Core systems

SMA research brief identifies must-haves for a successful core systems replacement project.

The insurer will implement the Accenture Life Insurance & Annuity Platform and Actuarial Calculation Engine.

The Chinese e-commerce company and eBaoTech have partnered on an administration platform for insurance companies.

SSP, provider of insurance technology in the UK, and Capgemini, a consulting, technology and outsourcing services company, have partnered to help insurers replace legacy systems and accelerate their digital ambitions, the companies said.

To improve the customer experience, the multiline insurer will use PolicyCenter and Rating Management to integrate disparate underwriting and policy admin systems.

Combining the operations of two insurance giants likely would require months of research, as well as an increase in headcount and IT expenditures, at least in the short term.

New offering includes Majesco Billing, which supports P&C and life and annuity lines of business.

A new Novarica report finds that data, digital channels and changing customer expectations are driving investments in claims processing across the insurance industry.

More than a dozen mergers and acquisitions in the reinsurance market, valued in the billions of dollars, have occurred in the last four months.

The insurer now is in production with rating, quoting, underwriting, policy lifecycle management, document generation/management and program-based underwriting.

The insurer selected BillingCenter and Guidewire’s portal products in an effort to enhance agents’ and policyholders’ user experience, lower cost and achieve faster time-to-market.

The replacement of legacy systems is intended to reduce IT costs and improve time to market for new products.

Having a set of vendor-specific questions and expectations can assist in selecting the best vendor for your company.

The workers’ comp insurer now is in production with PolicyCenter, BillingCenter and Quote and Buy Portal, to offer new self-service abilities to policyholders.

The personal and commercial lines carrier will implement the cloud-based SurePower Innovation to support growth and greater customer satisfaction and retention.

The insurer has selected BT to consolidate, modernize and manage internet connectivity, wide area and local area networking, telephony and more.

P&C carrier intends to modernize infrastructure and processes for its commercial business lines, simplify operations and enhance customer service.

Paul Holden joins the third-party administrator after several stints at claims technology companies.

With the Supreme Court affirming that the Affordable Care Act’s current structure won’t change, health insurance IT pros can focus on other pressing areas.

Optimizing reinsurance cost is important to mid-market P&C insurers with growth ambitions. Tom Brock, AVP for Motorists Insurance, explains how the company tacked the challenge head on.