Core Systems: When is a Best-of-Breed Strategy the Right Approach?
Date: Wednesday, September 21, 2016
Time: 2pm ET | 11am PT
As insurance organizations embark on their critical journeys to update core legacy systems, they face an important decision: Should they use a single vendor with a consolidated suite? Or should they go with a best-of-breed strategy? This debate is important for systems that manage core business processes, including claims, policy, and billing. Until recently, insurers found the decision between the two options a difficult one, as the advantages and disadvantages seemed fairly balanced.
Join this complimentary webcast where experts, including an insurance company IT executive, will:
PLUS - when you reserve your spot for this complimentary webcast you’ll also receive a free copy of the white paper, “11 Advantages of a Best-of-Breed Approach”.
Vice President and CIO
Larry Fortin has been the CIO at Millers Mutual since 2008. Larry is in the process of implementing a complete IT transformation including the replacement of core systems with a best of breed solution that includes rating and quoting, policy administration, claims, billing, commission, and reinsurance systems. Additional implementations include new agency and employee portals, and business intelligence applications.
Prior to joining Millers, Larry served for eight years as vice president for a technology consulting firm where he oversaw the company’s national insurance practice. Before that, he was a director of application development for a large, multi-national insurance carrier where he implemented solutions with onshore and offshore Ireland-based IT staff.
Larry has a degree in business from Norwich University and a master’s certificate in information technology project management from George Washington University.
Karlyn Carnahan, CPCU
Karlyn Carnahan, CPCU, is a research director with Celent’s Insurance practice, focused on property/casualty underwriting, claims, distribution management, and insurance strategy. She is a widely recognized expert on these topics who has been extensively published in a broad range of industry media and general business media. She has presented at numerous industry events including ACORD, IASA, ACE, and PCIAA.
Karlyn’s consulting experience includes numerous systems selection projects across policy admin, billing, claims, loss control, CRM, and other core systems. She has also completed multiple IT organizational assessments, primary market research of insurance agents for carriers, marketing and product roadmap strategies for multiple software vendors, and other strategic projects for carriers.
Prior to joining Celent, Karlyn was a principal at Novarica, where she published over 40 reports on emerging issues, industry trends, and technology solutions. Previously, she had an extensive career in the insurance industry, including serving as vice president of Marketing and Innovation for Fireman’s Fund commercial lines division, global industry manager for Sun Microsystems, and senior vice president of product development for InsWeb. Earlier in her career, she held a variety of marketing and underwriting positions at NORCAL Mutual and Fireman’s Fund.
Karlyn holds an MBA from Stanford Business School and a Certified Property Casualty Underwriter (CPCU) designation.
Founder and CEO
Systema Software, LLC
Jose Tribuzio is the founder and CEO of Systema Software. He has more than 20 years of experience in the software industry. He began his career at Andersen Consulting (now Accenture) working on diverse projects for the financial, telecom, and transportation industries with clients including Delta Airlines, Pacific Bell, and Banco Frances. Prior to founding Systema Software, he started a multi-national consulting company helping organizations such as Prudential California. Since 2001, Jose has focused solely on developing insurance software solutions, which provide a unique combination of value, flexibility, and functionality
Jose has previously presented at the National Workers’ Compensation & Disability Conference, American Claims Event (ACE), ACORD Conference, Association of Government Risk Pools (AGRIP), and the California Association of Joint Powers Authorities (CAJPA). He has also written articles for Workers Compensation Magazine, Insurance Thought Leadership, and Public Risk.
The incumbent insurer is making changes to accommodate self driving cars and smart homes, and to capitalize on artificial intelligence.
Delta Air Lines planes were involved in three wingtip collisions in separate low-speed accidents over two days at New York’s John F. Kennedy airport, leaving one man injured.