Core systems

Novarica Research Council Impact Award Nominee of the Day: Through a pair of CSR-focused projects, PEMCO Mutual Insurance Company created a customer-centric perspective that has led to better customer service and improved sales opportunities.

Contractor plans to use CSC software to enhance communication between parties, as well as rate and identify vendors based on performance.

Howard Mills, director and chief advisor of Deloitte’s insurance industry group and former New York State Insurance Superintendent estimates potential losses at a billion dollars, or more.

Early estimates range from $1-$5 billion in damages along the U.S. east coast from what is being dubbed a "Frankenstorm."

Novarica Research Council Impact Award Nominee of the Day: Capitol Insurance Companies enabled 24-hour access to business tools for agents and consolidated its surety business in the process.

Newest version of the study includes predictive modeling analysis, spans five-year period from 2006 to 2010.

Category two hurricane is expected to stalk the east coast, 250 miles offshore.

Novarica Research Council Impact Award Nominee of the Day: Zurich North America worked with program administrators to eliminate rekeying of data and other labor-intensive steps in the process.

Large IT efforts often cost much more than planned; some can put the whole organization in jeopardy. The companies that defy these odds are the ones that master key dimensions that align IT and business value.

Big data leads the way as IT spending is expected to reach $3.7 trillion in 2013.

In an effort to improve system stability and availability, Allstate Financial ran a root-cause analysis of production issues, which determined that many were due to application integration issues across the enterprise. In response, Allstate established E-Test, an enterprisewide test environment comprised of key administration systems, data stores and applications.

Insurer seeks improvements in operational intelligence as well as regulatory reporting with latest purchase.

Provider's BI and policy admin products designed to increase insurer's operating efficiency and leverage information assets.

A new survey of mostly insurance and IT executives also finds them looking for business cases to justify big data expenditures.

Novarica Research Council Impact Award Nominee of the Day: Quote-to-bound business triples as the workers’ compensation insurer takes pre-deployment problems into their own hands.

Particularly for P&C insurers, the drive for growth and competitive advantage through data continues to dictate IT budget increases.

Insurers adapt to low interest rate environment by adjusting product offerings to manage impact on profitability.

Industry’s net income nearly triples and combined ratio improves almost 10 points compared to 2011 figures.

Through a five-year project, the insurer improved efficiency by 25 percent and achieved a straight-through processing percentage of 75 percent for BOP accounts.

While the majority of insurers plan to be ready by the proposed 2015 deadline, many still have to address their IT practices.