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.