Web Can Be Enabler On Rate Decisions

.NET (pronounced “dot-net”) is a new term that has been gathering much momentum within the insurance industry. However, understanding the value Microsofts .NET can have for the rating process also requires thinking about .NET as a business enabler, not just a technical enabler.

Lets talk about .NET in laymans terms. That way, whether youre a technically knowledgeable person or just a good insurance professional looking for a better way, informed decisions on rating software can be made.

Too often, insurance companies, particularly those processing commercial lines, have multiple rating, billing and claims software systemsoften a blend of homegrown and vendor supplied software. Each system has large letter representation on the companys “big picture” software diagram depicting the organizations enterprise automation. Unfortunately, IT discussions quickly reveal layers of automation complexity that make the “big picture” more of a future vision rather than the current reality.

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