Administration release 5.1, the latest version of its policy administration and rating software platform and a key component of its software suite for property & casualty insurers.

• Cover-All System Designed to Facilitate Conversion of Policies

  By Staff Writer  |  December 14, 2012

  Cover-All Technologies, a provider of insurance software solutions for the property & casualty insurance market, announces the immediate availability of Cover-All Policy Conversion Studio to facilitate the conversion of policies from legacy systems to Cover-All Policy on renewal.

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  Core Systems Replacement: The Clock is Ticking

  By Robert Regis Hyle, PropertyCasualty360.com  |  December 12, 2012

  The clock on your core legacy systems is ticking. No, it’s not going to explode when the clock reaches zero, but you can’t place a value on the hundreds of lost opportunities that come with having a system that is not flexible enough to meet the demands of today’s business...

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  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.

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  The Time for Investment in Claims is Upon Us

  By Robert Regis Hyle, PropertyCasualty360.com  |  December 3, 2012

  It’s nice to hear property & casualty insurers are getting serious about putting more money in their claims operations. In a recent survey of p&c carriers, Accenture reported that insurers have discovered too many problems with their current systems that keep them from operating effectively in the most important customer-service...

• Private Equity Firm Acquires CCC Information Services

  By Staff Writer  |  December 3, 2012

  CCC Information Services Inc., announces that Leonard Green & Partners has entered into a definitive agreement to acquire a controlling interest in the company from Investcorp. CCC is a provider of advanced software and workflow tools to the insurance automotive claims and collision repair industries.

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  Flexible Systems the Focus for Claims Technology

  By Robert Regis Hyle, PropertyCasualty360.com  |  November 29, 2012

  Property & casualty insurers have long valued the ability to save a few bucks through the efficient handling of claims, yet despite what many viewed as a core competency, investment in new claims technology usually came after other technology improvements were made.

• OneShield Introduces Latest Version of Dragon Designer Software

  By Staff Writer  |  November 27, 2012

  OneShield, Inc., a provider of policy and billing core systems for property & casualty and general insurers, announces the immediate availability of Dragon Designer v6.0, the next generation toolset for OneShield Dragon.

• DRC Hopes New Policy System Proves to be a 'GameChanger'

  By Staff Writer  |  November 15, 2012

  Decision Research Corp. (DRC), a provider of rating and policy processing solutions for the P&C insurance industry, announces the release of GameChanger, a highly configurable policy administration system for carriers, MGAs, and brokers writing personal, commercial, and specialty lines.

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  Business Case Needed for Investment in Modern Core Systems

  By Zachary Gustafson  |  November 14, 2012

  In order to make the dream of a new core system a reality, insurers must build a compelling business case that clearly illustrates the system's long-term benefits, value, and ROI. It should be convincing enough (and supported with evidence) so that the executive committee reviewing it revises its question from...

• New Mitchell Release Focuses on Effective Medical Bill Processing

  By Staff Writer  |  November 12, 2012

  Mitchell, a provider of technology, connectivity, and information solutions to the property & casualty claims and collision repair industries, announces the commercial release of Decision Point 7.3, a medical bill review and workflow solution for first- and third-party liability adjusters.

• Verisk Underwriting Solution Identifies Previously Foreclosed Properties

  By Staff Writer  |  October 24, 2012

  Verisk Insurance Solutions - Underwriting, a unit of Verisk Analytics, announces an enhancement to Foreclosure Alert that identifies—at the point of sale—if a property has previously been in foreclosure. Foreclosure Alert provides actionable information to help insurers minimize the risk from properties currently or previously in foreclosure.

• Guidewire Introduces Performance-Comparing Solution for P&C Carriers: Guidewire Live

  By Staff Writer  |  October 23, 2012

  Guidewire Software, Inc., a provider of flexible core systems to property & casualty insurers, announces the availability of Guidewire Live, a network connecting Guidewire customers to one another, curated external content, and expert tools.