When Mike Natan came on board as CIO of OneBeacon Insurance Group two years ago, he inherited a large, failing IT project intended to support a new commercial P&C package. "At that time, I looked at the project, and basically killed it," he says. "It was clearly runaway. It wasn't going to deliver."In May, the Boston-based regional insurance company rolled out a new Web-based policy administration system, which will not only support the company's new commercial package product, but all of its commercial and personal lines as well.
Called Policy INSIGHT, the system was developed with Sapiens International Corp., a Rehovot, Israel-based technology provider with U.S. headquarters in Cary, N.C. Based on Sapiens' eMerge rules engine and IBM Corp.'s Websphere, the new system provides several state-of-the art advantages over the legacy systems it is replacing:
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