Core systems

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.

American Safety Insurance (ASI) wanted to eliminate unnecessary manual tasks that were required to unify several stand-along legacy systems. Therefore, the insurer began an initiative in 2010 to consolidate all underwriting units across the company onto a single policy administration system, which included five components: a policy admin and rating system, agency and broker master file management technology, reporting software, document management software and forms generation technology, all from different vendors.

In a tough operating environment, the title insurance industry persevered with improvements in many major financial and operational categories in 2011, including composite ratio, and in a new special report, A.M. Best expects these successes to be surpassed in 2012.

Great American Insurance Group, nominated for a Practice award, wanted to create a competitive advantage and excellent customer experience by offering customer mobile applications to deliver self-service functionality.

Provider of risk financing and loss prevention services for Texas municipalities calls on software provider in attempt to become more proactive with claims.

WellPoint Inc., the second-biggest U.S. health insurer, will reorganize into four business units in the first major move undertaken by interim Chief Executive Officer John Cannon.

As demand for mobile, big data, cloud and virtualization initiatives continues to grow, so does the demand for (and salaries of) qualified IT professionals.

Novarica Research Council Impact Award Nominee of the Day: Leveraging a project and portfolio management application, Erie Insurance took on a transformation initiative to track all costs across 13 discreet portfolios.

Insurers that have invested in analytics tools in the past year are just beginning to recognize their ability to manage producers and improve their performance with the technology.

Data and analytics at the top; staff development becoming more important, according to Novarica research reported at this week’s PCI Information Technology Conference.

Data and analytics at the top; staff development becoming more important, according to Novarica research reported at this week’s PCI Information Technology Conference.