McLean, Va. - The transformation of core policy administration systems and processes is one of the most critical success factors for property and casualty insurance companies in the coming decade, according to a report issued today by BearingPoint Inc. a McLean, Va., global management and technology consulting firm.

Based on interviews with technology executives at global insurance companies, the report entitled "Creating a Responsive Rating and Policy Platform for the 21st Century Property/Casualty Company," was created in conjunction with ISO Insurance Technology Solutions (ISO-ITS), a Jersey City, N.J. unit of Insurance Services Office, Inc. (ISO), a company that provides products and services that help measure, manage and reduce risk.

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