Core systems

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.

Novarica Research Council Impact Award Nominee of the Day: Oregon Mutual Insurance’s tablet-based interactive reports leverage the value of marketing information and quantify field information for increased productivity and retention.

Insurer hopes that purchase will enhance its customer service, claim outcomes and overall efficiency.

Profiling rating solution providers, Novarica dissects the overall market as well as the individual components of solutions that make for effective purchases.

Panel representing hundreds of vendors and businesses engaged in cloud deployments globally discuss standards.

Novarica Research Council Impact Award Nominee of the Day: Employee input at CAMICO has led to 95 percent policy retention and 92 percent employee satisfaction among IT workers.

Insurer to implement FireLight, which is designed for electronic term life insurance business processing.

P&C insurer looks to investment accounting, reporting and analytics software in an attempt to achieve greater transparency, control and scalability.

Novarica Research Council Impact Award Nominee of the Day: Cincinnati Financial transforms independent agents’ process business using ACORD XML standards and real time from agency systems.

Acquisition of DaVinci Consulting Group to enhance long-term care insurance capabilities at Towers Watson.

GEICO has the simplest brand among U.S. insurers, according to Siegel+Gale released its 2012 U.S. and Global Brand Simplicity rankings today. GEICO, ranked 21 out of 125 U.S. brands, was the only insurer to be considered a “leader,” as Allstate, which was ranked 84th in the United States as the only other insurer listed, was the last brand included in the “middle of the pack” section.